Montlhy Flat in downtrend and consolidation Weekly Flat, seems correlated with GOLD Daily Flat, probably consolidation Do not see clear signs of Uptrend formation. Also due to bad Earnings all year. Buy only from 47$
Equal Volume, Equal RSI, Abrupt Directional Change, (Marabozu Candle). Possibility of 4 month uptrend. If price goes below lower support (34), then idea invalidated.
After Wedge Breakout; Down into demand. Entry 38 Stop 36 Target1 46 reward:risk=4:1 Earning date 10/28 I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
My Notes are on the Chart. There is a GAP on the WDC Daily chart up to $44+ which needs to be filled and with it breaking out of a downtrend (Support on the 38.2 Fib), i am completely BULLISH on WDC. any good news + Guidance will see them hit $45 on or before Friday so i will suggest a 10/30 $45 Strike and if you must hedge, go with a $36 Put. Open Interests are...
WDC is breaking a monthly range at 41,12, and it has been accepting above this price during last two weeks, i am watching to get long at 41,12 to look for 45,12, this company has report on OCT 28 and the high open interest are between 41 -45 for that reason i am targeting 45 zone
Potential entry above $42.60 Gap Fill $44.00
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...
Looking like 42 first level and 46 the second level.
WDC once again found resistance @ $39.00 but seems to be building some momentum. Alert is set for $39.60 with a large 10% gap fill above. Much may depend on MU earnings after the close on Tuesday.
Came up on the unusual options activity scanner and its easy to see why. From the long upper shadow of the candle you can see it tried to move thru the gap but likely followed the market and retreated. Given enough time, over a few sessions and some upward momentum in the market, this may fill to the upside.
Potential Long entry on break above the 50ma. upgrade to buy today. Major gap fill potential in a stock which has underperformed hugely since the market lows in March, 45% off its highs.
WDC had a break down from the S Triangle. Seems to have formed a bottom at 33ish but yearly low is 27.4 A lot of R overhead starting with recent gap down Not a recommendation
I really like low rsi plays but usually prefer to see stocks with low RSI undergo some consolidation before a move up , but we may not get that with WDC. So, that being said watch this closely if you enter . Technicals look good with recent buying volume a nice reversal swing on the RSI . Took a position. Target price is based on fib 0.618 level but is not set in...
This is a forecast about Western Digital Corporation. Soon I will update this, and aim for a higher TP. Always open for feedback.
Look at the chart to understand the area Not for any advise Just an Idea,
Charted several Cypher Patterns previous, pattern was rejected when Pandemic took effect. Another pattern has come to fruition. It may drop lower but if it breaks $35.00 it may be on it's way back to $50-$60. Being patient....
Just released a earnings and guided lower. Taking a beating in the after hours. Currently trading at $39. Gap to fill at $35.