Pre-earnings trend
That's pretty obvious that we've got a multi-month cup and handle pattern here!
What I really tring to do is to analyse a short-temp pre-earning behaviour.
I have found some up-trend consolication ereas followed by strong growth before previous earnings .
Recently we have found a support at $28.5 (50% fibonacci retracement level) area with $30.3(61.8% fibonacci retracement level) area resistence.
At the beginig of the next week I think we'll meet support area again and if we'll able to hold it we'll start moving forward resistence again and may break it.
If we will break the resistence area that will consolidate at $32-$34 'till the end of the week before significant pre-earnings moves!
PS:
WORK is an oversold and underperformed stock at the moment with good fundamental background and worst managment that we can find!
We haven't hear anything form the managment for over a month and they don't even trying to catch any media attention to help shareholders!
So any coming news can total change the price moments in any direction... 'till there WORK is totaly under manipilator control whose masivle selling options and burning them out!
GLTA!
What I really tring to do is to analyse a short-temp pre-earning behaviour.
I have found some up-trend consolication ereas followed by strong growth before previous earnings .
Recently we have found a support at $28.5 (50% fibonacci retracement level) area with $30.3(61.8% fibonacci retracement level) area resistence.
At the beginig of the next week I think we'll meet support area again and if we'll able to hold it we'll start moving forward resistence again and may break it.
If we will break the resistence area that will consolidate at $32-$34 'till the end of the week before significant pre-earnings moves!
PS:
WORK is an oversold and underperformed stock at the moment with good fundamental background and worst managment that we can find!We haven't hear anything form the managment for over a month and they don't even trying to catch any media attention to help shareholders!
So any coming news can total change the price moments in any direction... 'till there WORK is totaly under manipilator control whose masivle selling options and burning them out!
GLTA!
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