SLACK TechnologiesFundamentals:
Salesforce.com acquires Slack for $27.7B.
I would like for price to reach between the $24 - $27 levels.
Slacktechnologies
WORK stopped SLACKING?Been holding the bag since the lasts ER. Looks ready for a breakout!
- Tested and hold the support at 27 a couple of times
- Long bottom trendline has been held and bounced off
- Short bottom trendline has been held
- Short top trendline is about to be surpassed
- Downwards momentum is fading
- 20 day EMA is about to be surpassed.
- We've seen more green days in the last week than past months
- Dowbeating during the day seem to have been stopped.
Hopefully the upwards trend will continue. Conformation when passing resistance at 30.
WORK IT BABY!
Slack Buy Zone and Sell Zone $WORKWhat i think $work will do in the next few weeks. (Assume the buy zone holds)
(Not financial advice)
Slack: Long, 5-10% Trade!TA:
Short Term Downward trend but currently sitting at support zone; good place to enter with stop losses set diligently below.
Has been following Fib Retracement levels on moves up and thus why I have outlined the target area due to the downward trendline and the fib retracement level.
-Megalodon (Rahim)
PS: Don't take this for Gospel, manage risk accordingly
You are welcome to start discussions below and post your own charts, enjoy!
NYSE:WORK XETR:8S0
WORK BUY opp i have been following this since the gap, last week GS downgrade $work to $30 , i believe it was strange downgrade for the stock like intentionally they want the price to be around the $30ish to kill all options traders, it's great company and it's work from home stock!
technically speaking the stock set on very strong support the yellow trend line since April, in the other hand $32 area very tough, if the stock break $32 smoothly then it will fly to close the gap, if the stock breakdown $29.50 then the stock will go down to $25..
WORK - Slack Technologies Technical AnalysisTechnical Analysis:
The Idea is to go long based on the ascending triangle and the previous bullish trend.
Fundamental Analysis - News
Slack Technologies (NYSE:WORK) will report its fiscal 2021, Q1 results after the market close on Thursday, June 4. Analysts are projecting -$0.04 a share profit on sales of $254 million.
Slack, whose platform makes it easy for offsite workers to communicate and coordinate work documents, is another beneficiary of the virus-driven escalation in people working from home.
Its stock, which closed on Friday at $35.05, has gained 56% this year, even after a sharp decline in March. Still, some analysts have doubts about its long-term prospects.
It faces strong competition from Microsoft’s (NASDAQ:MSFT) rival Teams product.
“No investor doubts Slack’s cult-like product portfolio and impressive growth trajectory,” Wedbush analyst Daniel Ives said in a recent note. “The issue comes down to its long-term growth profile” with Microsoft CEO Satya Nadella “laser-focused on its Teams and the Office 365 opportunity.”
Half way on the profit zone. Would you collect some profit now?or would you guys rather wait until it hits the target?
Slack / WORK- Buy - inverted cup - bullish inverted cup breakout confirmed
the first target was achieved (neck line)
last day we closed above resistance level therefore we are now aiming the full range
Slack Technologies $WORK Finally BrokeoutAfter weeks, it has finally broke the $30.47 and hit $31.74 which is fib 0.618 resistance. It seems that it took it wind behind and will continue the next target.
Slack Technologies $WORKSAfter sharp down side, Work erased it lost and hit the resistance once more time on weekly and couldn't break $28.55. Watch for RSI as well.
