Work Day (Ticker: WDAY) is on the move and is breaking out right now.

Facebook
Twitter
LinkedIn

Work Day WDAY

Work Day (Ticker: WDAY) is on the move and is breaking out right now.

WDAY spent the past month and a half consolidating and the past week really tightening up.

When we see patterns tighten up, build support, and get close to a pivot like WDAY did, it gives us a low-risk way to play it.

I entered this on 7/26/17 at 104.75, about 10 cents above the high made 2 weeks ago at 104.64.  A reasonable exit if this falls apart is right around 101.50 (below last week’s low and below the 21ema). A more conservative exit is below 99.90. This allows for a test of the 50dma.

Facebook
Twitter
LinkedIn

Here are more articles you may like

Claim Your Free Guide Today

Give us your email and we will give you the tools to change your life. 

FREE 7 DAY EMAIL COURSE

Learn about Early Entry Points & much more...

© ChartYourTrade | Contact us: website@chartyourtrade.com

Disclaimer: All communication from ChartYourTrade is general in nature and for educational and general informational purposes only. Under no circumstance should it be considered personalized investment advice. All our work is general in nature and not specific to any one person. All the information on this site and/or that originates from us, or any of our partners or affiliates, is for educational and informational purposes only and is NOT a recommendation to buy or sell anything. To avoid any conflicts of interest, we do not have a working relationship with any of the companies mentioned in our work. Furthermore, we may have a long, short, or no position in any, or all, of the names that appear in our work and they may change at any time without notice. Investing and trading in capital markets or using margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. Before you decide to invest or trade in capital markets you should carefully consider your investment objectives, level of experience, and risk appetite, among other factors. The possibility exists that you could sustain a loss of some, all, or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with capital markets, investing/trading, and seek specific investment advice from an independent financial advisor and other professionals. Remember all the information we provide is for educational and general informational purposes only and is subject to change without notice.

Charts and Data are courtesy of MarketSmith Incorporated. Join MarketSmith here.

Terms of Service