How the (WDC) price action is used to our Advantage
September 27, 2024, 04:44 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WDC
- Buy WDC near 65.11 target 75.25 stop loss @ 64.92 Details
The technical summary data tells us to buy WDC near 65.11 with an upside target of 75.25. This data also tells us to set a stop loss @ 64.92 to protect against excessive loss in case the stock begins to move against the trade. 65.11 is the first level of support below 70.46 , and by rule, any test of support is a buy signal. In this case, support 65.11 would be being tested, so a buy signal would exist.
- Short WDC slightly under 75.25, target 65.11, stop loss @ 75.47 Details
The technical summary data is suggesting a short of WDC as it gets near 75.25 with a downside target of 65.11. We should have a stop loss in place at 75.47though. 75.25 is the first level of resistance above 70.46, and by rule, any test of resistance is a short signal. In this case, if resistance 75.25 is being tested, so a short signal would exist.
Swing Trading Plans for WDC
- Buy WDC slightly over 75.25, target 85.65, Stop Loss @ 75.03 Details
If 75.25 begins to break higher, the technical summary data tells us to buy WDC just slightly over 75.25, with an upside target of 85.65. The data also tells us to set a stop loss @ 75.03 in case the stock turns against the trade. 75.25 is the first level of resistance above 70.46, and by rule, any break above resistance is a buy signal. In this case, 75.25, 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 75.25, target 69.41, Stop Loss @ 75.47. Details
The technical summary data is suggesting a short of WDC if it tests 75.25 with a downside target of 69.41. We should have a stop loss in place at 75.47 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, 75.25, 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 75.25, target 85.65, Stop Loss @ 75.07 Details
If 75.25 begins to break higher, the technical summary data tells us to buy WDC just slightly over 75.25, with an upside target of 85.65. The data also tells us to set a stop loss @ 75.07 in case the stock turns against the trade. 75.25 is the first level of resistance above 70.46, and by rule, any break above resistance is a buy signal. In this case, 75.25, 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 75.25, target 69.92, Stop Loss @ 75.43. Details
The technical summary data is suggesting a short of WDC if it tests 75.25 with a downside target of 69.92. We should have a stop loss in place at 75.43 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, 75.25, 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 September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
65.11 |
| P2 |
67.35 |
66.94 |
75.25 |
| P3 |
69.92 |
69.41 |
85.65 |
AI Generated Signals for WDC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Western Digital Corporation (NYSE: WDC) data table below can help you with price action, and we have more details too. Trading plans for WDC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WDC:
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