AMD weakness at 100 support level

AMD price is near the critical 100 support level, and the lack of a strong bounce at this level suggests a weakness. Correction down to 85 is very likely within the next 3 weeks. The current P/E ratio is also high given the market conditions.

Disclaimer: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.

Trade closed: target reached:

Closed this position at 85.77 as my profit target was reached.