AMD eyes on $172 above and $154 below: Key zones after dud event for NASDAQ:AMD by EuroMotif

AMD eyes on $172 above and $154 below: Key zones after dud event

AMD live event was apparently a dud.
Was at resistance already, so easy drop.
Green support zone below is a Must-Hold.

$ 163.30 - 163.55 is minor support that looks burnt.
$ 151.42 - 154.86 is crucial zone with strong bottom.
$ 171.10 - 174.28 is key resistance with strong middle.

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Trade active

\o/ TOUCHDOWN

(yellow shaded part is from posting time).

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Taking a closer look:

Bounced exactly to our Golden local fib.
She then threw a pass to her golden sister.

This could well be "the bottom" for now.
But if not, we still have strong support.

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Trade closed: target reached

ABSOLUTELY GORGEOUS

Perfect dig into support and launch to targat.

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Zoom IN (m15) and a couple of notes:

Pierce of support zone was/is a bit concerning.
Would have much preferred at skip off the top.
Bulls will need to flip $163.xx zone into support.

EARNINGS report after close today.
So scalpers should take some/all profits.
Holders might sell a bit in case of ER dip.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag