AMD looks overbought for now, Possible head & shoulders forming

Mar 8, 2017

AMD overbought. Late feb/early march it had its first impulse move down after a 700% run up over the past year. Time for a correction. Waiting to see how high this correction moves up, then when it starts to come back down, great short opp.

Target 11.00

Mar 10, 2017

Trade active

Mar 15, 2017

Trade active

The shoulder formed a little higher than expected, but as of right now, it looks like it's on its way down. Safe short from here with a stop at the high of the possible shoulder (14.68 STOP)

Mar 15, 2017

Note

Mar 28, 2017

Note

SHORT still going, updated elliott count:

Apr 10, 2017

Trade active

still very short. The shouldnt didnt form as perfect as expected, but chart/EW could still looks quite bearish.