Western Digital is below its 200-day moving average after a red dog reversal top, a move lower and a big consolidation; the chart is rolling over, which is concerning. For a trader this is not the place to be now, though it was the place to be in the spring.
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Because you're getting some hints from other things like look at SanDisk. SanDisk below the 50-day. If SanDisk is below the 50-day, why are you going to have so much MU, you know, breaking the 8 and 21 day and Western Digital that moved with this group in the spring is below the 200 day?
So, if you go to Western Digital, it's below the 200 day. Here is your red dog reversal top. Here is your, you know, move lower. And and like big consolidation. This is rolling over.
That's that's a little concerning for you know for that you know for Western Digital itself. Maybe if you've been in Western Digital for 2 years you don't care but if you're a trader this is not the place to be now. It was the place to be in the spring not now.
What this channel has said about $WDC
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