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alexgrover
Mar 31, 2020 4:57 PM

Potential Reversal [AMD] Short

Advanced Micro Devices, Inc.NASDAQ

Description

AMD has show'n declining volume peaks since its major gap on mar 24, which signals that the excitement and activity has fallen, leading to a potential reversal in price, divergence with various oscillators (On the graph TRIX) are also presents and support the hypothesis of a reversal. Could the major gap be filled ? thats another question.



The reversal points indicators (an old indicator i posted long ago) however don't predict a reversal at the moment but could in the future.

When i fight with numbers or not so well behaved scripts, i like making analysis, but i'am learning you know ? Leave your comments if you see flaws in my analysis.
Comments
coininvestor
Nice work!
alexgrover
@coininvestor, Thx for the support :)
jakepuciato1
I totally agree. Here is my published chart from the 30th. We are seeing the same stuff.
DanielMinchev
Alex be careful with using this volumes here they are only on BYX exchange and at the end of each day there are big MOC orders.
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