AMD Long
AMD looks like it wants to make a big move upwards.
All of the Ichimoku indicates bullish continuation:
-Price is above the Kumo Cloud
-Kumo Cloud is green
-Tenkan is above the Kijun
-Bullish TK is above the green Kumo Cloud
-Lagging span is above the price
An Ascending Triangle has been formed:
Price has been consolidating under the Triangle's
horizontal resistance since early December around
$94.35
Once the horizontal resistance is broken we should
expect a retest of it or of previous all time highs at
$99.23
The target for the Ascending Triangle is
$140.25
with a possibility of further extension to the upper
diagonal resistance formed over 20 years ago around
$170
All of the Ichimoku indicates bullish continuation:
-Price is above the Kumo Cloud
-Kumo Cloud is green
-Tenkan is above the Kijun
-Bullish TK is above the green Kumo Cloud
-Lagging span is above the price
An Ascending Triangle has been formed:
Price has been consolidating under the Triangle's
horizontal resistance since early December around
$94.35
Once the horizontal resistance is broken we should
expect a retest of it or of previous all time highs at
$99.23
The target for the Ascending Triangle is
$140.25
with a possibility of further extension to the upper
diagonal resistance formed over 20 years ago around
$170
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