AMD built distribution at highs

AMD Long idea.

Has been in daily uptrend since the beginning of this year with higher highs and lows. Currently trading above 20D with 50D > 200D. Has formed a distribution > 91 implying that price wants to explore higher, or keep building value at the highs. There's a play for upside continuation.

Recent action implies a pullback from 2sd 20D. Trade is invalidated with a lower low < 76.

Buy target is 92 - 93 / 89 / 86 (lower targets are if pullback is not done)

Profit targets are 95 / 97 / 99 / 102.

Bình luận:

Sad -- I had AMD 100 12 MAY 23 lined up for 3.00 and hit save instead of send 🙄

Took off today: 3 -> 4

Oh well. Will continue to monitor if continuation is worth or not.