Dear Traders and Investors,
I'm sharing with you this analysis on AMD to tell you to close your position if you're holding a long trade, as you can see in the chart, the price pulled back on the 0.5 level of the fib and gave us a confirmation, now it's heading towards the 0.6.
For further question, don't hesitate to ask!
The price has broken up on the current monthly resistance level. However, it will meet another combination of weekly and monthly resistance at 91-95 range. The probability for the price to get rejected there and a pullback is higher.
If the above scenario plays out, the current broken monthly resistance will act as support and price shall then bounce from there.a
