AMD
Hey, guys.
As you probably already know, all the residents of Moscow were sent to a ten-day self-isolation. In connection with that, I had to deal with some urgent problems at my company. By now everything has been done and I am with you again.
I hope you are all healthy and feeling well.
Well, I would like to take a look at some papers that are worth taking on Monday.
The first of them is AMD. The stock is doing OK in the market. Paper regained the fall and returned to January prices. At the last trade we saw a close-time retest of a strong mirror level of 48$.
Despite the fact that the pressure to the level has been broken, the stock looks good in the long run.
When the price breaking through the level and fixing above it I will look the enter point to intraday buy.
As I have already said, on a volatile market I try to be out of position and enter the trade only when there is a strong signal. Anyway, in the current situation, I do not recommend to trade the first hour of opening exchange, not to move positions overnight and not to move them over the weekend, because any news on the weekend can break the market.
Guys, feel free to ask questions. If you do not understand any thought, for example, why I do not recommend trading the first hour of the exchange opening - feel free to ask. I will be happy to share my knowledge or write a post about the topic you are interested in.
Take care!
Trade closed: target reached:
The level has worked out as it should.