Traders, Timbo here
AMD formed a bull flag as of today, however with current market conditions AMD may continue rolling over. If it fails, my next over/under supply zone is $72-88, then we should bounce to retest Aug 4th high of $122.49, which presents a nice R/R trade. If we find momentum, we can immediately head back to challenge old swing highs for a 20% swing from here.
AMD formed a bull flag as of today, however with current market conditions AMD may continue rolling over. If it fails, my next over/under supply zone is $72-88, then we should bounce to retest Aug 4th high of $122.49, which presents a nice R/R trade. If we find momentum, we can immediately head back to challenge old swing highs for a 20% swing from here.