AMD Setting up for another corrective move
Updated
AMD is quite a mixedup genius lately and right now preparing for another leg down.
- SPY / QQQ and broader market is currently setting up for an atleast smaller correction. A bigger correction is possible (the case if brexit discussion leads to more confusion etc etc.)
- If correction would come to the whole market AMD is a great tool to short downwards since it has seen a big positive corrective move lately.
- Chart is 15min. So this is really only a day trade to swing trade but expandable with pulling the SL properly to the downside. Be aware though that AMD is really volatile.
- Drawings in the chart really just copied from left to right
- Target zone for short in the chart / We are just right now within the projected target zone!
- Always have a SL with AMD ;-)
GL
- SPY / QQQ and broader market is currently setting up for an atleast smaller correction. A bigger correction is possible (the case if brexit discussion leads to more confusion etc etc.)
- If correction would come to the whole market AMD is a great tool to short downwards since it has seen a big positive corrective move lately.
- Chart is 15min. So this is really only a day trade to swing trade but expandable with pulling the SL properly to the downside. Be aware though that AMD is really volatile.
- Drawings in the chart really just copied from left to right
- Target zone for short in the chart / We are just right now within the projected target zone!
- Always have a SL with AMD ;-)
GL
Note
Better Chart.This is right now!
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