kenmoretrading

Possible reversal pattern AMD

Short
NASDAQ:AMD   Advanced Micro Devices Inc
Possible reversal pattern forming on AMD daily chart. 20MA is a long way from the 200MA and stock is extended. A break and retest below 163 with a bearish candle pattern could signal a short entry.

Disagree? Happy to hear comments.
Comment:
Daily chart today sees AMD pulling back as I suspected.
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