AMD: You must pay attention to these patterns! Next Key Points!
Hello traders and investors! Let’s how AMD is doing today!
It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around.
The moment to buy AMD was at $ 106.07, as I warned you last week (link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks.
However, we have some good signs in the daily chart:
After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement, AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S.
If triggered, AMD will have a technical target at the All-Time High. The only thing missing here: A good volume after a breakout.
Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left.
If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good weekend!
It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around.
The moment to buy AMD was at $ 106.07, as I warned you last week (link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks.
However, we have some good signs in the daily chart:
After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement, AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S.
If triggered, AMD will have a technical target at the All-Time High. The only thing missing here: A good volume after a breakout.
Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left.
If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good weekend!
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