AMD down - example edition
Just to follow up my long term ideas on AMD / NFLX
Here is a prime example on a lower timeframe to show what happens in these situations on PEPE the "memecoin" now of course you could argue its fundamentals are terrible and thats the reason it crashed, but a chart looks the same no matter the fundamentals, the odds usually play out, nothing guaranteed but I will play the odds every single time.
I think it is quite possible to have a rejection around the 110 area on AMD.
This area had failed to be held and will go back to retest.
WHOOPS - I FORGOT TO ADD THE LINE AT THE MONTHLY CANDLE, but im sure you can see why I am looking for 110 roughly before downside. Could very well just drop from here though.
Here is a prime example on a lower timeframe to show what happens in these situations on PEPE the "memecoin" now of course you could argue its fundamentals are terrible and thats the reason it crashed, but a chart looks the same no matter the fundamentals, the odds usually play out, nothing guaranteed but I will play the odds every single time.
I think it is quite possible to have a rejection around the 110 area on AMD.
This area had failed to be held and will go back to retest.
WHOOPS - I FORGOT TO ADD THE LINE AT THE MONTHLY CANDLE, but im sure you can see why I am looking for 110 roughly before downside. Could very well just drop from here though.
Related publications
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.