ddcakez

AMD Potential PUTS

Short
NASDAQ:AMD   Advanced Micro Devices Inc
AMD displayed a bearish squeeze via the momentum indicator, which leads me to be bearish on the stock but if this is a false signal then it wouldn't be the first time. On July 26 this stock displayed a bearish squeeze to be had, but reversed. I would personally exit positions and await for a reduction in selling momentum since we aren't seeing all the probabilities in our favor if we are choosing to go long.

Bearish Signals
-Squeeze indicator
-Willy Oscillator
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.