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InTheMoneyMike

$AMD Trading Plan. Weekly Head and Shoulders

Short
Advanced Micro Devices Inc (NASDAQ:AMD)  
InTheMoneyMike Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns Technical Indicators AMD
7
3
trendanalysis chartpattern indicator amd
AMD closed below major support for the head and shoulders pattern. We saw a lot of red in the overall markets last week, and I think we'll be seeing some sort of relief rally across broader markets. Be patient and don't chase this trade wait for a retest of that support level.

Comment:
More room to drop. AMD has been getting crushed, currently sitting around $63. Still more downside to come with my target of $59

snapshot
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