AMD - Do or die time
$Advanced Micro Devices(AMD)$ - Do or die time:
Shooting star validated by high volume, price rejected at the 50DMA and the higher Bollinger Band was crossed.
Fast oscillator overbought.
$168.7 is the level to watch before considering bullish continuation.
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Remember my comment on the 15th May? This is what I wrote at the time:
AMD looks interesting, jumping above the 20DMA that can be used to manage risk.
The bullish MACD crossover set at the beginning of this month suggests a valid trend change.
Resistance expected at $163 and invalidation of the bull thesis if losing $152
https://twitter.com/SmartReversals/status/1791257717245395276
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- 1moredrink·05-17However, if it falls below $152, it might invalidate the bullish thesis.LikeReport