(WDC) Proactive Strategies

November 20, 2024, 03:28 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WDC

• Buy WDC near 62.49 target 72.39 stop loss @ 62.31 Details

The technical summary data tells us to buy WDC near 62.49 with an upside target of 72.39. This data also tells us to set a stop loss @ 62.31 to protect against excessive loss in case the stock begins to move against the trade. 62.49 is the first level of support below 65.29 , and by rule, any test of support is a buy signal. In this case, support 62.49 would be being tested, so a buy signal would exist.

• Short WDC slightly under 72.39, target 62.49, stop loss @ 72.6 Details

The technical summary data is suggesting a short of WDC as it gets near 72.39 with a downside target of 62.49. We should have a stop loss in place at 72.6though. 72.39 is the first level of resistance above 65.29, and by rule, any test of resistance is a short signal. In this case, if resistance 72.39 is being tested, so a short signal would exist.

Swing Trading Plans for WDC

• Buy WDC slightly over 65.31, target 72.39, Stop Loss @ 65.12 Details

If 65.31 begins to break higher, the technical summary data tells us to buy WDC just slightly over 65.31, with an upside target of 72.39. The data also tells us to set a stop loss @ 65.12 in case the stock turns against the trade. 65.31 is the first level of resistance above 65.29, and by rule, any break above resistance is a buy signal. In this case, 65.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WDC slightly near 65.31, target 62.49, Stop Loss @ 65.5. Details

The technical summary data is suggesting a short of WDC if it tests 65.31 with a downside target of 62.49. We should have a stop loss in place at 65.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WDC

• Buy WDC slightly over 65.36, target 72.39, Stop Loss @ 65.21 Details

If 65.36 begins to break higher, the technical summary data tells us to buy WDC just slightly over 65.36, with an upside target of 72.39. The data also tells us to set a stop loss @ 65.21 in case the stock turns against the trade. 65.36 is the first level of resistance above 65.29, and by rule, any break above resistance is a buy signal. In this case, 65.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WDC slightly near 65.36, target 64.05, Stop Loss @ 65.51. Details

The technical summary data is suggesting a short of WDC if it tests 65.36 with a downside target of 64.05. We should have a stop loss in place at 65.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Western Digital Corporation (WDC) available here: WDC.

WDC Ratings for November 20:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	62.49
P2	64.05	60.69	72.39
P3	65.36	65.31	82.91

AI Generated Signals for WDC

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Don't over think it!  Trading Western Digital Corporation (NYSE: WDC) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WDC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WDC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WDC too.  All of these are offered below the Summary Table.