WK has been traded iside the channel since May 2022.
We can see 2 possible scenarios.
The price either will go up and retest the upper boundary of the channel or the price will come back down to retest the support.
2 possible scenarios are shown on the chart.
Good luck
I've had $WK on my list for about a week now waiting for it to shape up and I think its ripe now.
30 days cup with handle
Accumulation pattern looks beautiful on the way up
Earning next week but could move out early in anticipation
I like the reversal and the company is looking to offer platform as a service soon.
I grabbed $100 strike Oct 15th expiration.
in the green 6%
Target is $120/share for over 100% return in mid/late july. Willing to take less. Live to trade another day.
This is a Bullish indicator signaling WK's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 55 similar cases where WK's MACD histogram became positive, and 47 of them led to successful outcomes. Odds of Success: 85%. Current price $55.89 crossed the resistance line at $55.62 and is trading...
Over the last three days, I have detected that WK's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the...
Investors are unimpressed with another money losing quarter, another Ponzi scheme headed down like Wayfair.
Rolled into Dec puts, they were practically giving them away this morning. Slow roll down to $33, go at least Dec if not Jan puts.
The WORKIVE had a steep drop because of the trade war, but it began to rally at the a demand zone.
The good demand zone worked at 41.2-43.2 in the weekly chart.
So buy at this zone.
SL: below 41
TP: 55
It will be very cost-effective trade because the risk/reward radio is more than 4.0.
Is there any better than this?
WK is a growing software company that has exceeded its 2019 Q1 earnings expectations. Has been on a continues uptrend for the past 2 years with no aggressive sell offs. With earnings coming up, I believe company will continue to grow with a 5% potential short term, but can potentially be an over 15% return in the next year.
WK just busted through some overhead resistance to new highs. It did so on light volume though, which is always a concern. I'd look for a pullback near 60 on a retest of the trendline to get in. Stopped out if it breaks back down below 58.
These cloud stocks are pretty unpredictable when it comes to these breakouts, they tend to make some overblown moves to the...
When in doubt short overbloated garbage like WK and W.
Starting to see divergence and distribution as well, and absolutely no volume today. This stock has absolutely no liquidity, if there's a big sell order, it'll go down in a hurry.
Worst case I think it tanks next earnings. Small short position.
