AMD Selling Pressure from Major Trendline
Updated
AMD is currently battling an 18 year old trendline on the weekly chart that is proving to be quite the resistance. The RSI is also showing that it's severely overbought.
This would be an excellent position for a low risk high reward short.
This would be an excellent position for a low risk high reward short.
Trade closed: target reached
One of my best trades of 2018.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.