AMD: peaks and valleys, shrinking runs and resistance, oh my!

Advanced Micro Devices Inc (NASDAQ:AMD)

NASDAQ:AMD Advanced Micro Devices Inc

supportandresistance trendline candlestick amd shrinking run resistance_level profittakingrisk stocks semiconductors

AMD is forming a peaks and valleys trendline pattern which is less common nowadays than in prior decades. One aspect traders need to watch for is shrinking run gains as a stock nears a resistance level. This warns early of profit-taking risk.

Martha Stokes, CMT
www.TechniTrader.Courses

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AMD: peaks and valleys, shrinking runs and resistance, oh my!

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