NASDAQ:AMD   Advanced Micro Devices Inc
I was watching the second support line, in hopes of a breakdown to enter a short, which did not happen. Instead, we got a hidden bullish divergence in the RSI/Price action. Again breaking above it's upper resistance. I am still watching for a correction, or a resistance flip support to see if my 70-72 dollar thesis is still in play. for the short term, I am looking towards the 57 dollar target if it continues strong, or break down to 47

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.