Short-Sale Set Up - WDC Follow-Up 6/17/21
| Published: | 17 Jun 2021 11:15 ET |
Despite the rally in the NASDAQ indexes, Western Digital (WDC) continues to break lower. It is now testing the 50-day moving average, which could potentially serve as a near-term area of support. If it cannot hold and breaks below the line, then that would trigger a secondary entry where the 50-day line is then used as a covering guide if the trade reverses. This is a crazy market that, as we like to say, no longer climbs a Wall of Worry, but rather a Wall of WTF. So stay alert!
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