There’s been a lot of talk about AMD lately, so let’s take a closer look:
The price has reached a strong support area formed by the confluence of two Fibonacci levels and a potential double bottom. However, buying inflows remain insufficient, and bearish sentiment continues to dominate.
A breakout above the top level of the descending trend (around $140–$150), supported by strong momentum, could signal a favorable entry point.
A sustained move above $160 could potentially drive the price back to its previous highs.
Trade cautiously and manage your risks
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own research before making investment decisions.
The price has reached a strong support area formed by the confluence of two Fibonacci levels and a potential double bottom. However, buying inflows remain insufficient, and bearish sentiment continues to dominate.
A breakout above the top level of the descending trend (around $140–$150), supported by strong momentum, could signal a favorable entry point.
A sustained move above $160 could potentially drive the price back to its previous highs.
Trade cautiously and manage your risks
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own research before making investment decisions.
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