Slothie

AMD LONG to 94!

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NASDAQ:AMD   Advanced Micro Devices Inc

This chart is textbooky in terms of resistance and supports. You can see clearly that once it has a support/resistance, there are multiple rejections at those price zones.

It recently broke out of an Ascending Triangle which is a bullish pattern. The next resistance level is at around 94usd. I doubt that it's not going to reach that price since there is no visible resistance on the way.

I believe this will take between 2-4 weeks.

I try to keep this as simple as possible, but if you have any questions then feel free to ask.


This is not financial advice, do your own DD!
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