AMD looking to end year long consolidation
AMD is looking to end its year long consolidation and look to new horizons.
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
Not
Nice healthy pullback!Not
AMD is giving multiple buying opportunities in the $87 area.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.