Looking pretty weak... Will it do something? 🤔
We have been moving sideways for a while now, and we have a support at 89. I see nothing amazing here, but I agree that if we see something very good around, it can be a buy. The problem is that the momentum is not the best.
AMD is pretty weak, and if you look at the 4h chart, it is disappointing:
We have an advanced breakdown in the 4h chart, and this ruins any bullish thesis. We are under the 20ma and it feels like it must do more correction.
If it drops to the 87, we can start thinking about AMD again. For now, I’ll be on the sidelines.
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See you soon,
Melissa.
AMD is pretty weak, and if you look at the 4h chart, it is disappointing:
We have an advanced breakdown in the 4h chart, and this ruins any bullish thesis. We are under the 20ma and it feels like it must do more correction.
If it drops to the 87, we can start thinking about AMD again. For now, I’ll be on the sidelines.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
