Shares of Western Digital Corp. (WDC) surged more than 6 % in early trading Tusday before giving back some gains after the computer hard drive manufacturer said it would spin off its flash memory business.
The decision comes amid lower demand for flash memory chips that has led to a supply glut in recent quarters. Last week, Western Digital abandoned lengthy...
According to our forecast, we are moving now over the first 80W cycle bottom after the great reset in 2020.
We are getting big time into WDC now, expecting the price to go even over 100USD next year, with a safe target of 90 USD
When we proceeded with phasing analysis just around the big dump in March 2020 we saw that a major 56month cycle bottom got aligned with...
I have changed up how to best display projected movement. In the case of WDC, 5 of my algorithms signaled a BUY on March 23, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
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 ...
Good spot for some mid range longs.
Pink area are targets for the longs.
Green zone good spot for entry. Although, if it reaches here, it may pull back further to teal before pushing to target zone. Orange line is stop loss for green zone entry.
Teal zone should be stronger. Red line is stop loss for teal zone entry.
As per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
I share my longterm expectation of this trade.
Memory prices stabilizing. This could bring great gains for this stock in the longterm view.
I am in this trade for a long time. But for those who are not in this trade yet...we got a pinbar on the 4H, which is first good sign for the entry if you still hesitate.
You can also wait for the daily candle confirmation.
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...
