$WORK Slack - Hitting resistance today at $30.50 and beginning to retrace.
Unusual Bearish Options Activity Yesterday -
12k $30.00 strike (ITM) Dec'20 puts traded vs open interest <2k or 6x OI for a total premium outlay of $5M
Near term target: $25.00-$26.00 range by late October
Note: This is NOT investment advice.
Supply Zone: 35
Demand Zone: 24
Sell Iron Condor -- Both Call and Put spread
SellToOpen Jan P28/23 and C31/36 Limit 3.7
If price will stay between demand and supply zone, I will in win. Probability is better than 50%;
Reward:risk =3.7 : 1.3 near 3:1;
No stop in this trade.
I am not a PRO trader. I need few months to practice trading plan.
If you like it,...
I see a clear healthy on SLACK with RSI above 50, breaking the channel on RSI as well.
14 and 21 periods EMA giving a buying signal so overall this looks good to me.
TP1 - $26.50
TP2 - $28
Please let me know your thoughts.
A lot of others have pointed out the cup and handle formation that slack has made where the handle formed after the last earnings. But also that test of $40 prior to earnings is forming an ABCD pattern that puts the D greater than $50 by end of October. Slack's last earnings report was almost profitable, and their expectations is actually less than their last...
Hello traders, SLACK TECHNOLOGIES is in a fake bearish push with low sales volume issued and sellers rejecting. The TIMEFRAME M1 shows a bullish continuation that goes right on the VWAP, it is very likely that it will break in force. In this case SLACK TECHNOLOGIES is heading directly to catch up with its recent losses of the last session, it leaves to fill its...
40+ in early 2021, if not sooner. Will depend on market conditions of course, but the demand for efficient and optimized at home working platforms will only increase as more companies shift to at-home employment. Benefits have already been realized, no turning back now no matter how hard anyone fights it. Slack is positioned well to be a leader in such an...