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WORKDAY

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4WDAY trade ideas

$WDAY Overbought at Channel Resistance$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.
NASDAQ:WDAYShort
by Triple_Barrel_Capital
$WDAY - Top CalllaaaaaaBeen had this one on watch because the setup is always a reliable one that uses the white curve (55 low MA) as a top caller based on the curve of the lows where 55 low uses 180 WMA as resistance - price drops as the white curve slopes to the most upward point without crossing over the blue 180. I tend to use the red vertical line just as a reference point to where the white curve either A) start of the 55 candle count makes higher lows (hence, white MA slopes upward) or B) start of the 55 candle count makes a few higher lows (white MA slopes upward) but is short lived, & continues making new lows (hence, white curve slopes upward temporarily, but the new lows add to the resistance point not being crossed). This is typically a setup I see with upcoming earnings - but $WDAY doesn't have earnings until Sept. 4th - so I'm kinda going out on a limb with this one, because it's usually a home run short entry regardless of earnings beat/miss. Regardless, as long as I don't see the cross of 55 low MA above the 180 WMA - ideal target price is @ or around $126-$130. I'll leave a few examples Ex. 1 - Ex. 2 -
NASDAQ:WDAYShort
by DerekD_
3