1/3/21 - AMD - 1day TF
If price action moves above 8/21 ema and ema holds, possible move up to TARGET 1 & 2
1. Price above 50ema and seems to be holding - bullish
2. MACD histogram shows weakening downtrend
3. Stochastics at a oversold level - bullish
** If price rejected at 8/21 ema, and goes below 50 ema, possible downtrend.
If price action moves above 8/21 ema and ema holds, possible move up to TARGET 1 & 2
1. Price above 50ema and seems to be holding - bullish
2. MACD histogram shows weakening downtrend
3. Stochastics at a oversold level - bullish
** If price rejected at 8/21 ema, and goes below 50 ema, possible downtrend.
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.