AMD poised to go up
Updated
After a -37.90% correction from the all-time high, price action confirms a death cross fakeout between the 55EMA and 200EMA on the 4H.
It now has a solid chance of breaking through the 163 USD resistance, which would make me bullish on every higher timeframe as well.
It now has a solid chance of breaking through the 163 USD resistance, which would make me bullish on every higher timeframe as well.
Note
Although the analysis remains valid, I wanted to specify that the 200EMA is actually a 233EMA, oops.
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.