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2023-05-15

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@Asphen๏ผš
Interesting AMD - The lower high and higher low gives rise to a tapering channel/wedge - The lower high on 10 May and higher low shapes the price action into a tapering wedge/channel (white lines) - The median is about 88+ - MA5 has crossed MA20 - Friday found support again at 94 (previous bull flag and support) - AMD has to show itself next week(s) by staying above 88 (also Fib 61.8) to maintain a possible breakout of the tapering channel - If it breaks below 88, then very possible to break below channel which would come up to 85 as a support Hourly Chart - Sell channel for a long time recently changed to buy channel - Was on way up when earnings brought it down to 80 but since back on track in the buy channel My Watches - Another lower high would mean 100/102 are near term limits - Whether 88 offers support (Moving to 88 would mean MA5 comes down but still remain above MA20) - If it remains in buy channel on 30mins or 1hr chart Overall, still bullish for me on AMD but it does have to stay above 88 @TigerStars @CaptainTiger @LMSunshine @Deposit @melson $AMD(AMD)$
Interesting AMD - The lower high and higher low gives rise to a tapering channel/wedge - The lower high on 10 May and higher low shapes the price action into a tapering wedge/channel (white lines) - The median is about 88+ - MA5 has crossed MA20 - Friday found support again at 94 (previous bull flag and support) - AMD has to show itself next week(s) by staying above 88 (also Fib 61.8) to maintain a possible breakout of the tapering channel - If it breaks below 88, then very possible to break below channel which would come up to 85 as a support Hourly Chart - Sell channel for a long time recently changed to buy channel - Was on way up when earnings brought it down to 80 but since back on track in the buy channel My Watches - Another lower high would mean 100/102 are near term limits - Whether 88 offers support (Moving to 88 would mean MA5 comes down but still remain above MA20) - If it remains in buy channel on 30mins or 1hr chart Overall, still bullish for me on AMD but it does have to stay above 88 @TigerStars @CaptainTiger @LMSunshine @Deposit @melson $AMD(AMD)$

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