Long

AMD - Long-term Long!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈AMD has been in a correction phase approaching the lower bound of the red channel.

Moreover, the $100 is a strong round number and support!

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as non-horizontal support.

📚 As per my trading style:
As #AMD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

Trading Made Simple; and Rule-Based
RichTL.com

Instagram
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Get Funded up to $200,000 (Crypto)
cutt.ly/PropW

Also on:

TheSignalyst

Also on:

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.