AMD possible rejection at $79 to $82.50
Updated
AMD bounced off its long term support of $72 and is current retesting a resistances of $79 if it breaks past this point I expect AMD to reach $82.50 and continue downward.
When looking at the daily and 1hr chart you can see that AMD was previously in a broadening wedge formation where it broke it's support of $79-$80 this price action looks to be a retest for a possible short opportunity.
When looking at the daily and 1hr chart you can see that AMD was previously in a broadening wedge formation where it broke it's support of $79-$80 this price action looks to be a retest for a possible short opportunity.
Note
AMD is currently being rejected at the resistance of $79
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