Workday, Inc.Short
$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.
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