$AMD Short Thesis
Updated
Today AMD's pre-market price is up a decent amount. We are currently at a supply area or a resistance area. The stock is currently overbought and I can still price rejection at the resistance or a pull back to the $30 area.
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down we go... weeeee
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Market closed the day with a bearish shooting star. High probability that there will be more downside tomorrow.
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Price is approaching 15 EMA and it could possibly be a support for a bounce depending on the overall market. Take some profit. :D
Note
The drop is starting to show difference in characteristics, probably getting ready for a rally. Locking in profits.
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