AMD -> The Breakout Happened As Predicted
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
In my last video analysis of AMD, linked below, I explained all the reasons for which I do expect the market to provide further continuation towards the upside and actually breaking above the neckline of the very obvious weekly double bottom.
With todays price action, this is exactly what happened, we are seeing a massive breakout to the upside, which could definitely lead to a significant short covering rally.
I am now just waiting for a small retracement on AMD and bullish confirmation to enter a long to also participate in this very bullish momentum.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AMD/LnhPoSdk-Advanced-Micro-Devices-Analysis-23-01-2023/
welcome to this free and educational multi-timeframe technical analysis .
In my last video analysis of AMD, linked below, I explained all the reasons for which I do expect the market to provide further continuation towards the upside and actually breaking above the neckline of the very obvious weekly double bottom.
With todays price action, this is exactly what happened, we are seeing a massive breakout to the upside, which could definitely lead to a significant short covering rally.
I am now just waiting for a small retracement on AMD and bullish confirmation to enter a long to also participate in this very bullish momentum.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AMD/LnhPoSdk-Advanced-Micro-Devices-Analysis-23-01-2023/
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