As mentioned in previous related idea , AMD just needs a minor update and analysis is still valid generally. Here I suggest you the trade set up:
Position: Long
Entry point : Taking out 106.82 minor high
Stop loss : 99.5
First target: 128
Reward to Risk : around 3
See the related link if you are interested to be informed about details.
Good luck every one.
Position: Long
Entry point : Taking out 106.82 minor high
Stop loss : 99.5
First target: 128
Reward to Risk : around 3
See the related link if you are interested to be informed about details.
Good luck every one.
Trade active
Comment:
We always trade objectively and stick to our stop loss. Market is the one who chooses the path and we are the one to follow.
Comment:
Never stopped out and it seems to bs on the way to the target.
Comment:
AMD took out the labeld wave b. We made a right trade and its making profit for us.
Comment:
We have a new ATH my friends.Congrats
Comment:
First target reached !
Comment:
I used multi unit trade strategy. closed half of my position with profit. Kept another half to see if it reaches to higher targets.
Comment:
AMD broke top of rising wedge channel . we are enjoying keeping half of our position. That the importance of multi unit trade strategy !
Comment:
I found a strong reason to close my position. It rejected from top of the channel strongly. I will re enter after channel break out if it ever happens or after a correction.
Trade closed: target reached
Comment:
We closed our position just in appropriate time !
Next long setup will come my friends. We will re-open our position once again and make another nice profit from this valuable stock.
Next long setup will come my friends. We will re-open our position once again and make another nice profit from this valuable stock.
Comment:
AMD is attacking the top of the channel and long term up trend line one more time.
We are ready to re-open our position
We are ready to re-open our position
Comment:
Top of the channel is broken ! we can re-open our position but we have to trade smartly if we are short term trader. There may be a correction in up coming days for the whole market. AMD goes much higher in long term my friends.