Currently AMD has formed a ascending triangle which can be seen by the higher highs and rejection around $69 in the 4hr, 1hr and 20 min time frames. Over all AMD's primary formation is a descending channel which is seen in the daily chart to the top right. We are nearing our lower trend line in the daily time frame so I am expecting a bounce if we reach the $58-$60 region. However. It's possible that we break $69 and head up to the top trend line of the daily charts descending channel.
The 4hr chart has formed an ascending triangle which is usually a continuation pattern. So there is possibly more down side. However if we break $69 we can go higher. On the other hand it we break the lower trend line of the descending channel $58-$60 is our next target where we can possibly expect a bounce.
Lastly, from a risk to reward perspective there's a 14% difference from our current price around $68 to the lower trend line of the descending channel $59. While there's a 19% difference from our current price around $68 to our top trend line of the daily descending channel $80. The difference between the bottom trend line and top is about 35% to the upside if we bounce of $59 and hit $80.
Currently, I'm shorting at the resistance around the $68 to $69 region and will go long if we break above it with the next resistance above being around $73-$74.
The 4hr chart has formed an ascending triangle which is usually a continuation pattern. So there is possibly more down side. However if we break $69 we can go higher. On the other hand it we break the lower trend line of the descending channel $58-$60 is our next target where we can possibly expect a bounce.
Lastly, from a risk to reward perspective there's a 14% difference from our current price around $68 to the lower trend line of the descending channel $59. While there's a 19% difference from our current price around $68 to our top trend line of the daily descending channel $80. The difference between the bottom trend line and top is about 35% to the upside if we bounce of $59 and hit $80.
Currently, I'm shorting at the resistance around the $68 to $69 region and will go long if we break above it with the next resistance above being around $73-$74.
Not
AMD breaking upward out of Ascending Triangle if we close above $69 next target is $73-$74
Not
False Break out on AMD Down to $64-$65 we go Not
AMD at $64 to $65 region after hours puts will print tomorrow ;)
İşlem aktif
Puts printing
Not
Almost to the $58-$60 region Not
At $60 region ;)
Not
AMD at $59 now at our target region
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.