Advanced Micro Devices Inc
Short
Updated

AMD Selling Pressure from Major Trendline

434
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.
Trade closed: target reached
One of my best trades of 2018.

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