WDC STOCK CHARTWESTERN 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.
1WDC trade ideas
Long WDC Swing TradeLong position into NASDAQ:WDC today.
RSI shows a lot of strength and MACD has a crossover. Plus: The stock got upgraded today.
I got a little late into this one, but still have a very bullish sentiment with this stock.
Share your opinion, comments and questions. Good Luck!
Risk Level: Moderate.
I will keep updating my position.
Western Digital reversal of downtrendWestern Digital will move up off of multiple bottom support after ten weeks of downward movement within a two standard deviation channel. Recent higher than average volume with stochastics and RSI confirmation. Also Barrons news article with bullish fundamental analysis . Shorts will closeout as more long positions are taken.
Beautiful buy setup on $WDCJust have a little patience and buy the dip. Never ever chase a breakout, always wait for the "good" price. Chasing will result in a loss sooner or later.
This stock is fundamentally on very solid feet and it should hit 115$ 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 has failed.
Trendlines, flags and whatever dont mean anything if the fundamentals don't line up with them.
Blessings to you all and do your own research.
WDC breaking outNews today about Toshiba preferring a bid from Western Digital over its competitors drove this stock up over 4% midday (from -2.5% to up 1.8%) in a matter of minutes. This price action was sustained throughout the day and the daily candle was able to keep above resistance. This heavy volume, in combination with the downward trend being broken, on the price and RSI, & a cross on the MacD could be the start of a large move upwards.
09/05/2017 WDC Long swing/intraday planWDC has been on a strong reversal uptrend bouncing off the 200MA advancing from $82 to $92 from mid to late August under the speculation of Toshiba acquisition. The uptrend endured a minor set back last week when AAPL came into the play to compete with the buyout. However, late in the week, news of collaboration with NINTENDO Switch to make memory unit allow WDC to hold support at $87 and it broke back above $90 closing strong on Friday 09/01/2017. The stock advanced $10 and only retraced to $4 or less which is less than 50% suggesting that the uptrend is intact. The uptrend should continue based on fib and elliot wave theory. For 09/05/2017, here's what to look for. If WDC opens towards $90 support, try to buy on dip near low $90, pre $90.50. The break out above $91 should be significant as it breaks above recent highs for continuation towards $100. For swing traders look for entry near low $90s high $89. If $90 holds for tomorrow, WDC bulls should be very encouraged. Should be good action for day and swing traders for this ticker. If $90 is violated and WDC head towards $87 again, wait.