So AMD just closed with a long legged doji. the open and close price are the same. What does this means? It means the sellers and buyers are indecisive.
In a technical perspective, this doji indicates a trend reversal. It's not 100% but according to
https://www.infobrother.com/web/articles/learn-to-trade-candlestick/doji_long_legged.php
It has an accuracy of 57%
This downtrend has been reinforced by the head and shoulders pattern formed on the Daily Chart.
According to research, head and shoulders pattern is a reliable pattern for an impending downtrend.
*This is not a financial advice. Do your own due diligence.
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