hcpa

AMD 2019 Bearish trend

Short
NASDAQ:AMD   Advanced Micro Devices Inc

1. Bearish trend in weekly chart:
2. Fibonacci retracement level around $25-27$ reached from previous high in Septembre 2018;
3. Upward trend since the begining of the year losing momentum and volume to back it up to newer hights;

A. To watch recent support level at around $15-$16 for any bounce back or breakout;
B. To watch major support level at around $10 of previous years for a bounce back.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.