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AMD - Correction of -40% over?

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just created a new all time high, however we have to be quite careful now.

Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels.

Levels to watch: $155, $110

Keep your long term vision,
Philip - BasicTrading

注释

Quick update on AMD:

What doesn't come down, has to go up. And AMD harshly refuses to drop below the support, therefore giving us even more bullish confluence. Just waiting for confirmation and then a strong move away from support is immanent...

Levels to watch: $155