AMD here, maybe a long opportunity.
so, we have the green trendline which is close to MA 50, and we have the support level at $88.
around the end of January, green trendline + MA 50 + $88 support are going to merge, which is good, but the MA 20 will be higher than the price, so keep this in mind since it will be dynamic resistance.
overall, it is looking good and ready for upwards, but I would buy it only when REALLY CLOSE to MA 50, or after it bounced on the MA 50 + $88 support, otherwise would be risky.
so, we have the green trendline which is close to MA 50, and we have the support level at $88.
around the end of January, green trendline + MA 50 + $88 support are going to merge, which is good, but the MA 20 will be higher than the price, so keep this in mind since it will be dynamic resistance.
overall, it is looking good and ready for upwards, but I would buy it only when REALLY CLOSE to MA 50, or after it bounced on the MA 50 + $88 support, otherwise would be risky.
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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.