I hope everyone had a great weekend.
AMD. Here is a quick review of a few possibilities and ideas.
I have been tracking this very large ascending channel (black line)
Last Friday, price broke down below the trendline, we can consider a quick retest on smaller time frames (not a strong retest) and price kept on moving lower.
One of my rules to trade breakouts / breakdowns is to wait a full candle close outside a trendline and use that candle's top/bottom as an entry. AMD has not yet done that. (94.30 which would be my entry)
For this week, I will favor the downside as long as price is below this channel.
If you look left, there is some immediate support at around 93.85 (5/12) so this would be the first target. Below that 91.70 and 89.45
If price breaks below 88.40 there is a big chance we test the lows at 82 / 80.
AMD. Here is a quick review of a few possibilities and ideas.
I have been tracking this very large ascending channel (black line)
Last Friday, price broke down below the trendline, we can consider a quick retest on smaller time frames (not a strong retest) and price kept on moving lower.
One of my rules to trade breakouts / breakdowns is to wait a full candle close outside a trendline and use that candle's top/bottom as an entry. AMD has not yet done that. (94.30 which would be my entry)
For this week, I will favor the downside as long as price is below this channel.
If you look left, there is some immediate support at around 93.85 (5/12) so this would be the first target. Below that 91.70 and 89.45
If price breaks below 88.40 there is a big chance we test the lows at 82 / 80.
עסקה פעילה
Make sure to lock in profits
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.