AMD’s for today is carried out using a 6 hour timeframe a chart, with attention drawn to the current trading zone in AMD .
Meandering price action since October 30, 2018 till current date has produced a sidetrend, following price retreating after the September 25, 2018 price high of $33.60.
Support region for the current sideways price action is present between $16.16 and $14.73, while the upper boundary and lower boundary of resistance is $28.53 and $25.29 respectively.
A breakout above $28.53 implies further upside for AMD . Lack of a breakout above $28.53 and/or consolidation within the region of resistance could result in a downward swing in the price of AMD .
Strategies for selling include the following:
(1) Selling on a breakout below $21.92 is considered (less conservative).
(2) Selling on a breakout below AMD’s long term (conservative).
(3) Selling on a breakout below $16.16 (most conservative).