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WORK

WORK stopped SLACKING?Been holding the bag since the lasts ER. Looks ready for a breakout! - Tested and hold the support at 27 a couple of times - Long bottom trendline has been held and bounced off - Short bottom trendline has been held - Short top trendline is about to be surpassed - Downwards momentum is fading - 20 day EMA is about to be surpassed. - We've seen more green days in the last week than past months - Dowbeating during the day seem to have been stopped. Hopefully the upwards trend will continue. Conformation when passing resistance at 30. WORK IT BABY!
WLong
by Goingdutch303
1
Slack: Long, 5-10% Trade!TA: Short Term Downward trend but currently sitting at support zone; good place to enter with stop losses set diligently below. Has been following Fib Retracement levels on moves up and thus why I have outlined the target area due to the downward trendline and the fib retracement level. -Megalodon (Rahim) PS: Don't take this for Gospel, manage risk accordingly You are welcome to start discussions below and post your own charts, enjoy! NYSE:WORK XETR:8S0
WLong
by BoSukas
2
Slack ain't slacking for much longerIn the last two months Slack has just been consolidating inside a bullish pennant while bouncing off its 382, which was also the key resistance level for all of Q1 2020 (notice it tested it 5 times before finally breaking out to ~$40 per share). This Friday, Slack closed just under the 50DSM. My guess is it'll breakout of this potential pennant soon. It may have one more rejection at 33 or 34 and retest with a higher low, which I'd view as a good opportunity to add to longs. This is considered a high probability low risk trade. The risk I see is this... when markets are strongly supported (which is one way to categorize a trade as high probability), they can fail in a big way. In the case of Slack, *IF* this pattern fails, it would fail in a big way (like a big gap down). This makes insuring the position cheap and worth doing (because it's very unlikely, but would be a big pay-off). If long with a sizeable position, it's a good idea to have a far OTM put option as a hedge.
WLong
by Lanmar
2
WORK BUY opp i have been following this since the gap, last week GS downgrade $work to $30 , i believe it was strange downgrade for the stock like intentionally they want the price to be around the $30ish to kill all options traders, it's great company and it's work from home stock! technically speaking the stock set on very strong support the yellow trend line since April, in the other hand $32 area very tough, if the stock break $32 smoothly then it will fly to close the gap, if the stock breakdown $29.50 then the stock will go down to $25..
WLong
by mo_trader37
slack TechnologyNYSE:WORK Based on Technical and Fundamental Analysis - Hold Slack — Goldman Sachs downgraded Slack to “sell” from “neutral,” citing the potential for an “enduring battle” with Microsoft’s Teams platform for market share. “While we continue to view Slack as a best-in-class team messaging offering that is favored by the technical community, we expect MSFT Teams to continue to try and leverage its packaging within Office 365 to drive increased adoption, thus creating the potential for a more competitive environment,” Goldman said in a note.
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by Mauriello