WDC has formed very nice cup and handle pattern and started to move higher, breaking resistance zone which is 73.00 on heavy volume. The trading strategy for now is to buy and hold (stop loss 68.00), possibly it will retest the broken resistance. In case of retest I will provide an update.
The TA is exellent for this stock and fundamentals as well, because CHIA...
I have changed up how to best display projected movement. In the case of WDC, 5 of my algorithms signaled a BUY on March 23, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
$WDC just broke the resistance line at $51.56. This is the third time over the past 2 years.
My target is $76 - 40% gain in January 2021.
Entry: $52 , Stop loss: $46,18 at 13 days EMA.
The chart never lies. The trend is your friend until It ends.
#WDC #WesternDigital #BullTrend
I'm a bit scared to make this play, because if this thing breaks out, I lose.
But a backtest is possible, and it might even break the slant support trend line.
Hopefully it pulls back tomorrow, so I sell and leave.
I have a 12/11 $48 put, break even 47.05.
Flat in downtrend and consolidation
Flat, seems correlated with GOLD
Flat, probably consolidation
Do not see clear signs of Uptrend formation.
Also due to bad Earnings all year.
Buy only from 47$
This is a Bullish indicator signaling WDC's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 42 similar cases where WDC's MACD histogram became positive, and 33 of them led to successful outcomes. Odds of Success: 79%. Current price $38.21 crossed the support line at $38.44 and is trading...
I have 45 Western Digital hard drives without any issues in many years. In my opinion Western Digital is the best affordable storage devices company.
8/6/2020 Morgan Stanley Lower Price Target Overweight $63.00 ➝ $58.50
8/6/2020 Wells Fargo & Co Lower Price Target Overweight $60.00 ➝ $55.00
8/6/2020 Bank of America Lower Price Target Buy ...