AMD daytrade idea
Updated
Despite market weakness, AMD has been holding and battling the psychological $100 level.
Also, I can see that a possible symmetrical triangle (a little wonky) black lines.
My plan into tomorrow is watching the direction of this move.
Upside scenario: Above $93.83 would long it targeting $96 and above that $100
Downside scenario: I would wait to see if price will break the bottom of the triangle, if it does i will enter short below the break and target $90 and $88.70
There is no need to have a bias in this market, just play what the day brings.
Good luck.
Also, I can see that a possible symmetrical triangle (a little wonky) black lines.
My plan into tomorrow is watching the direction of this move.
Upside scenario: Above $93.83 would long it targeting $96 and above that $100
Downside scenario: I would wait to see if price will break the bottom of the triangle, if it does i will enter short below the break and target $90 and $88.70
There is no need to have a bias in this market, just play what the day brings.
Good luck.
Trade closed manually
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