AMD - Correction of -40% over?
Updated
AMD just created a new all time high, however we have to be quite careful now.Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels.
Levels to watch: $155, $110
Keep your long term vision,
Philip - BasicTrading
Note
Quick update on AMD:What doesn't come down, has to go up. And AMD harshly refuses to drop below the support, therefore giving us even more bullish confluence. Just waiting for confirmation and then a strong move away from support is immanent...
Levels to watch: $155
😴|Swing Trader
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
Related publications
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.