Semis have been extended a lot for a while, SMH shows it.
AMD is a lagger but it’s almost ready here.
If broader markers holds strong..
Go long if it breaks the downward trend line and holds 165.
Target #1 - 175
Target #2 - 195
Target #3 - 210, after some drama
Stop loss - 158
AMD is a lagger but it’s almost ready here.
If broader markers holds strong..
Go long if it breaks the downward trend line and holds 165.
Target #1 - 175
Target #2 - 195
Target #3 - 210, after some drama
Stop loss - 158
Trade active
Broke 165, closer to the next target 175, If it can hold 165, we can see 175 by next week.Trade active
There it goes 175, watchout for 183 level here, can see a pullback. If that clears strong, we will see this at 196
Trade active
AMD is running HOT!!!If this can open above 184 trnrw with good CPI data, we will see our target #2 195 tmrw.
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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.