AMD Minor Update, Long above 106.82 minor high !

As mentioned in previous related idea , AMD just needs a minor update and analysis is still valid generally. Here I suggest you the trade set up:

Position: Long
Entry point : Taking out 106.82 minor high
Stop loss : 99.5
First target: 128
Reward to Risk : around 3

See the related link if you are interested to be informed about details.

Good luck every one.

Trade attivo

Commento:

We always trade objectively and stick to our stop loss. Market is the one who chooses the path and we are the one to follow.

Commento:

Never stopped out and it seems to bs on the way to the target.

Commento:

AMD took out the labeld wave b. We made a right trade and its making profit for us.

Commento:

We have a new ATH my friends.Congrats

Commento:

First target reached !

Commento:

I used multi unit trade strategy. closed half of my position with profit. Kept another half to see if it reaches to higher targets.

Commento:

AMD broke top of rising wedge channel . we are enjoying keeping half of our position. That the importance of multi unit trade strategy !

Commento:

I found a strong reason to close my position. It rejected from top of the channel strongly. I will re enter after channel break out if it ever happens or after a correction.

Trade chiuso: obiettivo raggiunto

Commento:

We closed our position just in appropriate time !
Next long setup will come my friends. We will re-open our position once again and make another nice profit from this valuable stock.

Commento:

AMD is attacking the top of the channel and long term up trend line one more time.
We are ready to re-open our position

Commento:

Top of the channel is broken ! we can re-open our position but we have to trade smartly if we are short term trader. There may be a correction in up coming days for the whole market. AMD goes much higher in long term my friends.