AMD,thoughts
AMD looks very interesting for me. Here are my thoughts:
This stock has been creating a base, a solid one and has defeated the loss after their earnings report. The uptrend looks solid since March 19th.
The daily chart shows a great momentum with the price going higher. An RSI of 55 and above the 20, 50, 100, 200 SMAs.
I do think the price should be in the "second level and it shouldn't retest below the 81.
The weekly chart shows a price rising above the 10 SMA and a nice cup pattern and a healthy uptrend.
A nice long position should take place above the second level and having the 10 SMA or 81.47 to 80 as a stop loss.
Another good thing about AMD is that this stock is a darling of ins
This stock has been creating a base, a solid one and has defeated the loss after their earnings report. The uptrend looks solid since March 19th.
The daily chart shows a great momentum with the price going higher. An RSI of 55 and above the 20, 50, 100, 200 SMAs.
I do think the price should be in the "second level and it shouldn't retest below the 81.
The weekly chart shows a price rising above the 10 SMA and a nice cup pattern and a healthy uptrend.
A nice long position should take place above the second level and having the 10 SMA or 81.47 to 80 as a stop loss.
Another good thing about AMD is that this stock is a darling of ins
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