With the announcement of new chips, AMD is looking healthy for a comeback on an 87-88 level. Right now I see a BULL FLAG on the daily chart.
Break above 82 could lead to 86. After that, I hope to see some short consolidation before jumping to the 87-88 level.
Break above 82 could lead to 86. After that, I hope to see some short consolidation before jumping to the 87-88 level.
Trade closed: target reached
We have reached the target, the position could be cloed. If you decide to hold, I see 88-90 as a major resistance. Follow your risk management plan.
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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.