Western Digital

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Western Digital (WDC): Dark Cloud Cover short-term pattern has been confirmed

Western Digital (WDC): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Western Digital has formed a new bearish Dark Cloud Cover reversal pattern. This means, WDC has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Daily trading performance for WDC has initiated a short term downtrend

[BEARISH]: Western Digitalsellers are keener than buyers and are driving the price down. This is the first day of price decline for WDC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.8 & the greatest daily negative change this year has been -52.8. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -63.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -2.500000%

Positive divergence for Western Digital @ 0.2

Positive divergence for Western Digital @ 0.2

[BULLISH]: Western Digital current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.2. Western Digital (NASDAQ:WDC) received a confirmed CMF crossover days on the Jul 8 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.23 occurring on the Jul 8 2019.

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