AMD was trading between pennies and $10.00 a share and has recently broken into the 10+ range on an increase in volume around double what is normal, which is convincing.
A breakthrough from one trading range into the next implies a test of the top of the new range, or measured more, at 20.
There was a rejection at the halfway mark in the range at $15.00 too, but still trending up.
A breakthrough from one trading range into the next implies a test of the top of the new range, or measured more, at 20.
There was a rejection at the halfway mark in the range at $15.00 too, but still trending up.
Note
It seems like the gap up needs to be filled in. Look for support around 13-13.1. I think the tesla news was very good, unlikely to proceed past that by much.Note
I would consider the gap filled.Note
look for top today at $14.00... height of the last pole from the previous flag.
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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.