AMD is currently in down trend and price is heading towards the upper trend line. If the price can break above the upper trend line around $150 it can run to $170.
However, there is a chance that it might pull back to $113 or $124 retest before advancing further.
Break below 130 is bearish and break above $140 is bullish. So pick your poison.
Bullish Target 1 - $150
Bullish Target 2 - $170
Bearish Target 1 - $124
Bearish Target 2 - $113
Risk - Break below $132 is bearish.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
However, there is a chance that it might pull back to $113 or $124 retest before advancing further.
Break below 130 is bearish and break above $140 is bullish. So pick your poison.
Bullish Target 1 - $150
Bullish Target 2 - $170
Bearish Target 1 - $124
Bearish Target 2 - $113
Risk - Break below $132 is bearish.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.