AI
Sunday, April 28, 2019 3:25:33 PM
Compensated Awareness Post View
Disclaimer
Western Digital breakout has failed, blame Intel
We have not given up hope on WDC even though the recent break above resistance soon reversed as the SMH tumbled due a very weak outlook by INTEL . Monday there is also earnings from NXP, while AMD reports Tuesday so maybe we will find that Intel's weak guidance is company specific, if so the rally will resume. WDC has lagged the sector since December still well below the $110 from march 2018.
We have not given up hope on WDC even though the recent break above resistance soon reversed as the SMH tumbled due a very weak outlook by INTEL . Monday there is also earnings from NXP, while AMD reports Tuesday so maybe we will find that Intel's weak guidance is company specific, if so the rally will resume. WDC has lagged the sector since December still well below the $110 from march 2018.
