Amd - 
AMD - is preparing a major rally:
(click chart above to see the in depth analysis👆🏻)
Levels to watch: $100, $300
Keep your long term vision!
Philip (BasicTrading)
AMD - is preparing a major rally:(click chart above to see the in depth analysis👆🏻)
It has - once again - not been unexpected at all that we now see a major reversal rally on Amd. After the harsh drop of about -65%, Amd retested a significant confluence of support and already created bullish confirmation. It is quite likely that this now starts the next bullrun.
Levels to watch: $100, $300
Keep your long term vision!
Philip (BasicTrading)
Trade active
Amd - AMD - perfectly reversed right here:(click chart above to see the in depth analysis👆🏻)
Just after Amd perfectly retested a major previous horizontal structure, we are now seeing the textbook bullish rejection higher. Just like all major tech stocks, Amd created a substantial bottom and the bullrun continuation is quite likely to follow.
Levels to watch: $300
Keep your long term vision!
Philip (BasicTrading)
Trade closed: target reached
Amd - AMD - will just head much higher:(click chart above to see the in depth analysis👆🏻)
It seems rather unusual to call a reversal rally of about +200% on any given stock, but Amd is clearly different. The overall uptrend remains valid, we saw the creation of bullish confirmation and the next clear resistance area is simply the previous all time high.
Levels to watch: $300
Keep your long term vision!
Philip (BasicTrading)
Keep your long term vision!
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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.
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.