JakeSchoenleb

AMD technical bounce set-up

Long
NASDAQ:AMD   Advanced Micro Devices Inc
technical buy

-61.8% Fib retracement
-testing 9 month uptrend
-double bottom

-Risk/Reward : 5
sell if AMD closes below uptrend
take profit or watch closely when AMD test 13.30

If AMD breaks the reversal zone, I would add to my current position and use a new stop loss below support

Post thoughts and comments below!


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.