Fake out leads to a drop! Lower lows and VWAP

3 Haz 2019

AMD another Home Run trade. When breaking out new highs the price has to sit to the higher levels confirming an area of confluence and stabilization. If it gets back to breakout levels it could then just drop at least retesting VWAP. 29.60 / 29.95 has been an important level on AMD. Touched and heavily sold today 29.62 has been shorted again! Price confirmed the down trend fading off the 13eMA perfectly. First take could have been just at the first time price crossed the 13eMA. Second take at the break of 28$ and one more piece could have been closed at next cross. Last one simply let it go break even. And in this case would have produced another nice movement in our favor closed at 27.50

3 Haz 2019

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