Bearish Engulfing after overextended rally
AMD put in a bearish engulfing pattern on Friday. This comes after the (over)extended rally.
Nice bet on a reversal, going into the Q4 earnings on Jan 28. Bit more riskier than normal, because we just made a new high. Set a tight stop and don't risk too much!
Nice bet on a reversal, going into the Q4 earnings on Jan 28. Bit more riskier than normal, because we just made a new high. Set a tight stop and don't risk too much!
Trading ditutup secara manual:
Formed bullish engulfing pattern today. Closed trade manually. Short term long trade not reasonable, as we are moving directly into the resistance above the window at 49.40