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basictradingtv
Mar 11, 2024 6:45 PM

AMD - Correction And Longs 

Advanced Micro Devices, Inc.NASDAQ

Description

Hello Traders, welcome to today's analysis of AMD.

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Explanation of my video analysis:

After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.

Comment

Amd down -30% since uploading this analysis and perfectly playing out.

Hopefully you are also capitalizing on these moves...

Comments
stocksking353
Thanks.. after todays closing, where do you see its going ?
basictradingtv
@stocksking353, still lower imo!
LegionQ8
Thank you for sharing your idea, it's amazing
basictradingtv
@LegionQ8, thanks mate ;)
FirstNameHelen
Great technical video analysis! Thanks! ❤
basictradingtv
@FirstNameHelen, appreciate it Helen!
Leo-btm
Looks reasonable mate, good luck
basictradingtv
@Leo-btm, thanks a lot Leo ;)
basictradingtv
Smash that "Like" button if you also do expect a short term correction on AMD! Keep your long term vision.
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