Break resistance and retest ATH
Updated
AMD got rejected a couple of times @ the resistance sitting at 87.1, last time yesterday
Since I believe it was temporary due to a tweet that affected the whole market to the downside I entered @ 84.
Next support is @ 83, next resistance as mentioned @87.1. As soon as this breaks a retest of the ATH seems to be possible.
MA 50 & MA 200 are bullish just as MACD. RSI leaves room for the ATH retest.
Entry: 84
TP: 94
SL: 78 (at that point it broke down through the MA50 & the blue trendline)
Since I believe it was temporary due to a tweet that affected the whole market to the downside I entered @ 84.
Next support is @ 83, next resistance as mentioned @87.1. As soon as this breaks a retest of the ATH seems to be possible.
MA 50 & MA 200 are bullish just as MACD. RSI leaves room for the ATH retest.
Entry: 84
TP: 94
SL: 78 (at that point it broke down through the MA50 & the blue trendline)
Note
Critical area, I think if it breaks the trendline he price will move to the 74 area. So readjusted he SL to 80Trade closed: stop reached
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