$AMD - GAPS BELOW...THEY NEED TO BE FILLED

AMD


AMD HAS BEEN TRADED AND CLOSED BELOW THE 200EMA (RED LINE) ON THE DAILY CHART FOR THREE CONSECUTIVE DAYS. I AM CURRENTLY BEARISH ON THE STOCK DUE TO MY ANALYSIS OF WHERE AMD IS AT IN WYCKOFF'S MARKET CYCLE THEORY. I BELIEVE AMD IS CURRENTLY IN THE DISTRIBUTION STAGE AND READY TO HEAD FOR THE MARK DOWN PHASE. TO GO FURHTER, THERE ARE SOME GAPS ON THE DAILY THAT NEED TO BE FILLED. WITH THE 50EMA AND THE 200EMA APPROACHING EACH OTHER, I BELIEVE A DEATH CROSS IS APPROACHING....SIGNALING A SELL OPPORTUNITY.

I AM BEARISH ON AMD UNTIL THOSE GAPS ARE FILLED. LOOK FOR SELLING OPPORTUNITIES.

****JUST A THOUGHT, JUST A TRADE IDEA****


GOOD LUCK,