TradingKey – As of the close on November 3 ET, Western Digital (WDC) gained 2.59% to close at $347.35, hitting an intraday high of $359.98. WDC previously fell 7.41% and 7.52% on October 30 and November 2, respectively, as its stock price pulled back rapidly from near $395 to around $338, indicating strong short-term bearish momentum in the market. Meanwhile, in the previous session’s after-hours trading, WDC pulled back again to around $332, down nearly 5%, showing that downward momentum in the market persists.

WDC daily stock price chart, Source: TradingView

From WDC’s daily chart, the stock price retested the bottom at $330 on November 2 without breaking below it, showing a slight enhancement in short-term bullish momentum that pushed…