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we are one green day away from finally breaking that local trend resistance, short covering and buying pressure may return if we get the breakout this week!
look for 120s short term, if the major trend resistance breaks then 150-170 comes very quick 🎯 also look at the RSI and what AMD did after it hit this RSI level last time...
ok now im done for today see y'all soon with more ✌️
we are one green day away from finally breaking that local trend resistance, short covering and buying pressure may return if we get the breakout this week!
look for 120s short term, if the major trend resistance breaks then 150-170 comes very quick 🎯 also look at the RSI and what AMD did after it hit this RSI level last time...
ok now im done for today see y'all soon with more ✌️
Trade active
this yellow trendline is important, we need to hold that and local support today, if it does and market likes what powell says. then AMD can bounce to a trend resistance breakout
Note
Trade closed: target reached
i do think AMD can easily cross 110+ into friday, what a trade though. and very simple and not emotional, added calls on reclaim of support. let powell and market decide the direction with my sell button ready to go incase market didnt like the reaction.
this is my updated 1 minute chart and last chart of today, bye
Note
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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.