Well, if the recent upward movement continues, then we might have some good opportunity over here.
AMD is considered to be one of the best "comeback kings", which means once it was oversold, it usually runs back to overbought levels very quickly.
It was oversold on multiple timeframes recently, and based on the MACD indicator. We might see some trend reversal( Regular Divergence is showing up).
The first price target is 52,12 the second one is around 55,40
However, it is still down-trending on RSI, so having a stop loss is crucial. (48,31)
AMD is considered to be one of the best "comeback kings", which means once it was oversold, it usually runs back to overbought levels very quickly.
It was oversold on multiple timeframes recently, and based on the MACD indicator. We might see some trend reversal( Regular Divergence is showing up).
The first price target is 52,12 the second one is around 55,40
However, it is still down-trending on RSI, so having a stop loss is crucial. (48,31)
Trade closed: target reached
