WDC trade ideas
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.
WDC longmy WDC which i had been worried about announced AH it won the bid on toshiba chip unit. I think this can be the trigger for it to rallye into tripple digits
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.
WDC on watchWill WDC bounce off the 200 MA or crack below it? We will see next week. Either way can off a nice trade.
WDC BUY BUYWDC is holding at a very interesting volume level, SMA's crossover is not making the stock to go down.
Volume produced by technical investors is being used to grab long positions and ride the upward trend.
That being said..... LONG LONG
Western Digital (WDC). Sell On BreakdownWatch when price would finally breakdown the trendline support.
MACD shows huge divergence with the price.
Risk 115.05/Target 38.70 (highlighted with the dashed lines)
WDCWeekly chart shows more information to us than daily. well known the Western Digital Corporation. The good company in the bull market
$WDC - Monthly / Weekly Wave 3 - Breaking through key fibs soonThe trend is definitely your friend in WDC. 163 price target of extension. Very deep wave 2. Excellent dividend to boot. Could be a game changer added to a long retirement portfolio. Digital media storage is not going anywhere for the foreseeable future as Euclidian Physics still dominates Moores Law. When the Qbit becomes common place - reassess this company. Sandisk purchase resulted in tremendous amount of IP and positions WDC as a leader for next 10 years.
Long We are in a big support area and i think the stock is going to bounce today. The stock breakout of that resistance 2 months ago and the stock gaps up on earnings so that was a strong move but since then the stock did not move that much. There were a little downside move with low volume ( a little correction). The stock finished strong friday with a small lower shadow and no upper shadow so the candle is looking very great for a bounce.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Buy Signal for Western Digital - Marketbreadth is green.MoneyHour$-Breather signals a Buy for WDC - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
$WDC long It has bounced already from support, down side is limited, one can zoom in and find setups for longs RR is good
