AMD approaching Holy Grail BUY on the WEEKLY (Raschke)
Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14) >30 and coming off new highs (higher the better). Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the undesired direction.