Advanced Micro Devices IncAtualizado Possible $AMD direction
Creating a range box from October 2020-July 2020 and duplicating it to the range of July 2020-today(March 2020) we can see that it is at the bottom of the range box right now and has a possibility of filling the gap that was created in June 2020 which explains the third range box(furthest right). I also used Fibonacci patterns to draw where the initial drop would end in the new range box. However the range box is not complete and could go back up to around $83. It also broke out of the upward trend it was on(technically could be trading horizontally too). On TD Ameritrade’s AMD 1 year chart, the rsi is at 31(currently) and MACD lines at -3 indicating it is over sold meaning it also has a possibility of going back up. There are indicators for the price to go in both direction.
Nota
Has bounced off the bottom of the range box and has not dropped into the next box yet. Continuing trading in mid 70s-80s
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.