Post
$WDC
Suggested trading strategy
Buy at:
• Current area 475-482 (priority for gradual purchase).
• Or wait for a pullback to 466-470 (strong support).
Take profit:
• Take profit part 1 at 494-500.
• The rest of the target 510 → 530+ (according to the momentum of MA20 and long-term MA).
Stop-loss:
• Place below 460-466 to protect capital (about 3-4% risk).
The R:R ratio is quite attractive (~1:3 or higher if the increase continues).
Risks to be aware of
• The general market (Nasdaq, tech stock) is showing signs of taking profits after a strong rally → which can cause short-term pressure.
• RSI on a higher frame may be overbought → easy to have a deeper adjustment rhythm.
• Macro news (interest rates, trade tensions) can still affect.
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