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AMD- Another rejection of VMA

Advanced Micro Devices Inc (NASDAQ:AMD)  
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NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns AMD semis
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trendanalysis chartpattern amd semis
  • Candle yet to close, but price seems to reject 60 Day VMA (or 50 SMA if you prefer)
  • Volume profile has been really constructive, so I wouldn't be quick to short this.
  • if it can build above 94, still have a good chance for breakout. Short case would be weak action to test the trendline and hard rejection there would set this up for new low.

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