Advanced Micro Devices Inc
Short
Updated

Amd - Here comes the major reversal!

4 902
👺Amd (AMD) is reversing right now:
snapshot

🔎Analysis summary:
Over the course of the past couple of months, we witnessed a very expected rally on Amd of about +250%. But right now, Amd is retesting a major resistance trendline. If we actually see bearish confirmation in the near future, the next bearmarket will start quite soon.

📝Levels to watch:
$250

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
👺Amd (AMD) creates massive volatility:
snapshot

🔎Analysis summary:
Amd is currently still sitting at the previous all time high after some decent volatility recently. So far, the market is clearly not bearish yet but there is a very high chance that we will see a reversal soon. Don't get caught up in all these short term moves.

📝Levels to watch:
$250

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
👺Amd (AMD) perfectly heads lower:
snapshot

🔎Analysis summary:
Being down about -15% this month, Amd is just perfectly rejecting the underlying channel resistance. Yes, we are currently witnessing some clear volatility, but if Amd creates bearish confirmation soon, we will see a major drop of about another -20% lower.

📝Levels to watch:
$250

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

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