The TD 9 signal has been very reliable for AMD. see previous posts on TD 9 buy signal which called the short term bottom perfectly. The sell signal is also on a fib line acting as resistance, the RSI is overbought, as well as the DJI and S&P are both on 9 sell signals. I believe this is a good opportunity to short or buy puts. AMD is a very retail heavy stock and when it starts heading south it goes south hard as retail investors flee on signs of weakness.
Kommentar:
AMD ran up along with the rest of the market on good china trade news, those kind of events are impossible to predict. But AMD had run up a few days after a 9 in the past and I am still in my short position and added more today I would cover in the 13.40 range and move on if it ran up