AMD... Is it time to BUY?? YESSIR!!
- The market is in an obvious uptrend
- A bullish BOS (break of structure)
- A retracement to the OTE (Optimal Trade Entry) fib levels between .705 - .786
- The bullish FVG is also aligned with the OTE levels for a confluence of support
- Price has formed a fractal low on the +FVG as price completed the External to Internal run on liquidity. Now comes the IRL back to the ERL move. The swing high at 227.30 is the target, as that is where the buy side liquidity is.
Fundamentally, the recent Amazon partnership is the latest move that will give AMD a huge boost. Not mention the AMD may become a buyer of INTEL's AI Fabric Chip.
Things are looking up for the organization.
What do you think?
It's a BUY for me.
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