AMD has made an impressive bull run during the past month from a low of 60.05 on January 6th to a high of 88.94 on February 2nd, for a total gain of 28.29 per share. This run was triggered by a key reversal, so it's possible that a key reversal will also signal its end.
I would pay close attention to today's bearish key reversal, and the double-top that formed near a resistance line going back to late 2020/early 2021.
Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
I would pay close attention to today's bearish key reversal, and the double-top that formed near a resistance line going back to late 2020/early 2021.
Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
Trade closed: target reached
Target of about 80 (the lower end of the channel/triangle) was reached. I'm now looking for a reversal that I can get behind.
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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.