AMD Pt 2 (Still in a Bull Flag Channel)

AMD is still firmly planted in the bull flag channel, trying to break out and repeatedly poking the descending trendline. A failure to breakout would mean a 3 falling peaks bearish scenario and retreat to the low 80s. This will resolve within the next few days. (no position : neutral bias)

Comment:

Lost the 50DMA today. We'll know if it was a bear trap over the next 2-3 days trading or a signal of a breakdown to come.

Still watching & patiently waiting for clear signs of a reversal or a few days of the stock showing some sort of bottoming/basing pattern.