Looking at AMD, under the scope of the fib retracement tool, it looks like we are getting a rejection off of the 0.236 fib, if we can not close a daily candle above that, I'm expecting a pullback to at least the 0.382 fib level. it would make sense to tumble down to the golden pocket area of which is confluent with old resistance before it broke out. that target being around the 34 dollar range. I am currently short AMD, unless proven otherwise with a concise break up and over the previous ATH. which is unlikely seeing as how far spread the EMA lines are from each other.
