After significant price increases in recent months, the AMD share has entered a consolidation phase. The first investors are now beginning to realize their profits. Is this the end of the rally for AMD?
No, we don't think so. In the short term, we expect a pullback to the $165 area. We intend to wait for this pullback to optimize our risk/reward ratio to enter a long position in AMD shares.
We currently see potential for a price of up to $205 per share.
No, we don't think so. In the short term, we expect a pullback to the $165 area. We intend to wait for this pullback to optimize our risk/reward ratio to enter a long position in AMD shares.
We currently see potential for a price of up to $205 per share.
Comment:
They price missed the target in today's session by $ 2.
Let's see whether we start with a gap up next monday. Otherwise we will close the trade prematurely.
Let's see whether we start with a gap up next monday. Otherwise we will close the trade prematurely.
Trade closed: target reached
Happy trading :)