lea80
2023-05-17

Great ariticle, would you like to share it?
@Asphen：
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 $AMD(AMD)$

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