jwensil

AMD - Possible piercing line pattern

BATS:AMD   Advanced Micro Devices Inc
239 4 0
AMD             chart remains intact for today. Waiting for confirmation of reversal before adding to position.
No problem. Good luck. I am already in too deep to get out. Gonna sell if goes below the next major resistane of 3.41.
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I thought a piercing line had to close into the body of the previous candle...Not lower than the previous candle.
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jwensil octradr
Bah... good catch. I looked at the chart wrong. That's what I get for doing charts so early before having my coffee. With that being said, I would use the squeeze play and set a tight stop (if opening a new position). Thanks again for the catch on this.
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Another way to play this is with a squeeze play. With a squeeze play I would set my stop @ $3.57.
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