Based on my analysis , I notice that WDAY has right now entered a corrective phase which could potentially take it to the area of 109-111 by the end of May , beginning of June. I post here only the weekly cycles , but the daily cycles also show a correction and negative momentum as well . All the rallies should be sold on the stock in my opinion .
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I am taking advantage of today's rally and I did buy the 125/130 put spread meaning im buying the 130s and selling the 125s for protection expiring in May 18th.
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I made a big MISTAKE on my analysis ON THE MINOR CYCLES sucks I will fix it with the updated chart and will show why everything makes sense now Lost 2k on my put spread Life keeps on !