Western Digital Trading Analysis (05/09/2024)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМА. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator. The breach of 61.40 will give start to the formation of the descending wave structure.
Trading idea:
- Sell on the breach of 61.40.
- Stop-loss at 65.70.
- Price targets at 57.20 and 54.00.
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