Live monitoring of the Broadening Formation setup on WDAY. See where price is heading.
Expanding volatility. Sign of instability.
Reversal pattern after a downtrend.
Technical analysis of Workday, Inc. (WDAY) reveals a significant setup. The stock is trading at $116.93, down 4.02% on the day. The primary technical feature is a Double Bottom formation. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $158.64, targeting $204.73 with support near $135.6 (R:R 2.0).
What is your outlook on WDAY?