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!

Trade stängt manuellt:

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