WDC Trend ReversalWhy i think that WDC by be retracing to EMA20 in the next couple of weeks
Daily RSI is 80.47 ==> overbought condition
1WDC trade ideas
WDC for the restest (weekly chart)Liking the indicators here. We have a trigger of all 3 moving averages (circled) with a continuation bar this week. Be looking at a retest in the next couple weeks of the 65 level.
Jan 17 65 call looking to purchase on Monday for a hopeful power move next week with the Santa Rally on the front burner.
Ran too fast to soon WDC All chip makers have been soaring in the past two weeks. I expect to see a pullback soon. Therefore, I choose WDC to be one of my favorite charts to go short. It is possible the stock can run up another $3 or so, but I would be monitoring the chart for any pullback conformation, and I will ride it down into the next Support line at $75.80
$WDC Monday trade setup for Western Digital Entry level $56.70= Traget price $61.00 = Stop loss $55.67
Western Digital upgraded to Positive from Neutral at Susquehanna. Susquehanna analyst Mehdi Hosseini upgraded Western Digital (WDC) to Positive from Neutral with a price target of $90, up from $55. He expects the 5G smartphone build cycle to "start in earnest" late in the March quarter and and combining this with cuts to NAND capital expenditures and wafer starts should lead to a tight NAND supply/demand balance by the June quarter, said Hosseini, Source the fly
WDCGood spot for some mid range longs.
Pink area are targets for the longs.
Green zone good spot for entry. Although, if it reaches here, it may pull back further to teal before pushing to target zone. Orange line is stop loss for green zone entry.
Teal zone should be stronger. Red line is stop loss for teal zone entry.
$WDC Western Digital reverses strongly. Buyers have returned today as once again optimism has returned to the market overall.
The massive selloff post earnings was overdone but found support on the monthly support level, today's bounce has found resistance at the weekly and the 100ma.
The average analysts price target remains at $63 with a overweight rating.
Short interest 4.43%
Yield a sizable 3.7%
Company profile
Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.
Western Digital Corporation Possible bullish movesAs 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-
WESTERN DIGITAL/WDC - LONG POSITIONI 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.
Big Gain for WDC Potentially a big gain here for #WDC as it continues to make higher highs and higher lows. I have marked a few potential points being made of supports.
NASDAQ:WDC
Wait for pullback and buy on the support!Moving average 200 and 100 are in the one point on the price.
We didn't have a pullback for double bottom pattern then it can come back and give us a good position for long.
Western Digital breaking out $70 targetDue to the bullish breakout which is underway, the stock has now moved above quite a few of the analysts estimates, this will force new upgrades or downgrades which could move the stock considerably. We are of the belief that upgrades will follow to help fuel this rally.
AVERAGE ANALYSTS PRICE TARGET $59
AVERAGE ANALYSTS RECOMMENDATION Overweight
COMPANY PROFILE
Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.
WDC, Western Digital Corp. - Breakout on Double BottomNASDAQ:WDC
Clear breakout of the middle peak level of this double bottom.
Excellent Risk Reward considering the Winrate on this pattern.
So, good opportunity to enter Long and follow the trend until it arrives by moving the stops on each retracement.
finance.yahoo.com
WDC now at a triple top with downside divergence on MACDWDC now at a triple top with downside divergence on MACD, its a short week next week but there's room 53.5 sept 6 puts to play out picked up some at 26 cents, in this case holding over the weekend unless we have a final hours strong down. the weekly is at a longer term topping area but no divergence on MACD.
WDC double bottom $76 targetThere is a double bottom which has back-tested twice, and hasn't yet broken out. We appear to be range-bound and it would be good to see the price rise a bit higher to confirm the breakout. If the price breaks past resistance around $57.30, it could present an excellent buying opportunity.
WDC TECHNICAL VIEW EXPECTING FOR SHORTWE SEE CHART PATTERN AND EXPECT IT GO DOWNWARD
WE WILL SELL THE STOCK WHEN PRICE CROSS THE BLOW LINE.
