$WDAY Overbought at Channel Resistance

28 Ağu 2018

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.