AMD bearish reversal candle likely to form on the weekly

8 Haz 2018

After a huge move on the AMD weekly breaking out of monthly lower highs, AMD is now setting up for a bearish reversal candlestick on the weekly. We will look for it to be confirmed next week in order to see healthy weeky consolidation and establish a new level of support in the coming weeks - I am looking to fib numbers to establish likely ranges for support to be establish, as well as the previous resistance on weekly levels.