AMD: Ready to move from 50ma , 200ma ?
AMD (84.65)
MC: 102.74B
ATR: 2.27, Beta: 2.04
Key Levels: 80.20, 86.06, 89.33, 92.64
Trade Idea: AMD's chip recently selected for use by GOOGL, FSR technology launch on June 22, 2021, $ rotation, favorable technicals. AMD could reclaim its previous value area it occupied strongly in early 2021. ATR and KL's significant to any time expected move (respect time factor):
1. Price action has formed over 200ma after briefly consolidating in range above the 50ma,20ma
2. MACD reflects bullish direction & momentum
3. Range/consolidation is expected during price re-discovery. RSI suggests potential "cooling down" before any new significant move
MC: 102.74B
ATR: 2.27, Beta: 2.04
Key Levels: 80.20, 86.06, 89.33, 92.64
Trade Idea: AMD's chip recently selected for use by GOOGL, FSR technology launch on June 22, 2021, $ rotation, favorable technicals. AMD could reclaim its previous value area it occupied strongly in early 2021. ATR and KL's significant to any time expected move (respect time factor):
1. Price action has formed over 200ma after briefly consolidating in range above the 50ma,20ma
2. MACD reflects bullish direction & momentum
3. Range/consolidation is expected during price re-discovery. RSI suggests potential "cooling down" before any new significant move
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