Slack_Trader

Slack_Trader Updated 

Chart pattern suggestive of break-out potencial after earnings consolidation and rejection of downwards trend continuation. Looking for 138$ breakout and 141$ level for confirmation. If broke, next resistance only in the 154$, so a trend reversion is likely confirmed. Playing with stock and short term options (1-3 weeks).

Slack_Trader

After having fully realized my previous trade idea (30-36$ upwards trend into earnings), yesterday $WORK ended the day at 38.38$, closing in on 38.62$ of all time closure. With earnings scheduled for Thursday after market closes, the stock is primed to test the 42$ handle, the historic intraday high. I expect a strong quarter with positive momentum after earnings...

Slack_Trader Updated 

Slack tested the 29-30$ support/resistance level twice, and both times rejected with high volume. Earnings are scheduled for june 4th, until then positive momentum is set to stay. Still targeting 36$ in the near term.

Slack_Trader

Targeting 36$.