$AMD - Bullish set up

6 de set. de 2023

AMD is forming a bullish continuation pattern. After breaking its downtrend (yellow) is peaked at around 133 and then started consolidating without yet backtesting its breakout. Currently, we see a bullish formation with the price testing the upper band. We will either see a further breakout from here or, the price could retest the bottom of the range - around 98-100 at which point one could add to their longs. Breakout should test 133 initially and then possibly 165. Stop loss is break to the downside of the current range.