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...
squeeze of support and resistance means the stock looks to make a move. Been hearing alot of buzz about the new AMD cards that are yet to be announced, could drive the stock up I think.
At close today we had the MACD crossover while the price rested on the bottom of a symmetrical triangle pattern. I could see breaking through the near support lines and falling to $2.90 fairly quickly if we break the bottom of the triangle.
Long on AMD if resistance on $2.90 will be defeated.
Volume has been higher than average recently EMA's are headed sideways. SMA's are headed lower after a large downswing. Stochastics are headed toward a sell signal. RSI is headed sideways. MACD is headed sideways as well. BB are semi squeezing. ADX is headed lower. Shaking out the public and the investors? <--Someone please fill me in!