TRADING TIPS

WDAY Bracket Trade with Targets

Hubert Senters here.

Let’s take a look at Workday. Ticker symbol is WDAY. Bracket trade for Monday so obviously it had either good news or good earnings.

It really doesn’t matter why it gaps up or gaps down, how we’re going to deal with this. We’re going to let everybody else get tore up and discombobulated and we’re going to pick up the pieces here in this trade.

So it’s like this. Potential long above $275.07. Potential short below $263.36. Now if you do short it use a half a gap fill of about $256 as a target. And then a full gap fill of about $247.

If it goes to the high side which it probably will. Obviously the first target is going to be the most recent high around $282 and then after that we’ll go for a target of $300.

I’m going to be doing a special webinar on The Mother Of All Bubbles, August 31st at noon EST. You know how to register for a webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.

 

 

 

 

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