B. Varchev: NDX, Western Digital – short

Poor sentiment, the shares are suppressed by the fear of failure of trade talks. The index goes out of the bullish uptrend trend channel, with detention outside of it boosting the sale. The NDX (US100) will provide a short drop capability below 7550.

Western Digital – short. Target Target – downgrade to sell by a number of analysts. The price is still below 200 – the average average and we are experiencing a fall below 50 – the period. Detention underneath it opens sales opportunities over the long-term downward trend. Seagate Technology’s threat fundamentally removes bulls from buying WDC shares (WDC.US).

 Trader Martin Nikolov

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