AMD - Trading opportunity is almost there!
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)
👇Learn how to swing-trade👇
www.basictrading.net/elite-program
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Keep your long term vision.
www.basictrading.net/elite-program
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Keep your long term vision.
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