AMD stock has been in a downtrend for a while. This is also confirmed with the awesome oscillator being in oversold region. However, there's a breakout of the downtrend. This is also supported with price breaking and closing above a support level. An aggressive trader or investor can buy at the current market price. While a conservative trader or investor can wait for price to pull back to the support level before buying.
The entry will be 101.70 while the stop will be 76.05 and the final target will be 226.77.
Confluence for this signal are as follows:
1. Awesome oscillator in oversold region
2. Awesome oscillator divergence
3. Downtrend breakout
4. Weekly bullish candle closing above down trend line and support level.
5. Price respecting uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
The entry will be 101.70 while the stop will be 76.05 and the final target will be 226.77.
Confluence for this signal are as follows:
1. Awesome oscillator in oversold region
2. Awesome oscillator divergence
3. Downtrend breakout
4. Weekly bullish candle closing above down trend line and support level.
5. Price respecting uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
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