$AMD Short-Term Hold, Monthly Close Will Decide

$Advanced Micro Devices(AMD)$ bull cycle is still active.

Short term system still says hold.

I am going to be honest though. It is not looking great.

My expectation is that price fills the gap to the downside and I stop out around $160.

I am still holding because the system says hold.

Not because I feel good about it.

When the monthly chart closes red I am out.

If it bounces before that I will take the profit happily.

But I am not jumping ahead of the signal.

The goal was never to predict.

The goal is to follow a system long enough for the edge to play out.

That is it.


For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet