ADVANCED MICRO DEVICES $AMD | CHIP STOCKS FALL DOWN Dec11'24

ADVANCED MICRO DEVICES | CHIP STOCKS FALL Dec11'24

BUY/LONG ZONE (GREEN): $141.50 - $166.50
DO NOT TRADE/DNT ZONE (WHITE): $134.50 - $141.50
SELL/SHORT ZONE (RED): $110.00 - $134.50

Trends:
Weekly Trend: Bearish
Daily Trend: Bearish
4H Trend: Bearish
1H Trend: Bearish

Oct29 earnings release started bearish trend. Bears should start targeting the previous quarter's lows. Price is currently breaking my indicator's range to the downside, and all display indicators are pointing to a bearish trend for $amd. Recently, bearish momentum breaks down from the DNT range this week.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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トレード稼働中

Price continuing downward in the bearish zone: