Very exited for AMD next week since it finally broke its short term down trend channel, and closed above its previous uptrend represented by the orange dotted line. If the next daily candle on Tuesday holds above the uptrend line, I'll be very bullish for a breakout to $100, but $97 is my conservative price target. *NFA*
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Looking for it to find support around $88 by next Thursday if it continues to follow its current trend
What do you suggest as entry price? I was thinking a 92.5 but not sure it will be filled
EndaKeane
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@luca90r32, this is shown as a Bull flag, if it plays out , the flagpole took 6 weeks to print. It moved from $74 to its peak candle of $98. thats $24 move.
if you project that flag pole in the same direction and distance from the base of the flag , in theory that is where the next move will finish , if it plays out.
If I were calculating this right that would put it at $109 ish when it finishes the measured move
This is not financial advice , just adding my twopence worth to this.