ContraryTrader

AMD Range trade

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NASDAQ:AMD   Advanced Micro Devices Inc
Has some horizontal resistance at 148 that's keeping AMD grounded . Unless the QQQ breaks out of its range I don't think AMD or NvDA will breakout of theirs.

Acting Support is previous resistance at around 134-136 area. That makes for 12-14 Swing trade.

Going into Monday looks like a obvious short . Stop loss 150
If it does break over 150 That would be an inverted H&S that could take it back to ATH

Aviso legal

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