AMD Weekly Inside Bar Watch
Updated
AMD weekly inside bar watch.
Resistance: 40.17
Support: 38.81
Note volume for this week was very low. This could be because of thanksgiving holiday on Thursday and half-day on Friday. Give me an increased in volume and a clear break of this inside bar to give clear direction.
ALSO NOTE every weekly candlestick has been a HL as noted with the green arrows. Break this pattern and expect weekly consolidation.
I am more leaning towards beaks just because of this massive run so fun.
Resistance: 40.17
Support: 38.81
Note volume for this week was very low. This could be because of thanksgiving holiday on Thursday and half-day on Friday. Give me an increased in volume and a clear break of this inside bar to give clear direction.
ALSO NOTE every weekly candlestick has been a HL as noted with the green arrows. Break this pattern and expect weekly consolidation.
I am more leaning towards beaks just because of this massive run so fun.
Comment
We got absolutely faked out on December 3, 2019. We opened with a gap down and bulls took complete control for the whole day.A rule of thumb; when you break a clear support level and don't have follow through, look the other direction.
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