Trade ideas
$WDC Swing Trade Setup in Western Digital
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.
Large gap to fill above, unusual options activityCame 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.
$WDC Gap Fill trade In Western Digital
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.
Falling Wedge Bottom FishingWDC 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
WDC, Technical reversal from low RSII 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 stone.
Put call ratio 0.83 , looks good as well .
Good luck ~
WDC ForecastThis is a forecast about Western Digital Corporation.
Soon I will update this, and aim for a higher TP.
Always open for feedback.
$WDC - Potential long entry above resistance "Area of Hope" Look at the chart to understand the area
Not for any advise
Just an Idea,
Cypher Pattern - Waiting on ConfirmationCharted 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....
WDC Missed earnings an opportunity?Just released a earnings and guided lower. Taking a beating in the after hours. Currently trading at $39. Gap to fill at $35.
WDC WESTERN DIGITAL CORP 68.02% upside potential 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 $61.00 ➝ $52.00
8/6/2020 Robert W. Baird Lower Price Target Outperform $75.00 ➝ $50.00
Market Cap$11.02 billion
Annual Sales$16.74 billion
Net Income$-250,000,000
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
WDC - This is the moment With RSI 30 (oversold) and the support level at 35.50
I think this is good opportunity to buy.
$WDC - I see the Gap below The stock broke the positive trend after the publication of quarterly financial report and may continue to be negative in the near future.
I see the gap below, 34.55$. might be the support area.
Not for any advice,
Just an Idea.
$WDC Western Digital catchup Trade
Possible trade into or post earnings.
Stock has been in consolidation for 4 months and
perhaps earnings could give it the momentum needed to break from this range.
Stock is above the Point of control (POC)
Stochastic is rising and crossed
RSI is uptrending.
Volume has increased.
Stock is a huge laggard within the sector.
Resistance levels should be regarded as possible targets
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Rectangle S TriangleEarnings 8-5 AMC
Considered by many to be a value stock/I think the growth expectations may be what holds this one back..dunno
I have owned it in the past for a nice run..so she can move when she gets going
Swing trading from rectangle boundaries is another idea
I am waiting on volume to pick up a bit
If WDC starts moving I would re-evaluate my targets and extend my targets if it is looking good. Prior high of 72.46 in the past year with an all time high of 114.69. WDC has to break rectangle first I think
Not a recommendation
$WDC primed off low volumeVolume is below average. Sellers getting tired.
Indicators look fine.
Look for breakout toward $50
$WDCAnything above 43.29 is good for long entry, still no confirmation but worth taking chance for next ER
Sideways trends on WDCAnalysis explained:
1. Support zone identified by multiple lows bouncing at the same line, validated by volume profile (at left).
2. Channel identified, confirmed with volume profile (to see this confirmation you must change the chart for 4hrs instead)
3. Check the volume to confirm when the bounce is happening.
Expectations: wait for a new bounce (to buy) or wait for a new breakout, always confirming with volume.
Best Regards,
Roberto
Western Digital Corporation (WDC) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Western Digital Corp (WDC) - WXY wave pattern Western Digital Corp (WDC) is in WXY complex double three correction pattern. Y wave down is in progress and C wave will be going down today. Wave X was under-performing the SPX and so it has better chance to go down very fast.
