$WDC Western Digital breakout has failed, blame Intel.
We have not given up hope on WDC even though the recent break above resistance soon reversed as the SMH tumbled due a very weak outlook by INTEL. Monday there is also earnings from NXP, while AMD reports Tuesday so maybe we will find that Intel's weak guidance is company specific, if so the rally will resume. WDC has lagged the sector since December still well below the $110 from march 2018.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.