AMD Overextended heading into Resistance
AMD has been on a tear lately, but we are now extended and expanded pretty good now. Weekly resistance sits around 122, so I wouldn't be surprised if AMD has a price correction here soon.
I have a side by side comparison with the weekly and Daily chart. With the weekly showing a nice 3 week run after the bounce.
I have support around 112. If price pulls back there and begins to turn, I will be looking to grab a contract or two. Until then. I'll be watching, but AMD is too overextended right now on the Daily Chart.
I have a side by side comparison with the weekly and Daily chart. With the weekly showing a nice 3 week run after the bounce.
I have support around 112. If price pulls back there and begins to turn, I will be looking to grab a contract or two. Until then. I'll be watching, but AMD is too overextended right now on the Daily Chart.