Tuesday, June 11, 2019 1:57:18 PM
While average investors were clamoring to buy shares of Advanced Micro Devices (AMD) over the last few days, pro traders noted a major double top on the chart. This signaled a coming pull back which has already begun. Advanced Micro Devices topped out near $34.25, which matched the high pivot from September 13th, 2018. This was the double top. The stock has already pulled back to $32 and will head to a target of $29.75 before completing its downward near-term move. See the chart below.
Gareth Soloway
InTheMoneyStocks
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