AMD approaching meaningful support
Advanced Micro Devices (AMD) presently approaching meaningful support, able to absorb weekly selling pressures.
From here, (AMD) can recover and push to our next notable resistance level, eliciting gains of 10% from current price levels.
A settlement above this resistance level would push (AMD) to our next notable breakout point, able to absorb weekly buying pressures when tested and a meaningful upside continuation point into later year.
Inversely, a weekly settlement below the shown support would put (AMD) into a sell signal where losses of 20 - 30% would be expected over the following 3 - 5 months.
From here, (AMD) can recover and push to our next notable resistance level, eliciting gains of 10% from current price levels.
A settlement above this resistance level would push (AMD) to our next notable breakout point, able to absorb weekly buying pressures when tested and a meaningful upside continuation point into later year.
Inversely, a weekly settlement below the shown support would put (AMD) into a sell signal where losses of 20 - 30% would be expected over the following 3 - 5 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.