Long AMD for the next 22 days
Looks like AMD is getting ready to bounce back to the upper part of the trend line to make a new 52 week high. This should happen within the next 22 days.
Evident from the charts:
1. Oversold RSI <50 @ 47.98
2. Bounced off lower bollinger band @ 13.06
3. Golden cross - 50 DMA crossing over 100 DMA
4. Bouncing off support line @ 13.13
5. Oversold StochRSI <0.2
Supporting chart links: http://stockcharts.com/h-sc/ui?s=AMD&p=D&b=5&g=0&id=p27196146269
Love to hear your comments!
Evident from the charts:
1. Oversold RSI <50 @ 47.98
2. Bounced off lower bollinger band @ 13.06
3. Golden cross - 50 DMA crossing over 100 DMA
4. Bouncing off support line @ 13.13
5. Oversold StochRSI <0.2
Supporting chart links: http://stockcharts.com/h-sc/ui?s=AMD&p=D&b=5&g=0&id=p27196146269
Love to hear your comments!
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.
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.