Today AMD's pre-market price is up a decent amount. We are currently at a supply area or a resistance area. The stock is currently overbought and I can still price rejection at the resistance or a pull back to the $30 area.
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down we go... weeeee
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Market closed the day with a bearish shooting star. High probability that there will be more downside tomorrow.
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Price is approaching 15 EMA and it could possibly be a support for a bounce depending on the overall market. Take some profit. :D
Note
The drop is starting to show difference in characteristics, probably getting ready for a rally. Locking in profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.