Trading Invalid Iqfeed Symbol WORK With Integrated Risk Controls

August 16, 2021, 04:00 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invalid Iqfeed Symbol (NASDAQ: WORK) report below can help you, but we have more details too. The trading plans for WORK, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for WORK

• Buy WORK slightly over 43.11 target 47.13 stop loss @ 42.99 Details

The technical summary data tells us to buy WORK near 43.11 with an upside target of 47.13. This data also tells us to set a stop loss @ 42.99 to protect against excessive loss in case the stock begins to move against the trade. 43.11 is the first level of support below 45.2 , and by rule, any test of support is a buy signal. In this case, support 43.11 would be being tested, so a buy signal would exist.

• Short WORK under 47.13, target 43.11, stop loss @ 47.27 Details

The technical summary data is suggesting a short of WORK as it gets near 47.13 with a downside target of 43.11. We should have a stop loss in place at 47.27though. 47.13 is the first level of resistance above 45.2, and by rule, any test of resistance is a short signal. In this case, if resistance 47.13 is being tested, so a short signal would exist.

Swing Trading Plans for WORK

• Buy WORK slightly over 45.21, target 47.13, Stop Loss @ 45.08 Details

If 45.21 begins to break higher, the technical summary data tells us to buy WORK just slightly over 45.21, with an upside target of 47.13. The data also tells us to set a stop loss @ 45.08 in case the stock turns against the trade. 45.21 is the first level of resistance above 45.2, and by rule, any break above resistance is a buy signal. In this case, 45.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WORK near 45.21, target 44.18, Stop Loss @ 45.34. Details

The technical summary data is suggesting a short of WORK if it tests 45.21 with a downside target of 44.18. We should have a stop loss in place at 45.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WORK

• Buy WORK slightly over 45.35, target 45.87, Stop Loss @ 45.24 Details

If 45.35 begins to break higher, the technical summary data tells us to buy WORK just slightly over 45.35, with an upside target of 45.87. The data also tells us to set a stop loss @ 45.24 in case the stock turns against the trade. 45.35 is the first level of resistance above 45.2, and by rule, any break above resistance is a buy signal. In this case, 45.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WORK near 45.35, target 44.18, Stop Loss @ 45.46. Details

The technical summary data is suggesting a short of WORK if it tests 45.35 with a downside target of 44.18. We should have a stop loss in place at 45.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

WORK Ratings for August 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	43.11
P2	45.35	44.18	47.13
P3	45.87	45.21	50.68

Support and Resistance Plot Chart for WORK

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