WDC High-risk Initial LongWDC High-risk Initial Long. SL and TP on the chart. 10-20x leveraged. Move SL on TP.
WDC trade ideas
$WDC Looking Good But Needs More Time$WDC not in a confirmed stage 2 uptrend so know that but it seems like a NASDAQ stock that has potentially put in a reliable bottom/base.
Something to add to your larger watchlist.
$WDC Breakout 72$$WDC Breakout in 4h Chart on volume above average after consolidation phase - Target 72$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
$WDC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WDC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
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Good buying opportunity in WDCThis can be one of the best opportunities in the stock market for the next 3 months. I think the next target should be the $80 level.
Western Digital Is Fighting the BearsWestern Digital has skidded lower for months, but now the data-storage company seems to be fighting the bears.
The main pattern on today’s chart is the double-bottom around $49.50. Sellers hammered WDC down to that level following the last two quarterly reports, and both times they quickly retreated. That area was also a high in June 2020 and a low in December 2020-January 2021.
Second is the downward-sloping trendline beginning last June. Notice how prices have breached that line in the last few months.
Next, WDC’s series of higher lows since late January has produced a potential ascending triangle.
Fourth, MACD recently turned positive.
Finally, WDC trades for less than 10 times earnings. That could potentially help the stock at a time when investors are wary of higher valuations.
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$WDC $STX $XCHUSDT CHIAI decided to combine block analysis (the Wyckoff distribution method or "smart money" in the people) with Elliot wave analysis and got the following picture.
We are in the plane where wave B is now.
Spring 2020 was Shakeout.
At the moment, Western Digital (probably $STX Seagate) are ready to accelerate significantly (on the background of the rapid growth of CHIA?)
The maximum possible increase in $WDC - up to level 2 (201.98)
Take profit on white fibo levels, because the end of the impulse is unknown.
This paper is ready to explode at any moment (the entire growth of the current year will go into HDD mining (it hits RAM, SSD, HDD and multi-threaded processors).
WDC LongTrendline break
Support Zone
Entry 57
Stop 54
Target 77
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
1/2/22 WDCWestern Digital Corporation ( NASDAQ:WDC )
Sector: Electronic Technology (Computer Peripherals)
Market Capitalization: 20.321B
Current Price: $65.21
Breakout price: $67.25
Buy Zone (Top/Bottom Range): $65.20-$59.90
Price Target: $71.80-$72.90 (1st), $77.00-$78.20 (2nd)
Estimated Duration to Target: 35-41d, 100-110d
Contract of Interest: $WDC 2/18/22 67.5c, $WDC 4/14/22 70c
Trade price as of publish date: $3.25/contract, $3.95/contract
WDC Base Breakout Setting Up This WDC has left its Stage 4 Breakdown
Recently has been in a Stage 1 Base
For now we are keeping an eye for a move up through $60 in time
Bad earnings, continuing downtrend...After an extremely disappointing earnings, the stock fell almost 10% in 1 day. In the next few days we quickly returned to the downtrend, which has been going on for several months. And at the moment I don't think there's any strong upside, so I think at least until the next earnings report the stock will decline further. Short @ $57-58, TP $48-40, SL $61.
WDC Seems to have found a bottomFalling Wedge on the 4H chart
+ MACD curling positive
+ Inverted Hammer and Bullish Engulfing to confirm reverse of downtrend
+ Closed above the 9EMA
+ Bullish option flow
WDC1. Around 52 it acts as a 50% fibo level
2. RSI is already showing divergence
however price can dip to 52 area and then a push higher to 60 area
3. We already see higher volumes which can be a sign of accumulation
Cup and Handle Earnings AMCWDC has earnings this afternoon and is not to long entry level. Trading at earnings can be a crap shoot )o:
Tough to buy around or at earnings day.
No recommendation
The 200 looks good and is sloping up. The 50 does not look so hot and may be trying to cross down through the 100 which would be a bearish cross.
Hard to really look at charts at earnings sometimes as things can change very fast.
I see 3 horrible red candles in purple that began with a bad wick. They are not quite 3 black crows as the bodies do not overlap, but bearish just the same. Sometimes too many red candles in a row can flush out most of the sellers so something to watch. At the bottom we see a spinning top after a small gap down which is a candle of indecision. The string of four candles (3 red, one spinning top) became less bearish because once price hit a certain level, bulls were scratching their heads about letting this go down any lower. Ultimately it did go a bit lower, but not much.
Gapping down on a doji or a spinning top can be a saving grace as gapping down is almost always bearish. Gapping down on a healthy green candle can also be a good thing. When I see a string of bearish candles that lessen in body length and/or become smaller candles like doji's or spinning tops, I watch as the bearishness can be dwindling away. This is called Deliberation and happens on the bullish side as well, or on the way up and candles become smaller or less and less bullish.
A lot depends on where the candle(s) are in the chart to decide whether they are bullish or bearish patterns or candles. Dark cloud cover is much more powerful closer to the top than at the bottom. Dark cloud cover (DCC) consists of a healthy green candle in an uptrend followed by a red candle has it's top over the green candle and closes at least mid way in to the green candle body. Since a red candle opens at the top of the Body and closes at the bottom, which is opposite of a green candle that opens at the bottom and closes at the top, this means price opened higher than the previous day and the bears were able to take price back down inside the green candle day.
The highs and lows of the session are the wicks(tops) and the tails (bottoms) for both green and red candles. Long wicks at the top, especially with little or no tail, can be a warning sign at the top but can even be bullish at the bottom. Long wicks can point to resistance as well and long tails especially at the bottom, can point to support.
No recommendation
For The Win Playing around with some newly discovered indicators & have been learning ways to strategize from these indications.
I am also using indicators I have plenty of experience with.
Let me break down each indicator & then I will discuss my personal strategy for this stock.
Indicators:
I. RSI which is showing price to be underbought
II. Divergence+ shows a green shadow below the candles indicating bullish divergence
III. Knoxville divergence trend line is a divergence indicator that is quicker to spot when the next breakout will be
IV. Visible Range shows that the prime price that the highest trading volume occurs is at 70.97
Prediction:
Friday July 9th price will continue to fall based on bullish divergence not quite being strong enough. Then a new low will be tested and fall deeper into the low trading price range. As price falls below the desirable ( highly traded ) price range, bulls will have control of the price the next trading session and we could enter a bull run lasting up to 2 weeks into the desirable range.
Strategy:
Since the most common traded price is roughly $70 and we are due for a bull run for the week of the 12th, I am going to pick a price between $66 and $70. ( Most likely going to be $68 ) I am going to purchase a $68 Call that expires 7/23 and sell it during the upward price wave during the previous week to take a 20-50% profit.
Feedback:
I would love to hear your feedback/thoughts on my predictions & strategy.
Follow to see this come into play ( or fail ) and like if you are a WDC bull.
WDC: Range breakout.The range resistance level is broken upwards with the minimum target level around 87.
WDC may beform good in julyA speculative entry in WDC, since I await good news from micron, which may push WDC up again.
Target could be new highs, since expected EPS on 29.7 is very high, so the stock should rise now.
