WDC, Technical reversal from low RSI

28 thg 8, 2020

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 stone.

Put call ratio 0.83 , looks good as well .

Good luck ~

1 thg 9, 2020

Ghi chú

I Closed the trade after it touched my profit target and started selling off this morning but bought back in after we seemed to stabilize at $37. I think if WDC closes abouve 17.25 , a key support level , there is a possibility of a continued rally , the higher it can close the better , also pay attention to aftermarket sentiment too . Good luck .

3 thg 9, 2020

Giao dịch được đóng thủ công

Was hoping sentiment would be positive today and we could see another nice green candle but sentiment was not looking so good for tech stocks so I exited .

4 thg 9, 2020

Ghi chú

Keep a close eye on WDC for a potential breakout next week , next move could be a $6 ish gap fill . I am not long or short at this time but I will be ready to re enter depending on next weeks result, would love to catch that gap fill and WDC has consolidated very nicely at the current level for 5 days .

24 thg 9, 2020

Ghi chú

Possible gap fill on this sometime soon , worth setting an alert for ...