AMD Minor Update, Long above 106.82 minor high !

As mentioned in previous related idea , AMD just needs a minor update and analysis is still valid generally. Here I suggest you the trade set up:

Position: Long
Entry point : Taking out 106.82 minor high
Stop loss : 99.5
First target: 128
Reward to Risk : around 3

See the related link if you are interested to be informed about details.

Good luck every one.

交易進行

註釋

We always trade objectively and stick to our stop loss. Market is the one who chooses the path and we are the one to follow.

註釋

Never stopped out and it seems to bs on the way to the target.

註釋

AMD took out the labeld wave b. We made a right trade and its making profit for us.

註釋

We have a new ATH my friends.Congrats

註釋

First target reached !

註釋

I used multi unit trade strategy. closed half of my position with profit. Kept another half to see if it reaches to higher targets.

註釋

AMD broke top of rising wedge channel . we are enjoying keeping half of our position. That the importance of multi unit trade strategy !

註釋

I found a strong reason to close my position. It rejected from top of the channel strongly. I will re enter after channel break out if it ever happens or after a correction.

交易結束：目標達成

註釋

We closed our position just in appropriate time !
Next long setup will come my friends. We will re-open our position once again and make another nice profit from this valuable stock.

註釋

AMD is attacking the top of the channel and long term up trend line one more time.
We are ready to re-open our position

註釋

Top of the channel is broken ! we can re-open our position but we have to trade smartly if we are short term trader. There may be a correction in up coming days for the whole market. AMD goes much higher in long term my friends.