$Advanced Micro Devices(AMD)$ ... Holding a short from 182$. It is just 20% of the money reserved for the trade.
I read from the chart all the good signs for down:
= the bulls trapped and cant believe it is going down, they are sitting in the move of 22-feb-2024. Bulls don't close already red longs.
= the bears have been disappointed 22 and 23-feb
= I was not given a chance to load position properly (=a good sign)
= $NVIDIA Corp(NVDA)$ (pair influencing this "asset") seems to start a correction finally (was lucky to short from 818).
= Wyckoff reversal
The main scenario is continuation down and enjoy the ride with 20% to well outside the range. If it jumps Monday to 178 I will consider increasing position a bit.
(Should the bitch go up again over 183 I load the position as described on 23 feb.)
AMD: AMD looks like Wyckoff reversal.
Technical Analysis
Here is the place for you to discuss & learn about technical analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments