UnknownUnicorn2339202

Might Get Ugly...!

Short
UnknownUnicorn2339202 Mis à jour   
NASDAQ:AMD   Advanced Micro Devices Inc
It is the TIME OF INSTABILITY for the world. Imposing tariffs on Chinese goods by the State, revenging back by the Chinese officials, and raising tensions in the Middle East are just some of the headlines that put the world in an utterly unstable situation; And investors are already reacting to this. For AMD, I am bearish and I am waiting for a good short entry point. The stock rejected raising over ~$28.50 and just recently broke below ~$27.00, a level that supported the price for about 10 days. Nevertheless, AMD's trend is still upward since the rapid decline in late 2018. I am guessing the chart pattern is a Heads-and-Shoulders Tops, Complex. The breakout occurs if the price closes below the neckline on the daily chart. This seems likely especially when both MACD and AO are indicating the absence of bullish momentum. The "bulls' back is broken" on daily MACD, but on the hourly chart, a minor bullish momentum is present. For an entry point, if any, I will update the analysis...

Stay tuned!
Transaction en cours
Trade fermée: ordre d’arrêt atteint:
1.3% Loss

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.