Investor Alert: $WDC Nears Fibonacci Retrace Sell Level
Contributor Since 2016
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on VerifiedInvesting.com where they are confirmed for legitimacy by their independent verification system. I've been trading since the 90's.
Shares of Western Digital Corp (WDC) are nearing a pivot resistance level as well as a 50% Fibonacci retrace at the price of $75.00. The stock is currently trading at $71.86. This implies Western Digital still has a little more upside before it becomes a strong sell. Investors who are long the stock should consider selling while investors looking for a great short trade opportunity, should consider initiating a short position.
