WDC - This is the moment With RSI 30 (oversold) and the support level at 35.50
I think this is good opportunity to buy.
WDC trade ideas
$WDC - I see the Gap below The stock broke the positive trend after the publication of quarterly financial report and may continue to be negative in the near future.
I see the gap below, 34.55$. might be the support area.
Not for any advice,
Just an Idea.
$WDC Western Digital catchup Trade
Possible trade into or post earnings.
Stock has been in consolidation for 4 months and
perhaps earnings could give it the momentum needed to break from this range.
Stock is above the Point of control (POC)
Stochastic is rising and crossed
RSI is uptrending.
Volume has increased.
Stock is a huge laggard within the sector.
Resistance levels should be regarded as possible targets
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Rectangle S TriangleEarnings 8-5 AMC
Considered by many to be a value stock/I think the growth expectations may be what holds this one back..dunno
I have owned it in the past for a nice run..so she can move when she gets going
Swing trading from rectangle boundaries is another idea
I am waiting on volume to pick up a bit
If WDC starts moving I would re-evaluate my targets and extend my targets if it is looking good. Prior high of 72.46 in the past year with an all time high of 114.69. WDC has to break rectangle first I think
Not a recommendation
$WDC primed off low volumeVolume is below average. Sellers getting tired.
Indicators look fine.
Look for breakout toward $50
$WDCAnything above 43.29 is good for long entry, still no confirmation but worth taking chance for next ER
Sideways trends on WDCAnalysis explained:
1. Support zone identified by multiple lows bouncing at the same line, validated by volume profile (at left).
2. Channel identified, confirmed with volume profile (to see this confirmation you must change the chart for 4hrs instead)
3. Check the volume to confirm when the bounce is happening.
Expectations: wait for a new bounce (to buy) or wait for a new breakout, always confirming with volume.
Best Regards,
Roberto
Western Digital Corporation (WDC) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Western Digital Corp (WDC) - WXY wave pattern Western Digital Corp (WDC) is in WXY complex double three correction pattern. Y wave down is in progress and C wave will be going down today. Wave X was under-performing the SPX and so it has better chance to go down very fast.
WDC Tradestrong resistance 39 Line, once the selling is over 2-3 days , looking for a bounce , to starr a quick trade, looking to the MACD to turn cross to start the trade, if markets don't sell off oil May to go away !
Western Digital.. Reversing Trend after $50? Short of the Year?Ok looking at the monthly where this is sitting at could definitely have some massive gains for the next WHILE. I personally think this may rally to $50, but after that if it can't hold this could completely break under and once it does... oh boy you could see a downtrend for .. well a while.
Let me know your thoughts. This will be a long LASTING trade .. I am not long except for this potential rally. Trade position assuming it does drop out the bottom sooner than expected. IF it doesn't rally a short could be in play extremely soon.
WESTERN DIGITALBasis huge correction in the past, the base of company is much easy to be used by start up, if new way of tech. will be found, there is good chance for growing, basis low cost base.
Western Digital Bullish Upgrade By Stifel $wdc Recent upgrade
Stifel analyst Patrick Ho upgraded Western Digital to Buy from Hold with a price target of $73, up from $63. The selloff in the shares due to the concerns related to the coronavirus situation have created an attractive entry point, Ho tells investors in a research note. While the current coronavirus situation could impact near-term estimates, Western Digital's fundamental outlook for 2020 remains intact, contends the analyst. Ho believes structural demand remains intact and near-term issues are supply constraine
Source thefly
SHORT IN WDC, LOOKING FOR THE FIBO 38That 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
Diamond Formation21/Feb/2020 09:22 PM AUTHOR: Brandon Gum
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Direction determined by XLK
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Next swing?Just trying to take the next swing.
open 65,00
TP : 75.20
SL : 63.70
Risk/Reward ratio : 2.66
Western Digital earnings setup
Has lagged the market considerably, still 60% of its 2018 highs, ?????
Has just topped out at top of channel resistance.
Volume is in decline.
Sentiment within the sector is bullish long term, but has wavered in recent days.
Will wait for earnings, rather miss out on 6% up than catch 10% down.
Longer term this could be a bear flag forming.
