SamSuka
The Long Investor
The Long Investor

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$AMD TOP 20

Nice bounce off the 200 Day MA at $94, which is on the daily chart, the above chart is the 1hr chart. I added this chart because I want to show you the resistance levels above because a break above these levels is bullish.

First is the 200 Day MA at $104, next will be breaking out of the channel at $106. A clean break above $106 and this holds and this is looking very strong.

So far since bouncing on the trend line and above the 200 Day MA on the daily chart, we have not seen a pull back or retest, this may still come and if it does and it holds, then this is a buy signal for me.


$AMD TOP 20

Comments

oh I see, b/c its the 1 hour chart, its the 200. Thank you

Steven Richards

Thank you. Is it the 200ma at 104 or 50ma?

Steven Richards


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