kgiap123

AMD : Further buy when price make a pullback to 15.5 area

Long
kgiap123 Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
AMD has been ranging between 10 to 15 since Jan 2017. Finally break the resistance around mid June 2018. Price make a pullback to retest and bounce from resistance turned support...
Expect to rally to 19 then 21 if price able to maintain above 15.5 (Resistance turned Support) area.

Wait for reversal signal and go long around 15.5 area.
Trade active:
Price entered support zone twice.. First hammer with lowest shadow at 15.9, second hammer with lower shadow around 15.7.

Good support around 15.5 to 16.00.
If today price able to close above 17.33, then high chances AMD to move towards first stop 19...
Trade closed: target reached:
Target achieved. May form Evening Star Doji pattern (Bearish Reversal Pattern)
Price might pull back to 0.618 Fibo retracement and retest Resistance turned Support at 17.4 area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.