teckno05

AMD Short setup $29.8 to $26ish. Fib/Horiz resistance

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teckno05 تم تحديثه   
NASDAQ:AMD   شركة Advanced Micro Devices Inc
Side note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes and keep moving.

This is a self explanatory chart again. We're at the 0.786 fib retracement, and we're at a previous point of resistance from September 05 2018 at $29.94. We just went up almost 12% today, and it looks like a good time to pullback a bit in the next week. My stoploss is $31.
أغلقت الصفقة: تم الوصول للهدف:
Another solid win here. I also reshorted at $29 again on May 28th because I felt the technicals were stronger than the BS news. Closed at 28.

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