AMD bounced nicely off its support at 14.63 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 20.87 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 3.5% where a corresponding rise could occur. A bullish divergence with price has also been identified that contributes to our bullish bias.
Stochastic (55, 5, 3) is bounced off its support at 3.5% where a corresponding rise could occur. A bullish divergence with price has also been identified that contributes to our bullish bias.
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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.