Trade ideas
Crazy trade & Target is $75 $WDC . Crazy trade & Target is $75 $WDC .
#STOCKS #OPTIONS #FUTURES #DOWJONES #BITCOIN #BONDS #HARMONIC #DIVERGENCE #BULLISH #BEARISH #OIL #DOLLAR #GOLD #SILVER #COPPER #TLT
$SPX $SPY $DJIA $DIA $RUT $NDX
$ES_F $NQ_F
$CL_F #BZ_F #NG_F
$SI_F #GC_F #HG_F
#6A_F #6B_F #6E_F #6N_F
$USD $GBP $EUR $CAD $AUD
WDC LongPredicting price to drop slightly more to the targeted area, around $43 before rebounding, with the upper target being around $60. On the weekly, we met the same strong support of $35 in Dec 2018 as we did in 2016. We topped out just under $54 just as we did in the rebound from 2016. After topping in 2016, we pulled back to about $43 before soaring up to about $60. These two levels are acting as our lower and upper targets.
Western Digital. Time to buy?Long-term only. Will try to buy somewhere between $40-50 and hold until $100-110. I saw a good support @ 30's but didn't buy, was waiting for confirmation.
***good long candidate***NASDAQ:WDC Above 1, 2, and 3 day VWAPs. Looks like it will break out of the range. trigger: 49.19
WDC - Inverted Head & Shoulders (Bullish Reversal)?Waiting to Long the break above neckline at 49.20 for an intial H&S target of about $62 (which is also where 38% fib is).
Shall place initial stop loss just below the right shoulder ($47)
50% targetAt least goes back to the 50% mark, but first the $50 area?
There was some nice divergence down at the bottom.
WDC Approaching Support, Potential Bounce! WDC is approaching our first support at 28.27 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 47.52 (horizontal swing high resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
WDC - LongWDC has hit the support line of a 2 1/2 year low. Looking for leaps, or long term equity play.
[WDC] phase 4The price is so below to 30MM, and the RSI is low.
But I had a hypothesis. Can you see the high volume last week? I think all that dynamic in the (positive) price implies that the price's down is over. I think the price is going to recovery and it will start phase 1.
Reversal to bullish soon?MACD shows bullish divergence pattern on daily WDC chart.
Possible reversal to bullish soon?
WDC: Interesting bottom signal, cheap valuation hereThe trend in $WDC might be turning around here. Valuation is really low here, and the chart seems to indicate the weekly decline is over. I like my odds here, risking $4-$5 to the downside, for huge upside potential if the trend in flash memory turns up again.
Cheers,
Ivan Labrie.
Western Digital Corp potential bottomNASDAQ:WDC has formed a hammer after following a multi month sell off. It was followed by a strong bullish candle the next day.
The RSI had not been this low since 2009 showing that this stock is oversold.
This points to a possible bottom and bullish reversal in the coming weeks.
WDC - 08/22Not calling this the bottom, but I do like the "reversal" candle it printed and seems to be finding support over here.
Start Accumulating WDCShares of WDC have fallen precipitously over the past several weeks from north of $100 to around $62-65. However, a look at the weekly chart shows this level to be significant support, as it's 61.8% retracement of the advance from the lows in 2016 to the highs this year. Furthermore, the dashed line shows that this level was also a significant level back in 2013, because it went on to double in price from that breakout point.
Also worth noting is that we formed a bullish hammer last week, and so far this week the bulls seem to have favor. I'd like to see another flush down to $62 to get the RSI in to oversold territory, and I believe we'll get it over the next few weeks.
Data storage is an obvious requirement for life in this day and age, so the threat of extinction seems unlikely. The main threat will be simply keeping up with evolving requirements better than competitors like STX, and to a lesser extent, MU.
I've began buying to accumulate a position, as I expect it to take time to materialize in to a rally. At current levels, you get a 3.1% dividend while you hold it. Plus, at 5.5x 2018's earnings estimates, it's not expensive on a P/E basis, and with a P/S (price/sales) ratio of 0.92, it's not expensive on that basis, either. In short, I like it for a long term play on the ever-growing data business, and now is the time to start buying.
