WDC has formed a hammer after following a multi month sell off. It was followed by a strong bullish candle the next day. The RSI had not been this low since 2009 showing that this stock is oversold.
This points to a possible bottom and bullish reversal in the coming weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.