WDC’s Not So Flash Memory

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Western Digital Corp. (WDC) has extended into a key resistance zone following a parabolic advance of more than 100% in recent months. Price action is showing early signs of exhaustion, with momentum flattening near the $104.60 level, which historically served as heavy supply.

This setup aligns with a classic mean-reversion short: shorting into an overextended rally at a confluence of resistance, with a clearly defined support zone below as the target.

Trade Idea:
Entry Rationale (Red Arrow)

Price has tagged $104.60, a resistance cluster reinforced by prior rejection levels.

Exit Strategy (Green Arrow at $88.99)

$88.99 represents a historically confirmed support level.

Penafian

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