AMD may recover to $104
AMD showed strength bouncing from 83.76 support level. Stochastic RSI (StochRSI) raising from oversold and RSI 14 should be above 50 on Monday, VAPI also already improving. Ascending channel forming, with target above $104.Disclaimer: This is my private opinion. The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
Trade closed: target reached
Closing the position earlier with profit because of possible reversal of SPX. The ascending channel was correctly identified and it provided support as expected.
My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
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.
My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
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.