AMD | Point of no Return | ~70%

AMD has passed my point of no return today at around $152. I don't expect the range high to be a significant resistance, but the channel high around $200 may cause some turbulence. My long-term target is the 2x range extension around $272. Good luck to those in the trade.

Comentário:

Good development so far. There was a gap-open today and now price is above the range high. The daily candle should close above the range-high for the trade to remain bullish.

Comentário:

AMD still looks very good. It has retested the range high and continues the upward trend.

Trade fechado manualmente:

Trade closed. I don't like the long consolidation period above the range high. Plus bearish divergence on the wave trend indicator and people left and right bragging about their Nvidia profits.