Why I'm bull on AMD

15 Oca 2021

Taking a look at the previous breakout the accumulation before the breakout was 81 bars, were currently about to reach this number and I believe the chart is also setting up for it. AMD has been consolidating since December and is looking to breakout. We are reaching valuable price levels as buyers have yet to let it drop below $89. RSI n chart showing bullish divergence to serve as more confluence. Good risk to reward ratio.
PT:$97-$100
SL:88:00