AMD - looking to reverse here?
Updated
AMD is oversold on the daily
Looking closely, RSI is already starting reversing process from the oversold zone,
MACD is not yet, and I'd like to see it going up as well
If yes,
I'm watching the price aclion closely on Monday for a possible entry in 106.50 zone
The support level is very strong, the stock is likely to reverse - if the weak market will let it go up, especially on earnings (such as AAPL, MSFT, V)
Looking closely, RSI is already starting reversing process from the oversold zone,
MACD is not yet, and I'd like to see it going up as well
If yes,
I'm watching the price aclion closely on Monday for a possible entry in 106.50 zone
The support level is very strong, the stock is likely to reverse - if the weak market will let it go up, especially on earnings (such as AAPL, MSFT, V)
Note
Sold it after earnings at 127.68, when I saw that it's not holding the gap and going down with the market.Nice trade anyway
Trade closed: target reached
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