AMD is in Down Trend, Wait for a lower high to form and buy
Trade plan is buy once it makes lower high or else buy around 93-98 area if it takes support there. targets are 150 and 200
Bullish Idications:
Marubuzu candle
Divergence of RSI
Last Downdtrend Reversed from 221 Trading Days (current cycle completed 217 Days)
Took support at 0.78% of Fib Level
Support level at 112-115 respected.
Bearish Indications:
Making Lower Lows
Trend Line Resistance
Last 10 years 6 times january was negative.
Strong Support at 93-98 area.
Bullish Idications:
Marubuzu candle
Divergence of RSI
Last Downdtrend Reversed from 221 Trading Days (current cycle completed 217 Days)
Took support at 0.78% of Fib Level
Support level at 112-115 respected.
Bearish Indications:
Making Lower Lows
Trend Line Resistance
Last 10 years 6 times january was negative.
Strong Support at 93-98 area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.