WDAY Showing Strength in Bottom RetestWDAY is showing strength during the retest by the major indexes. It is a NDX component. There are Dark Pool accumulation footprints developing. I'll be teaching this concept tomorrow.
The bottom formation will complete when it breaks out above the resistance at $180. Watch for compression at that level. This stock may offer some good swing trades once the retest of the bottom's support ends .
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NTAP Head & Shoulders Top Gaps DownNTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence that this could be the conclusion and completion level for this top at this time.