AMD bullish descending wedge up to $35
AMD hopefully to see 35 Bucks
AMD
You can see on the chart that price made a downward wedge pattern which shows that the momentum is less interested in the current trend and is thinking about changing it's behavior. Price then bounced at support and broke above the the bearish wedge.
Then there is bullish divergence on RSI for the most recent two lows on the 4 hour chart.
Upside: Eventually AMD should reach 35.00. On this run up. Over the next week or two.
Downside: If all heck breaks loose for some reason, AMD can break down below the 200 and we could see as low as 27.50 before we see a turn around back to the upside.
AMDYou can see on the chart that price made a downward wedge pattern which shows that the momentum is less interested in the current trend and is thinking about changing it's behavior. Price then bounced at support and broke above the the bearish wedge.
Then there is bullish divergence on RSI for the most recent two lows on the 4 hour chart.
Upside: Eventually AMD should reach 35.00. On this run up. Over the next week or two.
Downside: If all heck breaks loose for some reason, AMD can break down below the 200 and we could see as low as 27.50 before we see a turn around back to the upside.
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