This appears to be a bounce area for AMD, however I don’t like the change in behavior of the current wave.. it’s a lot more narrow. Price went straight up and straight back down. Lots of red gappy candles.
Upside:Today I’d like to see price play around with 30.00 to 32.00 dollars. It appears price will be moving back up as price is currently oversold and showing bullish divergence.
Downside: Price can overshoot to the down side, looking at around 27.50. A bounce here is good.