From lows of 6.23 back in June '16 ... BB has run 133% ... topping out at 14.55 in Jan '18. Since then it has been in consolidation mode and constructing a bullish falling wedge and retraced all the way to .618 on the Fib. This is a bullish consolidation imo for the start of a new uptrend in this name.
This is a cause for concern if you're long WDC. Had a very nice breakout of consolidation just to get right back into it. Now sitting on support of lower side of flag but also has a bearish 21/50ma cross and below its 200ma on weekly chart. Risk/reward not in favor of bulls imo.
Maybe 2-3 more months of chopping and tightening and off to the races to end the year....these big moves are where the biggest money is made and lost. Gonna try to catch this piggie.
Falling Wedge forming on daily ... this could go hard with rest of cyber security sector.
Bought up from 50dma test and volume is expanding ... potential $200 test next week
Breaking below bearish flag but also has a potential bull flag forming ... which ever way it breaks is new trend ....
$MCD Setting up super nicely for an explosive move .. could use 50dma as a spring board out of this tight pattern
Possible bullish flag/wedge forming on Daily...worth keeping an eye on.
Looks like short term Inverse H/S but do have heavy resistance at 50/200 MA along with bearish 50/200 cross...will be looking to short into a pop above either lines.