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Red Redemption: AMD Signals Bearish Reversal!

Short
Advanced Micro Devices Inc (BATS:AMD)  
ClearTradingMind  
BATS:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns Technical Indicators Contains image
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The AMD (Advanced Micro Devices Inc.) 1-hour chart shows that the price broke out above the 200 moving average, and now it's testing the HL (162.00) level. These breakouts could lead to a more significant downward trend. I expect some bearish action, and the area below the moving average should act as a strong resistance level for the price.
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