This has been one mean market! If you played the AMD breakout, it whipsawed the life right out of you. That being said, it also created a lot of buying opportunities.
Daily Chart analysis
AMD is in long term uptrend
AMD found support around 133.64 area. It triple bottomed at this area, broke the neckline just to fail back into the pattern and break below the support area of 133.74.
Price then rejects lower prices and bounces back above support. This is my buy entry….again.
Stochastic is oversold further confirming buy entry
Entry: 137.60
Stoploss: 128.28
Target: 160
Trade closed: stop reached:
stopped: 128.28