WDCWeekly chart shows more information to us than daily. well known the Western Digital Corporation. The good company in the bull market
WDC trade ideas
$WDC - Monthly / Weekly Wave 3 - Breaking through key fibs soonThe trend is definitely your friend in WDC. 163 price target of extension. Very deep wave 2. Excellent dividend to boot. Could be a game changer added to a long retirement portfolio. Digital media storage is not going anywhere for the foreseeable future as Euclidian Physics still dominates Moores Law. When the Qbit becomes common place - reassess this company. Sandisk purchase resulted in tremendous amount of IP and positions WDC as a leader for next 10 years.
Long We are in a big support area and i think the stock is going to bounce today. The stock breakout of that resistance 2 months ago and the stock gaps up on earnings so that was a strong move but since then the stock did not move that much. There were a little downside move with low volume ( a little correction). The stock finished strong friday with a small lower shadow and no upper shadow so the candle is looking very great for a bounce.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Buy Signal for Western Digital - Marketbreadth is green.MoneyHour$-Breather signals a Buy for WDC - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
$WDC long It has bounced already from support, down side is limited, one can zoom in and find setups for longs RR is good
WDC: 2nd chance to join the uptrendAs you can see in my previous publication, we had a great opportunity to enter longs starting the year. Now we have a similarly great opportunity at the end of this correction here, and close to earnings support.
The risk is the earnings report still pending, so start by buying a 0.25-0.5% exposure long, with $5.61 downside risk from here. I wouldn't use a stop loss.
Then you can complete the position over the course of a few days, with more information after the new Key Earnings Level is formed here.
Good luck!
Ivan Labrie.
Western Digital could offer a great long Set up is in motion, will update entry/target/stop if it materializes.
TIME FOR WDC TO TAKE A RESTRome is not built in 1 day. Time for WDC to take a rest.
The general market is getting tired too.
But don't short this stock though. I rarely short any stocks, let alone a solid company like WDC at a fire sale price as of late. But the market is getting weaker and weaker...
WDC: Potential long term long at old support levelWDC 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: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risky sell in the bounce back - #ProfitingMeHi,
Sell High WDC in the bounce back can be risky. But it is an opportunity for who wants to accept the risk.
Later my interest can be to buy low in the dip when the price will drop deeper in demand levels.
Thank you
Girolamo Aloe
