Workday, Inc.
Long

Has WDAY Formed Support Around $200?

180
The first time WDAY crossed $300 was way back in November 2021, when the bullish trend, which started after the 2020 fall, made the stock rise almost 200%. The stock retested its ATH and managed to create a new ATH just above $311 in February 2024, but failed to sustain above it.

Since then, the stock has corrected and tested $200 multiple times in August 2024, April 2025, and now in August 2025. The $200 seems to be a strong support base. On previous occasions, when the price tested $200, the stock rose ~47% from August to December 2024 and ~34% in April-May 2025.

The price has now once again retested its strong support base around $200, with a low of $206.77, followed by a pin-bar day candlestick on August 12. The bulls seem to have come at the right time, as the price rose 3.95% on the following session.

The support base $200 with a pin-bar candle followed by a bullish momentum on the next day sets the perfect long setup for the trade.

Potential Swing Targets- $250-252, $275-277, and $288-290.
Stop-loss around $200-198.

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