Here we go again, same as TSLA & NIO, 4hr and 1hr charts,
Lets begin with the 4hr:
AMD's price movement has been quite easy to predict as this too plays out the market. Looking at the 4hr we see a breakout from the descending triangle, then a rejection at the resistance line, perfectly normal.
Now the 1hr:
This is where it gets interesting, we see that hammer candle once again! Just as seen on NIO, TSLA, SPX... etc (will post more). I am slowly building my case here and will release my predictions EOD. Anyways, AMD too will continue to trade between this range for the week. I think we'll see some ups and downs but no major price moves until markets get over the Trumpism stupidity, finish readjusting/rebalancing portfolios, and stop taking profit.
Neutral in the short-term, bullish in the medium-long-term
Lets begin with the 4hr:
AMD's price movement has been quite easy to predict as this too plays out the market. Looking at the 4hr we see a breakout from the descending triangle, then a rejection at the resistance line, perfectly normal.
Now the 1hr:
This is where it gets interesting, we see that hammer candle once again! Just as seen on NIO, TSLA, SPX... etc (will post more). I am slowly building my case here and will release my predictions EOD. Anyways, AMD too will continue to trade between this range for the week. I think we'll see some ups and downs but no major price moves until markets get over the Trumpism stupidity, finish readjusting/rebalancing portfolios, and stop taking profit.
Neutral in the short-term, bullish in the medium-long-term
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.