Workday found a good level of buying support yesterday after an initial sell off and looks primed to make a push up in the coming days. With more online support required by employers, Workday are in a good position to take advantage of this over the next few months.
Target price from here would be in the region of $180.
Reclaimed the 200 day moving average as support
$182 as upside target to horizontal price resistance
Company profile
Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions...
Observed Workday on both front, post COVID double dip, the stock has been constantly moving up. during COVID it tested its long term support of 120 which it held fine. Post that its support levels 149, 157 are crucial supports.
In very short term again it made double dip before accelerating to 168-170 levels however in very short term i see this stock to hover...
Hey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. WORKDAY is in a compression zone, it is in a possible buy signal which breaks up.
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WDAY has earnings coming up and can see a large run up. May 28, 2020 is earnings, quite some time till then. Might cool down after the run up last week from Twilio but here are the key levels.
It just bounced off .618 Fib, and can pull back to 160 and 155. If 155 holds on strong volume, that signals accumulation to me. I'd say that if so, you can see a large move...
Large descending broadening wedge - this is a bullish pattern in general, but might be worth a play on the resistance. Just keeping an eye on at the moment.
Earnings on 28MAY.
This is a very manipulated stock, they are already bursting it out of daily upper bbands. Not sure what to do at the moment - possibly wait for a markup into earnings to grab...
Contextual immersion trading strategy idea.
Workday has a strong downside trend.
This and other conditions can cause a fall in the share price in the next days.
I saw it again and opened a short position from $128,9;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published...
Earnings are on the horizon and stock has broken - backtested and advanced form the descending parallel channel.
Moving averages crossing in bullish manner.
RSI strong uptrend.
Possible entry level $202.30
Target price $254.67
Stop loss $187.26
WDAY is working on a final sideways pattern before testing the completion level for this intermediate-term bottom. Large lots have recently created a Shift of Sentiment™ pattern in the Balance of Power Indicator with their large lot activity.
