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December 18, 2024, 00:44 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy WDAY near 269.68, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 268.9 to protect against excessive loss in case the stock begins to move against the trade. 269.68 is the first level of support below 278.01, and by rule, any test of support is a buy signal. In this case, if support 269.68 is being tested, a buy signal would exist.
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
If 288.37 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 288.37, with an upside target of n/a. The data also tells us to set a stop loss @ 287.54 in case the stock turns against the trade. 288.37 is the first level of resistance above 278.01, and by rule, any break above resistance is a buy signal. In this case, 288.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of WDAY if it tests 288.37 with a downside target of 275.35. We should have a stop loss in place at 289.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 288.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 281.11 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 281.11, with an upside target of 288.37. The data also tells us to set a stop loss @ 280.45 in case the stock turns against the trade. 281.11 is the first level of resistance above 278.01, and by rule, any break above resistance is a buy signal. In this case, 281.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of WDAY if it tests 281.11 with a downside target of 276.43. We should have a stop loss in place at 281.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 281.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Workday Inc. (NASDAQ: WDAY) report below can help you understand how to do this. The trading plans for WDAY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.