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AMD Earnings Play
As with all unpredictable events, a large position should not be taken. However through observation of the chart it is possible the following scenario will play out.
Rationale:
1. A false breakout followed by a drop back into the channel
2. A longstanding resistance line
3. A support at 2.618 fib and a bounce yesterday
4. A daily stoch negative cross
Rationale:
1. A false breakout followed by a drop back into the channel
2. A longstanding resistance line
3. A support at 2.618 fib and a bounce yesterday
4. A daily stoch negative cross
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