AMD Long Swing

Nov 10

AMD is setting up well for a long entry. On the 2-day candle, AMD is holding within an ascending pattern, forming a bottom near an upward trendline as well as the 200-day moving average, signaling potential support. The setup offers a favorable risk-to-reward ratio, with the first price target at 187.25 (~30% potential gain) and a second price target around 227 (~56% potential gain). A stop loss can be considered if a 2-day candle closes within the lower demand zone (around 132, as highlighted), with the overall bullish uptrend invalidated on a close below ~121.