WHY: - AMD dipped out of the channel at the end of Friday, this channel has held its weight for the past month, looking for a bounce up - AMD FINALLY showed movement on Friday after consolidating in the channel the past few weeks, BIG movement down often is followed by BIG movement up - RSI dipped below 30 on the hourly, which it has done the past few times it has...
Such a tricky short opportunity, price moves so wide but important to focus on the BIG PICTURE... - Hourly RSI is FINALLY starting to show downward movement - Is so parabollically detached from the 200MA it is ridiculous , the short opportunity is coming this next week I believe .. - SPOT likes to Pump/Drill one way for the first hour of trading and then choose...
WHY: - RSI is high - Shooting star price action - Just went on a crazy run, needs to cool off before moving higher
WHY: - RSI at 70, market starting to take a breather - Will drop down to 200 SMA then bounce back up going into earnings .. will buy at 340 and target 360
WHY: - RSI is above 70 yet again - Have given some time since earnings, time for it to come back to reality
WHY? : - Notice how it broke below the EMA and reemerged (BULLISH) - RSI at 50 (Not overbought nor oversold, healthy) - We are in a Bullish period of time, over all market continues to push up