$WDC has fallen out of the lengthy “Go” trend that it was in since May of 2025.
This comes as price moves mostly sideways for the months of February and March. Early this month, we saw price fall to support and GoNoGo Trend paint amber “Go Fish” bars of uncertainty as the market was unsure of the health of the trend. GoNoGo Oscillator even fell into negative territory, telling us that momentum was for the moment out of step with the prior “Go” trend. Price was able to rally that time, and we saw the “Go” trend return. Now, as price falls close to that support level again, we see that the trend has changed. GoNoGo Trend is painting pink “NoGo” bars and GoNoGo Oscillator has once again fallen below zero into negative territory. We know now that momentum is inline with the new “NoGo” trend. We will watch to see if this puts enough downside pressure on price for it to fall to and through the horizontal support level we see on the chart.
