AMD Buy at Demand Zone
Hypothesis: AMD is has had a downtrend since March 2024, but the macro trend since 2020 is upward. The 174 region is a strong demand region with multiple strong rejections and advances from this level. This level is also in the FIB retracement zone.
If 174 doesn't hold, the next level would be ~$95. I'd rather sell then hold through this move to $95.
Action: Buying into the demand region in two increments. each order has a stop limit at 115. Sell at 174.
If 174 doesn't hold, the next level would be ~$95. I'd rather sell then hold through this move to $95.
Action: Buying into the demand region in two increments. each order has a stop limit at 115. Sell at 174.
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