Sell signal on the fence after the bounce
Western Digital jumps 8.1% as the second week says it's time to exit
Sell signal on the fence after the bounce
Our view last week
Western Digital enters a fresh sell signal in week 1: the week just closed down 8.1%. The setup stays intermediate bearish, with signal strength at 55 out of 100 — an isolated drop rather than a structured trend — and the stock ranks 121st among 137 US sell signals. Trading not recommended per our model.
This week's summary
Western Digital bounces 8.1% this week, all but wiping out the prior week's drop: the daily chart shows a clean double bottom in the 500 area, with a 64% intermediate rebound. This is the sell signal's confirmation week, and it closed higher: for anyone already short, our model suggests exiting. Western Digital stock stays under weekly watch regardless, with fresh entries high-risk here.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
44
ordinary
Signal Strength
31
decline losing steam
Sizing
REDUCED
Ranking
#39 / 137
US stocks sell signals
Trade P&L %
-8.09%
from signal to today
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