AMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it down to support.
Swing trading wise, I have an order placed to purchase AMD at $52 and am looking to sell at around $90 (close to the 100 MA).
Swing trading wise, I have an order placed to purchase AMD at $52 and am looking to sell at around $90 (close to the 100 MA).
