WDC, Technical reversal from low RSI

28 ago 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 set 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 set 2020

Trade chiuso manualmente

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 set 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 set 2020

Nota

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