AMD Buy at Demand Zone
Hypothesis: AMD is has had a downtrend since March 2024, but the macro trend since 2020 is upward. The 174 region is a strong demand region with multiple strong rejections and advances from this level. This level is also in the FIB retracement zone.
If 174 doesn't hold, the next level would be ~$95. I'd rather sell then hold through this move to $95.
Action: Buying into the demand region in two increments. each order has a stop limit at 115. Sell at 174.
If 174 doesn't hold, the next level would be ~$95. I'd rather sell then hold through this move to $95.
Action: Buying into the demand region in two increments. each order has a stop limit at 115. Sell at 174.
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.