AMD
is currently overbought in the RSI indicator, has a bearish engulfing candle on the daily and has huge volume in the downtrend. This indicates, most likely the downtrend will continue. I have entered a short position in $12.91.
Share your opinion, comments and questions. Good Luck!
Risk Level: Intermediate.
I will keep updating this post.
Trade closed: stop reached:
Stop was reached.