20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower by $0.25 (1.6 percent) at $13.45 in Monday's session. Most likely, the issue is following the broad market lower.
Over its three previous sessions, the stock has found resistance in a narrow area. After peaking Wednesday at $14.15 and Thursday at $14.11, it peaked Friday at $14.18 and ended that session at $13.70.
After a lower open, AMD continued in that direction until it bottomed at $13.21 and began to rebound. That level comes in just ahead of the pair of lows from March 8 ($13.10) and March 9 ($13.11). Since making that low, it has continued to make new highs for the session, with the current one standing at $13.65.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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