Jazzboy

Classic VCP pattern on AMD

Long
NASDAQ:AMD   Advanced Micro Devices Inc
AMD has been setting up a volatility contraction since September with each leg down correcting less over time. The tight consolidation below ATH is a great sign as it shows the increased demand keeping the stock near its all time highs.

An entry would be a break and close above its ATH at $96.37.

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.