Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD stocks currently looks extremely bullish in my opinion.
We just broke above a key down-trendline, we also created and already confirmed a weekly double bottom and the next resistance area at the $105 area is quite far away so from a weekly perspective I just do expect more continuation towards the upside.
On the daily timeframe you can also see that with today's candle we are breaking above a previous daily resistance area, so I am now just waiting for the retest and some bullish confirmation and then also the daily timeframe looks ready for the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD stocks currently looks extremely bullish in my opinion.
We just broke above a key down-trendline, we also created and already confirmed a weekly double bottom and the next resistance area at the $105 area is quite far away so from a weekly perspective I just do expect more continuation towards the upside.
On the daily timeframe you can also see that with today's candle we are breaking above a previous daily resistance area, so I am now just waiting for the retest and some bullish confirmation and then also the daily timeframe looks ready for the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
