Golden Opportunity for PUTS(AMD)
AMD has rose massively these past couple of weeks but we are finally seeing major signs of a pullback. We are seeing a very strong signal from the VCPI to sell, meaning that AMD's recent uptrend isn't supported by volume. Not only are we seeing indications of a downwards movement on the daily but the 4h timeframe already started to indicate bearishness by crossing to the downwards on the Willy Oscillator without displaying any oversold signals. We have monthly support resting at 99, which would be a great time to exit puts if we see the necessary signals to exit at that time.
Short Signals
-VPCI
-Willy oscillator
-Reducing momentum(4h)
Price Target
-99
Short Signals
-VPCI
-Willy oscillator
-Reducing momentum(4h)
Price Target
-99
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