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Jan 8, 2019 8:44 AM

WDC Approaching Support, Potential Bounce!  Long

Western Digital CorporationNASDAQ

Description

WDC is approaching our first support at 28.27 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 47.52 (horizontal swing high resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
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