Tight sideways consolidation is always a welcome sight. Almost a 3 weeks tight consolidation, possible long above highs. Additionally, held up really well given the recent sell-off.
Looks to be a tight consolidation with decreasing volume within consolidation, which is a plus.
Possible long entry above 40.444, pretty good risk to reward.
YSG formed a cup with handle base with an early buy point yesterday when price broke the handle's trend line.
Actual entry can be made at $21.77 with a breakout of the handle.
Entry: $21.77
SL: $19.27
TP: $26.98
AMD has been setting up a volatility contraction since September with each leg down correcting less over time. The tight consolidation below ATH is a great sign as it shows the increased demand keeping the stock near its all time highs.
An entry would be a break and close above its ATH at $96.37.
