What’s happening to AMD?
This morning AMD is trading lower however, we still see price is continuing to calmly following the up trend that would lead it to 35 dollars, however at the time there is bearish divergence on the 4 hour chart. Would expect more of a pullback any where from 32.60 down to 32.00 before continuing for more up side. We need a new high above 34.20 for a breakout.
The market itself is looking a little dangerous at these levels so things can always turn around for AMD as the down to 31.20’s perhaps.. Nothing below 30.50 and this would still be in an uptrend.
Still Bullish on this swing from $28 to around $35 dollars for now.
This morning AMD is trading lower however, we still see price is continuing to calmly following the up trend that would lead it to 35 dollars, however at the time there is bearish divergence on the 4 hour chart. Would expect more of a pullback any where from 32.60 down to 32.00 before continuing for more up side. We need a new high above 34.20 for a breakout.
The market itself is looking a little dangerous at these levels so things can always turn around for AMD as the down to 31.20’s perhaps.. Nothing below 30.50 and this would still be in an uptrend.
Still Bullish on this swing from $28 to around $35 dollars for now.