AMD coming to test the major support trendline for the fourth time! Can this support hold? We'll see! For now, it's likely we'll hold this support level as it has held 3 times before. However, if the market does sell off next week, I can see a scenario where price will break this key support to fill in the gap set back in July 2020. I would only long AMD at 73 with a tight stop loss.
I'll look for a bigger position if price decides to come down to 68 to fill the gap.
I'll look for a bigger position if price decides to come down to 68 to fill the gap.