Hello Traders and Investors, today I will take a look at AMD.
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
Nota
Quick update on AMD:Slowly and steadily AMD is approaching the previous breakout level. Keep in mind that this is a monthly chart so it might take another 3 - 6 weeks until we will be able to trade the confirmed break and retest.
Levels to watch: $117, $160
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Investing.Simplified.
#LONGTERMVISION
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👇🏻Free: SwingTrading-Academy
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.