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.
WDAY bouncing nicely off the 100day and intraday double bottom. If it can keep this up it could push even further. The double bottom might be played out so be safe.
WDAY hopefully should strengthen soon. Target around recent highs 260-ish.
Workday has been bumping its head on 230 since sept; Broke out briefly in dec and after reaching channel top came back down. It broke out of 230 again on Friday thanks to a 300$ price upgrade from GoldmanSachs. long term , it's on it's way to 300, short term are my targets (Greenlines). Macd is crossing OBV is bullish
Not to long entry level yet for this pattern.. Long entry is a break of the BC leg in an uptrend. You may see something different than I do..we all see differently and is what makes the world go around.. To look at this chart, it looks like WDAY may pull back some more..dunno and could pop to a new high tomorrow..lol.. Looking at the RSI etc, just looks to be...
Symmetrical Triangle and is over long entry level of 222.35.. WDAY has a histyory of flying so be safe. We just always hope the flight stays on course.. Not overbought..long term moving averages, the 50 (a bit flat), 100 and 200 (100 and 200 tilting up) in place..some of the short term moving averages do not look good today but that can change tomorrow. The 5...
WDAY appears to be in another cup and handle pattern.. MC/Mid Cup 222.25 and HL/Handle low can provide support Pattern is not valid until long entry level of 248.86 Keeping an eye on the possible W I see in the chart... long with caution..as always keeping an eye on market conditions. Not a recommendation I am hoping we see a bull market continuation for...
Volume picks up on the last few hrs on trading day, potential move to the upside of channel
wave analysis, possible $280
Buy signal indicated on 27th October at $213. Price is now at 207 which is a good entry IMO. Looks like price is respecting the 200ma on the 4 hour chart. If it stays within the triangle I think we will break higher over the next couple of weeks as earnings were solid albeit a slightly bearish outlook from the company. Stop: 170 TP: TBC