Verified Investing on $WDC (Nov 9, 2026)
WDC is oversold — RSI fell below 30 last week and Friday touched the 786 Fibonacci level — and the speaker expects a short-term rebound. Bulls need a break above 303, the long-term uptrend line from the November 21, 2025 low, the decisive factor for near-term upside; he sees that break but likely after several days of consolidation and attempts. Main resistance above lies at the July 31 downtrend line, around 365 to 370.
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Moving on to WDC, the situation is very similar, guys. WDC stock is in oversold territory on the chart here. I'm going to move on to the Relative Strength Index (RSI), and you'll see that we fell below the 30 level just last week.
Today’s rebound, which pushed us up by nearly 9%, has pushed the Relative Strength Index further away from the 30 level, now reaching 34.96.
Now if you zoom out on the chart , you will notice that I used a Fibonacci retracement from this level in October 2025, at this lower pivot point. Then I pulled it down to the nearest upper pivot point.
And by the way, guys, this is something you should definitely pay attention to. The tails of peaks and the tails of troughs are among the easiest things to spot on a chart, and they indicate a very high probability of a downturn if the tails of peaks appear.
If the tails of the bottoms appear, there is a high probability that we will start to rise on the chart.
Look at this on the WDC chart, the daily peak tail here on June 18. So, they both gave us a crest tail signal, and look what happened next. A significant downward movement from $800 to $287 currently.
In the short term, I expect a rebound in WDC stock. We fell completely and touched the 786 Fibonacci retracement level on Friday and have been bouncing back since then.
Now, near- term resistance is not far from WDC. Therefore, WDC stock bulls would like to see the price break above 303. This is the long-term uptrend line taken from the same lower pivot point that was used for the Fibonacci retracement.
This trend line simply connects the lowest pivot point on November 21, 2025, and then I extended that line. That will be the decisive factor for upward price movement in the near term.
I see WDC breaking above the 303 level, but it will likely take several days of consolidation and attempts before it starts to rise.
After that, I see the main WDC resistance as being at the downtrend line taken from a pivot point in July of this year, specifically the peak of July 31. At this trend line will be resistance, somewhere around 365 to 370, depending on when the price action reaches that line.
So, these are the two main resistance levels I see in front of the WDC stock.
What this channel has said about $WDC
Verified Investing has 6 calls on this stock; only the adjacent ones are shown.