With a close above previous 20 WEEK lows AMD has set up a power reversal pattern on the WEEKLY chart. Stop = prior 20 week lows (9.70).
Note
Emphasizing that this trade is cancelled below 9.70.Note
As AMD rises out of the monthly bullflag (see prior post) caution at key pivot 15.65 (previous weekly high). This would set up a Turtle Soup Sell on the WEEKLY chart. Same rules. Note: Key pivots are often traded through repeatedly.Note
AMD monthly bullflag objective met (x=y). A close below 27.30 sets up a turtle soup sell on the weekly.
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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.