XMD 0.47% 10,302 s&p/asx midcap 50

The Big Boys, page-931

  1. 16,642 Posts.
    lightbulb Created with Sketch. 1291

    yep, good pick up...it certainly looks vulnerable, with almost no really bullish bars since early march 2017, just a series of questionable or weak bars that imply selling pressure. Looks like someone, or some group, is unloading a fairly large position, and that weakness will most likely include setting new short position to ride the downside once it is complete.
    AMD 130917.png


    There was a daily short entry in August and again in early September when it proved unable to regain the 13.15 level, so you could already be short.
    The next level below is @11.88 if it breaks down through that and closes clearly below, then shows it cannot regain the level again.
    Daily chart
    AMD 130917 1.png
    cheers
 
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