AMD is currently overbought in the RSI indicator, has a bearish engulfing candle on the daily and has huge volume in the downtrend. This indicates, most likely the downtrend will continue.I have entered a short position in $12.91.
Share your opinion, comments and questions. Good Luck!
Risk Level: Intermediate.
I will keep updating this post.
Trade closed: stop reached
Stop was reached.
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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.