A rough few days for the investors with long positions. Today AMD is finding support on a historical support level (marked with the rectangles ~$2.25).
I won't mark this chart "long", but I'll be watching AMD to break through the 2.65 resistance before considering a long position personally.
I've circled the most recent RSI entrances into the <30 oversold zones, last time Jan. 16th 2015, we rallied until Feb. 5th. (20 days)
The next area of historical support appears to be $1.84 to me if $2.25 breaks
PS: I checked the Fib. retracement and fan and it didn't seem as helpful as historical S&R in this case
I won't mark this chart "long", but I'll be watching AMD to break through the 2.65 resistance before considering a long position personally.
I've circled the most recent RSI entrances into the <30 oversold zones, last time Jan. 16th 2015, we rallied until Feb. 5th. (20 days)
The next area of historical support appears to be $1.84 to me if $2.25 breaks
PS: I checked the Fib. retracement and fan and it didn't seem as helpful as historical S&R in this case