AMD:
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
Comment:
buying a bit here
Comment:
full position
Comment:
Chart back on track. Strong into close. Bull flag back in play.
Comment:
If you actively managed your trade you had a chance to exit with profit on the 20ma rejection.
If you're still in, cautious cuz the bull flag pattern is kind of failing.
If you're still in, cautious cuz the bull flag pattern is kind of failing.
The market is proving us otherwise right now.
Not buying yet. Now looking at 121-122 zone, unless we manage to come back above the flag line