AMD
📈 AMD has broken a bearish channel on the daily chart, suggesting a potential upward trend.
⏳ The stock has time to rise further, with a possible target at the 200-day moving average.
🔍 Investors should wait for resistance and consider potential entry points after a pullback, indicating a cautious but optimistic outlook.
@marcosemmimfp:
“AMD, for example, I think so. MD, I think it can recover. In fact, look, it already broke a channel, it already broke the bearish channel on the daily chart, yes? This should go up, at least to the 200-day moving average, if it comes, yes? It has time to go up a bit more, uh, so it’s quite good. Here, what you can do is wait, okay? It’s wait. It comes here, here you will find resistance, very likely. It’s already, it’s already breaking a long-term trend line, and in that drop, having a full development of momentum and other indicators, what we can expect is a possible, sometimes it breaks the resistance zone as if there was nothing, like it went down, great. The issue is that to take risk, the risk is here, or once it falls, and once it goes up and falls again, but the risk is there. As a rebound, that position has to be taken with little money, you can’t mortgage the house. It’s different if you tell me here, because here you are within an upward trend, here is where, here is where I mortgage the house. Here, in the changes of trend, you have to be a little careful, you have to be very fine because they can be continuations of that trend.”
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View the video on YouTube.
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