AMD looking to end year long consolidation
AMD is looking to end its year long consolidation and look to new horizons.
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
Comment:
Nice healthy pullback!
Comment:
AMD is giving multiple buying opportunities in the $87 area.