Good morning, everyone. While it seems the world is focused on megacaps like AMZN and INTC, I wanted to share a tech short (one among the 70 positions I have) which few people notice: Western Digital. Here’s the long-term chart:
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As you can see, WDC has a knack for creating clean topping patterns and then falling hard. I find this particular sort intriguing due to the major trendline break. Looking closer, you can see that, following this clean trendline failure, WDC spent months crawling back to its now-broken trendline. My view is that we fall from here.
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