AMD looks overbought for now, Possible head & shoulders forming
AMD overbought. Late feb/early march it had its first impulse move down after a 700% run up over the past year. Time for a correction. Waiting to see how high this correction moves up, then when it starts to come back down, great short opp.
Target 11.00
Target 11.00
Trade active
Trade active
The shoulder formed a little higher than expected, but as of right now, it looks like it's on its way down. Safe short from here with a stop at the high of the possible shoulder (14.68 STOP)
Note
Note
SHORT still going, updated elliott count: Trade active
still very short. The shouldnt didnt form as perfect as expected, but chart/EW could still looks quite bearish. 
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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.