Take advantage of a potential rebound.

There is a strong buyer consensus whose average target price display a +34% potential. The firm is attractive because of its good earnings quality and its profitability. As indicators show, the stock is in an oversold situation.

The share keeps a neutral trend in the mid-term but in the short term, the tendency is more bearish. It is due to profit takings in the USD 99.3 area, which brought the stock back on the USD 85.9 support. The nearby USD 83.7 threshold give credit to this area to act as a stepping stone for an upcoming surge.

Therefore, the proximity of the present support area is an opportunity to open a long position in Western Digital. The first goal is a return in the USD 91 pivot point. A stop loss order can be placed under the support currently tested.