AMD - Moving Higher?
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| AMD Weekly Chart |
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| AMD Daily Chart |
On May 21, 2024, I wrote AMD was setting up for a pullback buy when it closed with a long bullish candle after 3 weeks of consolidation at its support zone. See link below.
AMD continued to consolidate for the next 6 weeks until it started to move higher. This week it broke above its swing high at 174.55. It seems to face some resistance at daily swing high at 187.24 (See daily chart). A move above it is likely to take AMD to test its all time high at 227.30?
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
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