Short if AMD Cross below 100 for the Target of 85, Next Target 75
Its has M-reversal Pattern.A double top is a pattern for two successive peaks, which may or may not be of the same price levels. The pattern looks like an M. A double top pattern occurs when the stock fails to continue the uptrend in its second attempt as it meets resistance pressure from sellers at its highs. In a market rally, sellers suddenly take control and...
200 week average good long term support. Along with 50%-61.8% of the historical rise. For traders 38.2% of historical rise critical 100 support. next support at 83 and 61 as shown in the chart along the horizontal line. RSI on weekly is falling. New Trend emerge from Oversold and in co-ordination with support of retracement as shown
AMD continues to rip after earninngs. Looking to hold $128 and go long.
$AMD - Long off $106.55 Why: Previous low and 50D SMA Notes: Had really strong day, breaking out of the channel on the daily. Watch any weakness to see if buyers come back on it tomorrow or Friday
I like where this pullback from the highs has shown the ability to hold. It’s just a nice retest of the breakout from the 9 month long base that was built from Dec.’20-Aug’21 as well as the psychological 100 level. Will look for an early wash off the open to snag some in the 103 area where we have the quarterly pivot plus a retest of last Tuesday’s highs.
My Level: Long off $101.25 Why: Prior Quarterly pivot & 65% Fibonacci retrace level Had a really strong day today, closed on highs. Watching it off 100 for a few days or so, if market shows some strength tomorrow I think $AMD might be good for a join around that $101 level
AMD triggered the long for me on Friday but never gave a dip to buy afterwards. So I’m still waiting for that dip. First area I would like to try to get long would be a retest of the trigger at 110. If that area doesn’t hold the next spot I would take my shot is the 20d. If we push strong off the open on Monday then I may look to buy dips and join trend.
NASDAQ:AMD Stock reached All time high and retraced, now reached key resistance level and ready to BO. All levels updated on chart !!!
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary. My paper trading: I will enter above $107 if it sustains My SL 105 Target: As per Risk reward
This chart is only for educational purposes. Please do your due diligence before entering or exiting a stock
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary. Not a recommendation.
This is a good indication of where the stock is taking support and respecting the resistance points. One can go long or short at these signal.
As we see in the two-hour time frame, the price is close to the resistance level of $ 85. If there is a breakdown of the resistance line and the price fixes, it makes sense to take a long time. You need to wait a bit and see how the price will behave. P. S. Never take hasty conclusions and rash decisions. If you like the idea, subscribe and like it. Good luck and...
This is just for educational purpose.
AMD can be bought with stop loss of 86 for target of 92 and once its crosses 92 then trail SL to 90 and wait for target of 98 and 102 with stop of 98.
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