Break resistance and retest ATH
AMD got rejected a couple of times @ the resistance sitting at 87.1, last time yesterday
Since I believe it was temporary due to a tweet that affected the whole market to the downside I entered @ 84.
Next support is @ 83, next resistance as mentioned @87.1. As soon as this breaks a retest of the ATH seems to be possible.
MA 50 & MA 200 are bullish just as MACD. RSI leaves room for the ATH retest.
Entry: 84
TP: 94
SL: 78 (at that point it broke down through the MA50 & the blue trendline)
Since I believe it was temporary due to a tweet that affected the whole market to the downside I entered @ 84.
Next support is @ 83, next resistance as mentioned @87.1. As soon as this breaks a retest of the ATH seems to be possible.
MA 50 & MA 200 are bullish just as MACD. RSI leaves room for the ATH retest.
Entry: 84
TP: 94
SL: 78 (at that point it broke down through the MA50 & the blue trendline)
Note
Critical area, I think if it breaks the trendline he price will move to the 74 area. So readjusted he SL to 80Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.