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...
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
As you can see in my previous publication, we had a great opportunity to enter longs starting the year. Now we have a similarly great opportunity at the end of this correction here, and close to earnings support.
The risk is the earnings report still pending, so start by buying a 0.25-0.5% exposure long, with $5.61 downside risk from here. I wouldn't use a stop...
Rome is not built in 1 day. Time for WDC to take a rest.
The general market is getting tired too.
But don't short this stock though. I rarely short any stocks, let alone a solid company like WDC at a fire sale price as of late. But the market is getting weaker and weaker...
