Plain and simple technical analysis on this one. Aussie gleaned some support earlier in the week however the overall movement is controlling the the accurate destination targets long term. Which is set at 1.7200. Looking into next week, we should see moves heading south once again off the daily/weekly bearish moving averages.
So CRM bought slack in a fairly expensive price and this caused investors to pull out and run -which is good because the stock needed to retrace and retrace the gap area between 220 -250. let’s focus on technical : Stock is moving in a downward trend with no lower highs only lower lows which means we are technically not in a downtrend ! the gap from 25th of...
I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear...
DOUBLE INSIDE DAY. I WOULD TRY GOING LONG OVER 43. STOP LOSS: 42 PT: 44
NYSE:WORK Possible Scenario: SHORT Evidence: Overbought RSI It's my opinion and could be wrong 100%
ASAN possible bottom after IPO. Earnings in December. Could be a good risk reward play if market doesnt crash. Volume was almost non existent until now on this stock. See chart. Price target 27$ Stop if market crashes as always.
Video breakdown of $SNAP $DKNG $WORK
Slack's stock has been following this descending channel since it's boom in June. Investors noticed that Slack is a good "corona" stock since people are working from home and therefore need some kind of communication tool. However, Slack is losing the fight from Microsoft's teams, which is simply a better and more developed product. My play would be that the...
$WORK forming a bullish descending megaphone and is really just whipping between resistance and support bands of this pattern. Looking for $WORK to hold $25 and push up to $30. One of my favorite trades currently. Keep the purple circle in mind for first target at $26.50 — that trend-line will be important to break to hit our higher target of $30 BTO 12/18...
WORK is in an ascending triangle and is on the verge of a potential breakout. I'm expecting a flat open just above $26 on 11/05, and then a breakout upwards.
EW analysis shows that $work is working on a a wave 3 sub formation (yellow) within a larger wave 3 impulsive structure (white) that started back in march. Its hit the technical levels perfectly. The algos are in play! On a shorter time frame, the Andrews Pitchfork shows a beautiful bounce off the bottom of the channel, with and 80% chance the price will approach...
Slack (WORK) has failed to break out from its downward trend that started in June. Despite my strong bullish long term view on Slack the outlook for the next few weeks remains not very positiv - support levels at 28.60 / 27.30 / 23.60 could be seen as entry points to accumulate.
Slack is still better than its peers.
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...
Broke through a major resistance whiplash up to at least 33 if not higher long ATH
$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.
Broke out that falling wedge and holding above that down trendline, bounce perfect off that .618 yellow zone making its way back up to 28.32