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AMD Breaks Through 2-week 618 Fibonacci Level

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
Derivati_Capital  
NASDAQ:AMD   Advanced Micro Devices Inc
Support and Resistance Fibonacci Parallel Channel AMD fisher breakout retest LONG
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supportandresistance fibonacci parallelchannel amd fisher breakout retest long
AMD closed above its weekly resistance level at $32.50, also breaking through the 2-week 618-fib level. Fisher transform convergence indicates a coming push towards the next fib level at $33.20.

Watch out for a retest of the $32.50 resistance. If it holds, we have a strong bullish signal - otherwise probably a good time to take profits.
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