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.
Comment:
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.
Comment:
AMD still looks very good. It has retested the range high and continues the upward trend.
Trade closed manually:
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.
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