WHY:
- AMD dipped out of the channel at the end of Friday, this channel has held its weight for the past month, looking for a bounce up
- AMD FINALLY showed movement on Friday after consolidating in the channel the past few weeks, BIG movement down often is followed by BIG movement up
- RSI dipped below 30 on the hourly, which it has done the past few times it has resulted in a rocket upwards
IDEA:
I believe AMD will open Monday going lower towards 49 and bounce upwards on huge volume, be patient and wait for the chart to show you
Be careful!! With all of the news coming out regarding COVID cases spikes, if fear really sets in we could see a larger drop, I predict this won't happen thouogh.
Have a great weekend!
- AMD dipped out of the channel at the end of Friday, this channel has held its weight for the past month, looking for a bounce up
- AMD FINALLY showed movement on Friday after consolidating in the channel the past few weeks, BIG movement down often is followed by BIG movement up
- RSI dipped below 30 on the hourly, which it has done the past few times it has resulted in a rocket upwards
IDEA:
I believe AMD will open Monday going lower towards 49 and bounce upwards on huge volume, be patient and wait for the chart to show you
Be careful!! With all of the news coming out regarding COVID cases spikes, if fear really sets in we could see a larger drop, I predict this won't happen thouogh.
Have a great weekend!