This AMD plan shows possible trade ideas for longs and shorts.
-Currently, AMD has had a double bottom of sorts, and passed the previous swing high with ease. -The price still falls below the Anchored VWAPs and below the highest volume by price range (112) -Strongest buying pressure in recent times -Passed above the 50EMA with ease -MACD looks strong on 1hr
Also hit a strong Fib support off of 99.00
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This ended up hitting our first PT in premarket
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AMD ended up being a +8% gain today!! Smashed our targets.