WDAY - Levels to think about
WDAY has earnings coming up and can see a large run up. May 28, 2020 is earnings, quite some time till then. Might cool down after the run up last week from Twilio but here are the key levels.
It just bounced off .618 Fib, and can pull back to 160 and 155. If 155 holds on strong volume, that signals accumulation to me. I'd say that if so, you can see a large move upwards back to 166 if not higher. After 166 comes 172 also near that 200 day MA. If it breaks above that, the bullish trend will resume and you can see 181, 201 breakouts into higher as we move into earnings. Take it a step at a time.
Layers downward, if 155 breaks you can look for a potential short up to 144. It would be a drastic move as we have see each dip below 150 get bought, but it is not out of the realm of possibility. When it hits and breaks 144 though, that would look at a major trend continuation with rejection of all MAs, and it can be a short to 130, 120.56 and then even 108.54 if visiting the March lows. RSI moving quite high on the daily but it is not oversold per say. V Interesting.
On the weekly, higher highs and higher lows consistently.
It just bounced off .618 Fib, and can pull back to 160 and 155. If 155 holds on strong volume, that signals accumulation to me. I'd say that if so, you can see a large move upwards back to 166 if not higher. After 166 comes 172 also near that 200 day MA. If it breaks above that, the bullish trend will resume and you can see 181, 201 breakouts into higher as we move into earnings. Take it a step at a time.
Layers downward, if 155 breaks you can look for a potential short up to 144. It would be a drastic move as we have see each dip below 150 get bought, but it is not out of the realm of possibility. When it hits and breaks 144 though, that would look at a major trend continuation with rejection of all MAs, and it can be a short to 130, 120.56 and then even 108.54 if visiting the March lows. RSI moving quite high on the daily but it is not oversold per say. V Interesting.
On the weekly, higher highs and higher lows consistently.
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