Looking to pay close attention to WDAY this week. It's been staying around the bottom of its current PotterBox where buyers are holding strong. This is a bounce level. However, we haven't had a bounce and we've been hovering around this level for days. Tomorrow's open should give us an idea of where the stock could move but ultimately, the close is what I'll need...
I gave 2 scenarios for WDAY. I showed what I'd be looking for on the move up and what I'd be looking for on the move down. I'm favoring the move to the downside going into Friday 8Mar because of all the taps of the bottom of the PotterBox.
Entries and targets are annotated in the video.