Consolidation play
AMD looks like it may be a good consolidation play. I may look to enter short once it reaches the red supply zone I drew. If it does not reach the supply zone and end up breaking out below, I will wait for a pull back up to the consolidation support-turned-resistance line, and short it from there.
For me, this would be a straight technical play because I do not know much about AMD fundamentally. Which, is a little bit outside my realm, because I like to mix technicals with fundamentals. However, an opportunity is an opportunity!
For me, this would be a straight technical play because I do not know much about AMD fundamentally. Which, is a little bit outside my realm, because I like to mix technicals with fundamentals. However, an opportunity is an opportunity!
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