Amd - Ready for a healthy correction!

Jun 1

💣Amd (AMD) is creating a potential correction:

🔎Analysis summary:

Amd still remains in an incredibly strong uptrend. Therefore it is not a good idea to bet against new all time highs. But looking at the higher timeframe, Amd is ready for a potential correction. If it happens, Amd is setting up for another textbook swingtrade.

📝Levels to watch:

$250

🙏🏻Keep your #LONGTERMVISION – Phil

Jun 8

Trade active

💣Amd (AMD) is starting to drop now:

🔎Analysis summary:

Just a couple days after this original analysis, Amd literally collapsed with a -11% daily red candle. And while the trend of Amd is still 100% bullish, this is a clear sign to take partial profits. And after another -40% drop, we can then finally look for new swingtrades.

📝Levels to watch:

$250

🙏🏻Keep your #LONGTERMVISION – Phil

Jun 15

Trade closed: target reached

💣Amd (AMD) is back to the highs:

🔎Analysis summary:

And with all of the recent back and forth, Amd dropped -15% and is now back to new all time highs. This is just another textbook example of why you should only take partial profits, never short against the trend and still ride the wave for as long as possible.

📝Levels to watch:

$250

🙏🏻Keep your #LONGTERMVISION – Phil