Amd - It Comes Down To This Support!

Amd (AMD) is retesting massive support:

Click chart above to see the detailed analysis👆🏻

For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible.

Levels to watch: $120, $240

Keep your long term vision,
Philip (BasicTrading)

交易進行

Trading update on Amd (AMD):

Click chart above to see the detailed analysis👆🏻

Exactly as we are speaking, Amd is (finally) retesting the major horizontal support. So far bulls did not show any strength at all but this could actually change quite rapidly. We have to be very objective now and closely follow price action - this will hopefull turn into a massive bullish reversal.

Levels to watch: $120, $240

Keep your long term vision,
Philip (BasicTrading)

交易結束：目標達成

Trading update on Amd (AMD):

Click chart above to see the detailed analysis👆🏻

So far Amd is clearly holding the horizontal support level and the strong sell off, which we saw over the past couple of weeks, is now coming to an end. Bulls now have to create some sort of confirmation on the smaller timeframes and then Amd can finally start the next bullish impulse.

Levels to watch: $120, $240

Keep your long term vision,
Philip (BasicTrading)