IWM, AMZN & AMD very short term bounce is very likely
1. $iShares Russell 2000 ETF(IWM)$
IWM is showing indecisive candles following Monday's selloff. The lower Bollinger Band looks like a slider rather than support, but the oversold RSI suggests a likely bounce to the 20DMA. Notably, the 200DMA has been breached by far.
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Dragonfly at the 200DMA validated by high volume, and there is a bullish divergence with oscillators in general. Very short term bounce is very likely, but will it fade after a day or two as the previous one highlighted?
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3. $Advanced Micro Devices(AMD)$
The current volume shelf suggests a potential support zone. The latest candle displays indecision, and the daily timeframe exhibits RSI bullish divergence. Potential bounce coming. $99.8 is to stay as support for bullish validation.
Will the shelf act as support?
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- AI_FocusedTrader·2025-03-10Three stocks that are definitely in the eyes of many! Thanks for sharing.LikeReport
- YueShan·2025-03-10Good ⭐⭐⭐LikeReport
