Western Digital Corp Stock Code WDC.NAS
Outlook
Price tested the cloud but was capped by the lower edge of the cloud, keeping the bearish price trend intact. In the previous trading session, price also broke below a mini Double top chart pattern just below the cloud with a gap, highlighting a strong bearish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bearish and could be turning down from the zero line, hinting at a bearish price trend. We think price is likely to move lower to the previous low at $41.80 in the next 2-3 weeks.
Strategy
$47.10 Sell
$41.80 Price Target
$49.80 Risk Management Stop
3 weeks Trade Duration
