There's quite a bit to cover here in regards to this analysis.
To start we'll cover the indicators.
The Stochastic RSI cooled down, had a bull cross, and is in full movement again.
As high as the TRIX may be it just had a buy signal.
Kumo, Kijun, and Tenkan are all acting as support. Furthermore, the Kumo has been bearish this whole run and just recently twisted into a bullish direction acting as strong support. Tenkan and Kijun are also indicating this momentum is strong.
Further confirmation of that momentum can be see by the intense strength of the trend on the ADX. Right now it's at 54 and the DIs are still bullish.
All of this on top of the recent news that AMD announced in regards to their servers I would say we have gone parabolic and can expect to see a 20$ price target in the next month or so.
I bought into AMD at 11$ and i'm considering buying more.
To start we'll cover the indicators.
The Stochastic RSI cooled down, had a bull cross, and is in full movement again.
As high as the TRIX may be it just had a buy signal.
Kumo, Kijun, and Tenkan are all acting as support. Furthermore, the Kumo has been bearish this whole run and just recently twisted into a bullish direction acting as strong support. Tenkan and Kijun are also indicating this momentum is strong.
Further confirmation of that momentum can be see by the intense strength of the trend on the ADX. Right now it's at 54 and the DIs are still bullish.
All of this on top of the recent news that AMD announced in regards to their servers I would say we have gone parabolic and can expect to see a 20$ price target in the next month or so.
I bought into AMD at 11$ and i'm considering buying more.
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