pool adsThe Fundamental Case for Slack Technologies Inc WORK Using a Price Based Model
Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Slack Technologies Inc (NASDAQ: WORK) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for WORK and it can be used as an example of how to use price action to define fundamental opportunity. 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 |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 39.85 |
| P2 | 44.12 | 44.14 | 44.29 |
| P3 | 44.55 | 44.71 | 48.36 |
Support and Resistance Plot Chart for WORK
Longer Term Trading Plans for WORK
WORK - (Long) Support Plan
Buy over 39.85 target 44.29 stop loss @ 39.73
WORK - (Short) Resistance Plan
Short under 44.29, target 39.85, stop loss @ 44.42
Blue = Current Price
Red= Resistance
Green = Support
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