WDC, Technical reversal from low RSI

28 Ogo 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 Sep 2020

Nota

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 Sep 2020

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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 Sep 2020

Nota

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 Sep 2020

Nota

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