0M18 trade ideas
Daily WDAY stock price trend forecasts analysis 15-JUL
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
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Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -0.9% (LOW), -0.4% (CLOSE)
%AVG in case of rising: 2.1% (HIGH) ~ -0.8% (LOW), 1.5% (CLOSE)
%AVG in case of falling: 1.0% (HIGH) ~ -2.2% (LOW), -1.1% (CLOSE)
$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
$WDAY Bearish Shooting Star$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.