AMD | Point of no Return | ~70%

16 ene

AMD has passed my point of no return today at around $152. I don't expect the range high to be a significant resistance, but the channel high around $200 may cause some turbulence. My long-term target is the 2x range extension around $272. Good luck to those in the trade.

18 ene

Nota

Good development so far. There was a gap-open today and now price is above the range high. The daily candle should close above the range-high for the trade to remain bullish.

24 ene

Nota

AMD still looks very good. It has retested the range high and continues the upward trend.

25 feb

Operación cerrada manualmente

Trade closed. I don't like the long consolidation period above the range high. Plus bearish divergence on the wave trend indicator and people left and right bragging about their Nvidia profits.