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Feb 14, 2019 9:30 AM

AMD approaching resistance, potential drop!  Short

Advanced Micro Devices, Inc.NASDAQ

Description

AMD is approaching our first resistance at 25.23 (horizontal overlap resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our support at 19.61 (horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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