WDC: Potential long term long at old support level
Updated
WDC has great valuation and yields here, I entered a half risk position here using a 3 ATR stop loss. Will be looking to add if it shows signs of strength.
You can see how the key earning support levels from 2009 to 2012 align in this zone, and how good the valuation is.
WDC is well positioned in its market, and has hit a level where I estimate it can see institutional buying appear.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
You can see how the key earning support levels from 2009 to 2012 align in this zone, and how good the valuation is.
WDC is well positioned in its market, and has hit a level where I estimate it can see institutional buying appear.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Note
Bam, 3 point profit already.Sold at the money and some deep in the money puts.
Note
A 12% return so far is nothing to sneeze at...going for more.Leave comments if you caught this homerun. Hopefully it keeps trucking and reaches my targets this year.
Note
17%...Anyone in?Note
WDC might stall at this level for a while, still holding longs.Note
We've broken the next KEL above, so far, WDC has held the level, perhaps we can add to longs or reenter if closed.
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