Amd (
AMD) is about to retest massive support:
Click chart above to see the detailed analysis👆🏻
For about 5 years Amd has been trading in a decent rising channel formation. That's exactly the reason for why we saw the harsh drop starting in the beginning of 2024. But as we are speaking, Amd is about to retest a massive confluence of support which could lead to a beautiful reversal.
Levels to watch: $100
Keep your long term vision,
Philip (BasicTrading)
AMD) is about to retest massive support:Click chart above to see the detailed analysis👆🏻
For about 5 years Amd has been trading in a decent rising channel formation. That's exactly the reason for why we saw the harsh drop starting in the beginning of 2024. But as we are speaking, Amd is about to retest a massive confluence of support which could lead to a beautiful reversal.
Levels to watch: $100
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Amd (AMD):Click chart above to see the detailed analysis👆🏻
Just as we are speaking, Amd is perfectly retesting a confluence of support after dropping about -60% over the past couple of months. Quite likely that it takes some time to relieve all of the bearish pressure but then a move higher would be the next natural reaction.
Levels to watch: $100
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Amd (AMD):Click chart above to see the detailed analysis👆🏻
Psychology, market structure and price action is all coming together at the current support area. After a drop of -60% it will certainly take some time before we will see a bullish reversal but it is important that Amd now manages to hold the strong support level.
Levels to watch: $100
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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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.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
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.