WorkDay - Short Term Consolidation with long term bullish
Observed Workday on both front, post COVID double dip, the stock has been constantly moving up. during COVID it tested its long term support of 120 which it held fine. Post that its support levels 149, 157 are crucial supports.
In very short term again it made double dip before accelerating to 168-170 levels however in very short term i see this stock to hover between 160-175 levels.
Long term i remain bullish considering from long term i observe a parallel channel. As results are due tomorrow and just glancing through prior earnings, the stock post hours can dip initially and depending on earnings call and results it will make its next move. However I believe in any case it should remain above 160 level.
Note - I am holding WorkDay for short term.
In very short term again it made double dip before accelerating to 168-170 levels however in very short term i see this stock to hover between 160-175 levels.
Long term i remain bullish considering from long term i observe a parallel channel. As results are due tomorrow and just glancing through prior earnings, the stock post hours can dip initially and depending on earnings call and results it will make its next move. However I believe in any case it should remain above 160 level.
Note - I am holding WorkDay for short term.
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