Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below):
This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High...
Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics.
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