WDC: Completing bottom formation ahead of earnings

Western Digital Corporation (NASDAQ:WDC)

NASDAQ:WDC Western Digital Corporation

candlestick trendline volumestudies wdc bottom earnings shiftofsentiment protraders stocks

WDC is completing a bottom formation ahead of its earnings report due out later this month. The bottom has a shift of sentiment pattern seen in volume-based indicators. Candlesticks show pro traders are controlling the stock price as some smaller funds sell out as the bottom completes.

Martha Stokes, CMT
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