In a previous post (see related idea section) on March 12, I wrote about AMD pulling back to its moving average MA-21 would provide a buy signal.
On March 15, 24, the stock indeed pulled back to MA-21 and closed in green amid weak overall market.
For me this is a good technical sign showing relative strength of AMD
I bought it right here.
Trade closed: stop reached
On March 15, 24, I closed the trade as it went down the support line. If the stock will react well at its moving average MA-50, I will find a buy point again.
Trade closed: stop reached
I am sorry for the typo, I closed the trade on March 19, not March 15.
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.