$AMD TOP 20
Added 2023-10-03 17:36:58 +0000 UTCThis pull back is important now, if the price call pull back to the 200 Day MA again and hold then it will make two statements:
1. It has made a higher lower, and
2. The 200 Day MA has acted as support level twice.
This will be a firm signal of support by testing the 200 Day MA once again after bouncing and this might be all I need to see now to start a position.
So $96-$97 is the level to watch for now, I will start with a small position to enter and scale in as this progresses.
Comments
(A) has one move but (C) has 5?
makis
2023-10-05 14:57:23 +0000 UTCThank you Gareth. Can you please explain the higher low concept. Is it based on looking at the prior candle (which is green in this case), or the prior red candle, which is 5 trading days ago. Or, something else. This has always confused me. Thank you for all you do BTW
Steven Richards
2023-10-03 18:39:14 +0000 UTC
