A Bottom for WDC Stock?
Western Digital Corp (NASDAQ:WDC) stock has suffered a 68% decline in share price since peaking on December 19, 2014. I can go into 101 fundamental reasons why Western Digital stock has plummeted and why it could rise again, but that's not my objective here. Instead, WDC stock may have the answers some are looking for strictly from a technical analysis perspective.
WDC stock's gains were erased in half the time it took to rise. The trend has been straight downward and embedded. Trends don't reverse overnight, as there is usually some.
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Western Digital Corp (NASDAQ:WDC) stock has suffered a 68% decline in share price since peaking on December 19, 2014. I can go into 101 fundamental reasons why Western Digital stock has plummeted and why it could rise again, but that's not my objective here. Instead, WDC stock may have the answers some are looking for strictly from a technical analysis perspective.
WDC stock's gains were erased in half the time it took to rise. The trend has been straight downward and embedded. Trends don't reverse overnight, as there is usually some.
Den vollständigen Artikel lesen ...