Western Digital Trading Analysis (06/11/2024)
The trend is upward. The stock is trading in the range between 365 and 135. The descending truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The breach of 67.07 will start the formation of the rising wave structure.
Trading idea:
- Buy on the breach of 67.07.
- Stop-loss at 64.96.
- Price targets at 70.40 and 72.70.
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