Asphen
2023-07-08

AMD - Gap filled and Rejected by MA20; 108 is key level to watch!


Daily Chart

- Gap 108 to 117 has been filled! ==> What do they say? Almost all gaps get filled! 

- Bottom of gap 108 held in the test of support

- MA5 yellow has crossed below MA20 green 21 June

- Price action has come up to test MA20 green on 5 July and got rejected

- Price action is now in an early buy channel


30mins Chart

- Price action in the gap range was in a series of buy and sell channels

- General upwards trending as seen also on Daily Chart


What to watch for?

- Will the buy channel continue? Key is need to break 116/117 which would then also bring about a MA5 cross above MA20

- Any break below 108 (also the MA50 blue coming up) will mean another leg down to 102 or 94 (bear flag playing out)


Support wise, I still like 95 and 85 (MA200). Where I am selling puts strikes on.

@TigerStars  @CaptainTiger  @Deposit  @LMSunshine  @melson  

$AMD(AMD)$ 

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Comments

  • Bangs15
    2023-07-08
    Bangs15

    Great ariticle, would you like to share it?

  • XantheJuliana
    2023-07-16
    XantheJuliana

    Retest $112 before the big move up?

  • YvetteGunther
    2023-07-16
    YvetteGunther

    AMD is a Long man’s stock. Weak handed Longs will lose money. Shorts will lose too.

  • WebbBart
    2023-07-08
    WebbBart

    What was the highest point of AMD in the last few months?

  • fishinglo
    2023-07-16
    fishinglo

    AMD trading like a meme stock, not on fundamentals. Be careful.

    • Asphen:Β 
      wow... thats harsh πŸ˜€
  • Aqa
    2023-07-09
    Aqa
    Liked, shared, comment and here to support πŸ‘πŸ»
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