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Workday May See Deeper Correction in Weeks Ahead

Bruce Kamich

In this daily bar chart of WDAY, below, we can see that prices did decline into early June, but reversed to the upside. WDAY has not made a new high and the indicators are still not robust. The On-Balance-Volume (OBV) line picks up in early June, but it is not leading to new highs as the OBV line can sometimes do.