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
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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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。