WORK - Timing Trades in Slack Technologies Inc #WORK can be Risky if you Don't Have Discipline
#Trading Slack Technologies Inc (NASDAQ: WORK) or any other #stock for that matter requires a degree of #disciple that not every #investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for WORK has been compiled in such as way as to demonstrate how to do this using a real-time example. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 38.76 | |||
| P2 | |||
| 41.01 | |||
| 40.63 | |||
| 43.30 | |||
| P3 | |||
| 41.34 | |||
| 41.30 | |||
| 47.51 |
Long Term Trading Plans for WORK
May 10, 2021, 9:15 pm 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 38.76 with an upside target of 43.30. This data also tells us to set a stop loss @ 38.65 to protect against excessive loss in case the stock begins to move against the trade. 38.76 is the first level of support below 41.04 , and by rule, any test of support is a buy signal. In this case, support 38.76 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 43.30 with a downside target of 38.76. We should have a stop loss in place at 43.43though. 43.30 is the first level of resistance above 41.04, and by rule, any test of resistance is a short signal. In this case, if resistance 43.30 is being tested, so a short signal would exist.