That is our trading idea in WDC after a very bullish period of time, now look for Short trades looking to reach the 38,2% Fibo of all the previous bullish leg, until the mid days of April. Good luck and Nice trading #MARKTADVISOR
As per the Chart Abbreviations; ND=No demand NS= No supply DW= Demand Wave RFSB= Resistance from Supply Bar SFDB support from Demand Bar SLK= Stop Loss killer SLKB= Stop Loss Killer Bottom DB= Demand Bar SB= Supply Bar EVRB= effort vs Result Bottom My Mentors and Inspiration Volume Analysis - Oleg Alexandrov Money and risk Management - Dmitriy Lavrov-
I share my longterm expectation of this trade. Memory prices stabilizing. This could bring great gains for this stock in the longterm view. I am in this trade for a long time. But for those who are not in this trade yet...we got a pinbar on the 4H, which is first good sign for the entry if you still hesitate. You can also wait for the daily candle confirmation.
NASDAQ:WDC Breakout of the double bottom, and first target in trailing stop at the level of the previous pattern.
WDC ran speculatively out of a retest of its recent short-term bottom. A gap series formed with an exhaustion gap below resistance from the failed attempt to complete the bottom.
Predicting price to drop slightly more to the targeted area, around $43 before rebounding, with the upper target being around $60. On the weekly, we met the same strong support of $35 in Dec 2018 as we did in 2016. We topped out just under $54 just as we did in the rebound from 2016. After topping in 2016, we pulled back to about $43 before soaring up to about...
At least goes back to the 50% mark, but first the $50 area? There was some nice divergence down at the bottom.
Not calling this the bottom, but I do like the "reversal" candle it printed and seems to be finding support over here.
Falling out of favor! Taking a step back and waiting for support.
I have been forecasting a market top around October-December 2018 for quite a few months. Most stocks I have looked at are also pointing to a top around that timeframe. This one stock does not appear to fall with the rest of the market based on trend and derivative analysis as well as Elliott Wave Theory. My analysis is pointing to a top between 140.54 - 174.62...
Already bought the WDC. The price bounced on the 78.50 level completing the bullish bat as expected and the strong bullish candles confirm the correction of the impulsive wave; volume goes down according to the uprising accumulation. This is a sharp moment to joing the bulls as the sin wave announces the beggining of a new cycle. BUY @ 80.60 SL @ 78.@ TP @ 83.60
WESTERN DIGITAL CORP. starts to accumulate; a change in trend might be expected on the 16.06.2018 Let´s be patient and wait for a key reversal level then, instead of buying on the bullish pattern now; it is too early and it could still become a bat since there is no sign of divergence.
WESTERN DIGITAL CORP. starts to accumulate; a change in trend might be expected on the 16.06.2018 Let´s be patient and wait for a key reversal level then, instead of buying on the bullish pattern now; it is too early and it could still become a bat since there is no sign of divergence.
Just have a little patience and buy the dip. Never ever chase a breakout, always wait for the "good" price. Chasing will result in a loss sooner or later. This stock is fundamentally on very solid feet and it should hit 115$ pretty soon. I am looking for dips into 90-93$ to build a big position. We shouldnt see prices below 85$ anymore or else this whole scenario...
There's a bullish triangle, so we could have another upward impulse pretty soon.
Watch when price would finally breakdown the trendline support. MACD shows huge divergence with the price. Risk 115.05/Target 38.70 (highlighted with the dashed lines)