Trade ideas
$WDC Western Digital Bullish Trendline Breakout Imminent
WDC is a major laggard among the SMH and may offer a nice catchup trade opportunity.
Alert set on major downtrend from the 2014 high.
Major drop in volume resistance .
Massive Multi-year breakout just happenedWDC resolving out of the wedge to the upside. Stop is pretty clear in the low to mid-50s if it broke back under the triangle.
A good DIAMOND pattern in #WDC As you see on the chart a good breakout happen of the DIAMOND pattern, with a good volume
Good luck
WDCBroke out of resistance zone and looks to be holding support. Might be the start of a new trend. We will see
Breakout - Western Digital - Long term Bulltrend$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
WDC - Possible Pullback, Short Term Put GambleI'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 $48 put, break even 47.05.
#WDC Looking for support to retest 48.15#WDC Looking for support to retest 48.15
These are a few of the critical points im looking at for #WDC to retest at 48.15
Not sure if we will find support on that longer term trend line, but i would expect new support to be found at the circled area where we have multiple ideas colliding.
Id likely stop out to reenter below 45.97
The 46.56 area should help with support
If we fall out id look for a reentry around 44.47
or possibly further down near 43.20 and the intersection of the bottom of the paralell channel if it were to trend that far.
Western Digital wait for flat finish at 47Montlhy
Flat in downtrend and consolidation
Weekly
Flat, seems correlated with GOLD
Daily
Flat, probably consolidation
Do not see clear signs of Uptrend formation.
Also due to bad Earnings all year.
Buy only from 47$
WDC - Possibility of Strong Reversal and UptrendEqual Volume, Equal RSI, Abrupt Directional Change, (Marabozu Candle).
Possibility of 4 month uptrend.
If price goes below lower support (34), then idea invalidated.
WDC Long at DemandAfter 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.
WDC Bullish Into EarningsMy 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 Mad there for both. Plus,. it is super cheap. These are my Yolo (Possible 400%+ plays).
For safety, play the 10/30 $42 Call and if you wish to Hedge, then use a $38.5 Put (Possible 100%+ Plays).
WDC 10-22-20 Swing ideaWDC 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
