WDAY is above the neckline of a multiple bottom/inverse head and shoulders pattern. The neckline is a source of support after price is above it. The upper trendline of the triangle is also support once price is above it. Large Descending Triangle and price is over the upper trendline which can now be a source of support. Descending triangles can break to the...
Chart analysis Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways. Buying side: -find a lot of support in the red area (9x) -huge candle with 2 times big wick underneath (bullish) -above 20+50 SMA Selling side: -under 100+200 SMA -intact...
$WDAY Chart is getting tight. Lots of chop within this pattern $ a massive flush last week. Like this chart alot. Will LOVE it when 241 clears with some bullish vol
And barely an inverse head and shoulders due to the closeness of the bottoms. The bulls take a stand at these bottoms and have not let it go below 217ish so far. WDAY has not broken the neckline which represents resistance. It will be support if broken Negative volume is high. Short interest is 4.52% and days to cover shorts is 5.6 (short ratio) No...
Workday, Inc. Peak highlighted candles are bearish blue arrow represents the move down High lighted candles resting on the POC indicate strength ADX and MACD line up twice to show the move pt 260
Long SNOW and WDAY for swing trade NASDAQ:WDAY NYSE:SNOW
WDAY has now tested the 220 level over 6 times. With each test demand is diminishing, which will create a further sell-off to the 208 area, where it will find support
The uptrend targets are around 277 and 300. If 226 is retested, the uptrend could have a much higher target.
A break below today's low tomorrow calls for a short.
Again back at the 100 day MA, it has used this as support for a long time so there could be high probability plays off this. I'll be watching very closely to see what kind of reaction we are going to get. So far there is some bullish divergence forming on the lower timeframes so we'll see if that ends up panning out.
It's been consolidating nicely at .5 fib or 259. This consolidating breakout history of this stock is highlighted in the purple box. I drew a resistance trendline on the RSI and I'll be waiting for that break along with a move to 261 for conformation Right now it's showing a Inverted H&S . Entry at 261 + RSI trendline breakout Stop loss at 259
WDAY has been double bottoming off this trendline for the past couple of months. Looking for it to do it again right here.
I love stocks that follow my formula: impulse, correction, impulse. As evident by the chart this pattern is called a running flat. Running flats are characterized by two trend lines both heading up. The next step is to look for a similar pattern on XLK
Stock screenied on finviz using channel up chart pattern. Last candle on support is a hammer indicating potential bounce. Demo trade setup for possible move higher when market opens.
Took its sweet time with this reversal. fell through trendline (Yellowline) today. Targets are redlines
White lines are the original channel lines Yellow lines are secondary Red lines are targets Entry at 260$ Side note, this could go to the top of its original channel at 274 and then come down but I've notice alot of resistance and weakness at the 263-264 area. Volume has been dropping ever since it arrive at 260 on Feb 3.