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Advanced Micro Devices Inc
Short
Mar 31, 2020
AMD Short
8
Grab this chart
Grab this chart
So everyone is calling longs, ill be one to call in short. At hind sight this looks like a mess but lets break it up:
1.) Ichimoku indicator:
a.) the lagging line is really behind the trend, and not confluence with it at all which means that there is momentum right now
*b.) the trend is breaking down from the cloud and the leading green line has reversed and crossed the red line
*c.) the 9ma is crossing the 26ma
2.) Fib Retracement
*a.) If we break the purple rectangle, which is an important support we can potentially free fall to the likes of $39
Eternal_Salsa
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Beyond Technical Analysis
Technical Indicators
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