Advanced Micro Devices has a huge V Top formation that is now hovering above the support level of the sideways range from 2017. The Top is a Severe Inverted V Top created by irrational exuberance from a speculative buying frenzy that was not supported by the company’s fundamentals.
AMD stock has peeled off about 50% of its value, which is the typical level at which technical patterns and fundamental values for 2019 coalesce. There may be another sell short run, but this stock now has higher risk for selling short against the potential net run down gains possible. The support from 2017 is strong support. However, many stocks will dig deep into this level of support before any Dark Pool automated orders begin triggering to create bottoms.
AMD stock has peeled off about 50% of its value, which is the typical level at which technical patterns and fundamental values for 2019 coalesce. There may be another sell short run, but this stock now has higher risk for selling short against the potential net run down gains possible. The support from 2017 is strong support. However, many stocks will dig deep into this level of support before any Dark Pool automated orders begin triggering to create bottoms.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.