There’s been a lot of talk about AMD lately, so let’s take a closer look:
The price has reached a strong support area formed by the confluence of two Fibonacci levels and a potential double bottom. However, buying inflows remain insufficient, and bearish sentiment continues to dominate.
A breakout above the top level of the descending trend (around $140–$150), supported by strong momentum, could signal a favorable entry point.
A sustained move above $160 could potentially drive the price back to its previous highs.
Trade cautiously and manage your risks
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own research before making investment decisions.
The price has reached a strong support area formed by the confluence of two Fibonacci levels and a potential double bottom. However, buying inflows remain insufficient, and bearish sentiment continues to dominate.
A breakout above the top level of the descending trend (around $140–$150), supported by strong momentum, could signal a favorable entry point.
A sustained move above $160 could potentially drive the price back to its previous highs.
Trade cautiously and manage your risks
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own research before making investment decisions.
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.
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.