Stock : AMD
Date : 20 Mar 2024
Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )
preferred Transaction : Sell ( 181.42 $ )
Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart.
Technical Analysis success at level : 165 $
Technical Analysis fail at level : 187 $
Date : 20 Mar 2024
Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )
preferred Transaction : Sell ( 181.42 $ )
Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart.
Technical Analysis success at level : 165 $
Technical Analysis fail at level : 187 $