angela_altair

AMD soon to hit a weekly and monthly resistance at 91-95 range

NASDAQ:AMD   Advanced Micro Devices Inc
The price has broken up on the current monthly resistance level. However, it will meet another combination of weekly and monthly resistance at 91-95 range. The probability for the price to get rejected there and a pullback is higher.

If the above scenario plays out, the current broken monthly resistance will act as support and price shall then bounce from there.a

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.