AMD - Nice downward potential from $12.96 to $10.33

9 mar 2017

AMD crossed below EMA lines after a good upward run. It has moneyflow divergence. Now it seems testing its overhead resistance from beneath, and we think it will fail to cross above & decline from here.

* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why-Upward channel breakdown
Entry Target Criteria- Break of $12.96
Exit Target Criteria- $13.77
Stop Loss Criteria- $10.33

Please check back for Trade updates. (Note: Trade update is little delayed here.)

16 mar 2017

Nota

March 10th - Reversed from the lower channel line & Trading within the channel. Waiting for the breakout.

March 14th - Seams forming a Head and shoulder formation, wait and see!