WDC has taken a beating along with all memory stocks this past month and change. With a high of almost 2x it's current price and earnings around the corner, we might be blessed with an opportunity to cash in.

What I'm seeing is the 4hr has a double bottom chart pattern that has formed with a test of the neckline recently, but a STRONG REJECTION.

What I'm looking for:

a. I'm looking to see if price continues downward to the $430 area in which i'll execute on buying shares firstly. If price holds that area for the third touch of support, I'll be entering calls for the $560 area for a deep swing in anticipation of a retest of the neckline and a potential breakthru and rally.

b. Price continues down and breaks that $430 area in which, I'll be able to buy more shares at a sharper discount than before.

c. Price turns around on good earnings and breaks thru the neckline. For me, I will not Touch the options unless I see a RETEST of that area or until a lower High is marked. This is my least favorable outcome as I only get the opportunity to play calls, and not build long term wealth.