4WDAY trade ideas
Good Buy?New to trading but everything is a learning experience, how does the upward trend look and will it reach resistance.
$WDAY LOOK FOR ENTRY ON ANY PULLBACK FROM ATH.It would be difficult to find a better trending chart , the stock has respected the trend lines and indicators beautifully and that is unlikely to change on earnings, but if it does any pullback has historically been a great place to take a position in the stock. The market is in a little turmoil at the moment so even a great earnings report could fall on deaf ears and as the stock is sitting at all time highs, it is a much to risky a trade to be gambling on the hope of a post earnings jump in such a exspenvide stock.
AVERAGE ANALYSTS PRICE TARGET $203
AVERAGE RECOMMENDATION OVERWEIGHT
WDAY Breaks Through ResistanceWorkday has been in a trading range since February. It recently broke through the resistance level at the highs. It now must sustain the price gains above the highs to form a new support level.
$WDAY WORKDAY, ITS TIME TO RING THE REGISTERWhat a fabulous stock to have owned, even in December when the market was getting hammered it actually had a strong earnings pop. It is apparent that to us that now is not the time to be buying but maybe wise to take profits.
WDAY put saleBeen looking for a good pullback on this in order to sell some puts. Great earnings and growth company if I do get put shares.
WDAY is heading 230 area within next earning. Buy now 30+ profitLong term best in class ... heading 250in 1 year ..
Long WDAY - target reachedNice breakout and initial target reached. Potential for more upside if market is favourable.
May have some profit taking. Look for good re-entry set up.
WDAY - retracement - shortShort WDAY for the next three days. Believe there will be volatility in the overall market due to FOMC and interest rates on the 18th and 19th.
WorkDay (WDAY) -- Short Call Vertical 8-Day Short Call Vertical Option. 5 Days left until Expiration. Short Call at 180. Long Call at 182.5. As long as price does not get to 180 in 5 days, 18% profit. Current price is 160.
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$WDAY Bearish Shooting Star$WDAY Bearish shooting star candlestick forming on weekly chart, expecting to close the week within upper channel limit (i.e. <= $165). The stock shot up from Nov 20th low of ~$118 to up over $170 within two weeks (44% gain)...eventually gravity catches up - retracement already underway.
Targeting $140 level by mid-January.
Note: Informational analysis, not investment advice.
$WDAY - After String Earnings, Expect a Pull-Back Off ResistanceNASDAQ:WDAY showing resistance at the top of the trend channel. A good place to short here with a price target at the bottom of the gap. Stop being the new all-time high made today.
[WDAY] phase 3The price is going up. It's above the 30MM. Speak of 30MM; its slope is positive so, maybe it will continue to phase 2.
WDAY looks like it wants to make a move, but which way?WDAY seems ready to move a move to either side although down seems more likely since it had a big move up in the recent months. Short looks good below $136, or if the level holds long on the break of short term Trend line.
DISCLAIMER: This is not a financial advice, so please do your due diligence.
Also for more in-depth analysis of our trade ideas please check out our YOUTUBE channel @PMT Trading.
WDAY Fib and S Curveangles for wave 1,2 and 5 are all the same and 5 ends at the 300% Fib line. WHere I sold a Put was a good place to buy based on this analyis, will watch it for a more long term entry.
Solid Trend
$WDAY Overbought at Channel Resistance$WDAY Workday deep into overbought territory now on the daily chart, with an earnings release coming early next week.
For a company still not making any money, it feels like a beat is already priced in. In my opinion, it would require a substantial beat and a positive guidance adjustment next week to get it over $155 in the near term. I'm expecting a correction post-earnings.
Two possible near/medium term targets on chart.
Note: Informational analysis, not investment advice.
