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.
