Advanced Micro Devices IncViés de baixa
AMD now bearish, thanks to 200MA breach.
Greetings Investors,
AMD, per TA, turned bearish yesterday when it closed below the 200MA (yellow). AMD will likely fill the GAPs on the chart and likely head toward the target based on the rounding top pattern. I will exit my LONG positions and take up SHORT positions on a retrace to the upside, with the expectation that AMD will correct lower. Right now $74 support is valid, until it's invalidated.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
AMD, per TA, turned bearish yesterday when it closed below the 200MA (yellow). AMD will likely fill the GAPs on the chart and likely head toward the target based on the rounding top pattern. I will exit my LONG positions and take up SHORT positions on a retrace to the upside, with the expectation that AMD will correct lower. Right now $74 support is valid, until it's invalidated.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
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