WORK - Managing Risk in Slack Technologies Inc #WORK by Using Price Action
The #priceactio n in Slack Technologies Inc (NASDAQ: WORK) can help investors find #opportunity and integrate #riskmanagement tools . Stock Traders Daily has demonstrated that in this article. Review The plans for WORK below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 38.08 | |||
| P2 | |||
| 42.63 | |||
| 42.67 | |||
| 42.73 | |||
| P3 | |||
| 42.84 | |||
| 43.00 | |||
| 47.05 |
Long Term Trading Plans for WORK
May 1, 2021, 3:15 am ET
The Technical Summary and Trading Plans for WORK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this WORK Report.
WORK - (Long) Support Plan
The technical summary data tells us to buy WORK near 38.08 with an upside target of 42.73. This data also tells us to set a stop loss @ 37.97 to protect against excessive loss in case the stock begins to move against the trade. 38.08 is the first level of support below 42.4 , and by rule, any test of support is a buy signal. In this case, support 38.08 would be being tested, so a buy signal would exist.
WORK - (Short) Resistance Plan
The technical summary data is suggesting a short of WORK as it gets near 42.73 with a downside target of 38.08. We should have a stop loss in place at 42.85though. 42.73 is the first level of resistance above 42.4, and by rule, any test of resistance is a short signal. In this case, if resistance 42.73 is being tested, so a short signal would exist.