Advanced Micro Devices Inc
Long
Updated

AMD: Potential Mid-Term Reversal from Macro Support

821
Price has reached ideal macro support zone: 90-70 within proper proportion and structure for at least a first wave correction to be finished.

Weekly
snapshot

As long as price is holding above this week lows, odds to me are moving towards continuation of the uptrend in coming weeks (and even years).

1h timeframe:
snapshot

Thank you for attention and best of luck to your trading!
Trade active
AMD
Watching closely as price approaches the 170+ macro resistance zone — potential for a top formation ahead of earnings.

Chart:
snapshot


Macro view: snapshot
Trade closed: target reached
AMD Price has reached a key resistance zone where hedging open exposure is advised, especially ahead of earnings.

• Chart: snapshot

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.