👌

@Asphen
AMD still looks good though market is consolidating now - Note that price action had broken out of sell channel and now still at the top side of a buy channel - It got rejected at the top end of the buy channel and now finding support below - Interesting key levels ==> fib 38.2 (78) - where we are now (can it hold?!) ==> fib 50 (75) - confluence with gap fill! also MA50!!! Could also have MA5 resistance! ==> fib 61.8 (70) - confluence with gap fill! also lower end of buy channel! so, plenty of confluence of support going forward for AMD! Personally, I will go with the trend channel support of 70 as the support level to go for with a note on equal low at 62. Breaking below 62 is very bearish. Upside, above 90 has quite an overhead supply. @TigerStars @CaptainTiger @LMSunshine @melson @Deposit $AMD(AMD)$
AMD still looks good though market is consolidating now - Note that price action had broken out of sell channel and now still at the top side of a buy channel - It got rejected at the top end of the buy channel and now finding support below - Interesting key levels ==> fib 38.2 (78) - where we are now (can it hold?!) ==> fib 50 (75) - confluence with gap fill! also MA50!!! Could also have MA5 resistance! ==> fib 61.8 (70) - confluence with gap fill! also lower end of buy channel! so, plenty of confluence of support going forward for AMD! Personally, I will go with the trend channel support of 70 as the support level to go for with a note on equal low at 62. Breaking below 62 is very bearish. Upside, above 90 has quite an overhead supply. @TigerStars @CaptainTiger @LMSunshine @melson @Deposit $AMD(AMD)$

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