AMD short Idea for JulyI will be looking to short this stock and will target 40-60 level . Let me what do you think
Amdshort
AMD TRADE IDEASI'm loving how AMD looks across the board! On the Daily, we have the 200 holding as support at 79, and the 10ma holding it as resistance around 82.56. MACD is starting to show weakness on the D with the histogram fading and losing momentum and it looks as if the MACD line is about to cross below he signal line.
I will look to enter towards the downside if we break below 80, with a target of 78, and a break below there to fill the gap down to 75.
if we see strength with AMD, I will look to enter above 82.80, with targets of 84.20, 86, and 88.20
AMD SHORTAMD has continually tried to break through the resistance line but failed also a Bearish Head And Shoulders Pattern has formed meeting support line and likely to go down
