AMD Recent price action / Mnuchin Hearing

Eman posted on 05/18/17 at 11:59 AM

The green candle on today's action is promising with a range of about 10.80 - 11.48. Right now price is coming off the 11.48 a bit within the range on a 1 minute chart, but should find support and could move higher as the price is very near the 9 and 15 day moving averages on the 3 month chart. 12.28 is yet again a target to breach to the upside which is the 65 day moving average. 11.35 is around what the 9 day is and and 11.54 is about what the 15 day moving is at. Mnuchin Hearing - wow; he is getting grilled by Senators now; Highlights: China still on currency watch list and 'Banks are not too big to fail right now'. Some of the hearing is discussing tax code and agenda going for. Relief to come for community banks.
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Posted by Eman on 05/18/17 at 11:59 AM

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