WDC
Context Technical Analysis
The stock of WDC is moving between its 10-day moving average and the upper Bollinger Band for about a month - see the green box.
The stock, however, seems to have lost its momentum in the last sessions – the orange box.
Finally, the price keeps moving above its rising 20- and 50-day moving averages.
Relative Strength
The Relative Strength of WDC is moving up and above its rising 20-day moving average.
Higher Time Frame
From WDC 's weekly chart below, we can see:
· The stock is moving up and above its 20- and 50-week moving average
· The stock in actually moving in a bullish channel between its 10-week moving average and the upper Bollinger Band
· WDC is about to break above the upper blue resistance line
· From the Relative Strength chart, we can see that WDC outperforms our benchmark since November 2020.
Money Management Guidelines
Suggested Buy: 69
Suggested Sell: 64
Suggested Trade Size: 200
For the calculation of the Trade Size above, we suppose that our capital is $100000 and we allow 1% Risk per trade.