AMD: BULL FLAG ?
AMD:
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
Nota
as I said, it looks like a bull flag until proven otherwise.The market is proving us otherwise right now.
Not buying yet. Now looking at 121-122 zone, unless we manage to come back above the flag line
Nota
buying a bit hereNota
full positionNota
Chart back on track. Strong into close. Bull flag back in play.Nota
If you actively managed your trade you had a chance to exit with profit on the 20ma rejection.If you're still in, cautious cuz the bull flag pattern is kind of failing.
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