Hey guys, here's a little update on my AMD chart from last week:
Take a look at the blue arrow pointing to the red support line, looks like AMD can be making a reversal to continue climbing up the orange trend line
Just some notes to consider:
- The election results will have some sort of effect on the price movement, this is not a buy signal (yet)
- Markets aren't as liquid as I'd like them to be, probably waiting for the election
I'm holding cash at the moment to buy once the election is over, and I'm sure that smart money and institutions are doing the same. Once the election is over & AMD keeps climbing against the orange line I'd recommend buying them, Xilinx was a great acquisition IMHO
Take a look at the blue arrow pointing to the red support line, looks like AMD can be making a reversal to continue climbing up the orange trend line
Just some notes to consider:
- The election results will have some sort of effect on the price movement, this is not a buy signal (yet)
- Markets aren't as liquid as I'd like them to be, probably waiting for the election
I'm holding cash at the moment to buy once the election is over, and I'm sure that smart money and institutions are doing the same. Once the election is over & AMD keeps climbing against the orange line I'd recommend buying them, Xilinx was a great acquisition IMHO
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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.
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.