AMD on TD 9 sell signal

17 mai 2018

The TD 9 signal has been very reliable for AMD. see previous posts on TD 9 buy signal which called the short term bottom perfectly. The sell signal is also on a fib line acting as resistance, the RSI is overbought, as well as the DJI and S&P are both on 9 sell signals. I believe this is a good opportunity to short or buy puts. AMD is a very retail heavy stock and when it starts heading south it goes south hard as retail investors flee on signs of weakness.

22 mai 2018

Note

AMD ran up along with the rest of the market on good china trade news, those kind of events are impossible to predict. But AMD had run up a few days after a 9 in the past and I am still in my short position and added more today I would cover in the 13.40 range and move on if it ran up