AMD Testing Major Level 215

7 thg 3, 2024

AMD Price Structure formed major levels every 40$ Range.
95, 135, 175, 215

Currently testing 215 level which is also 2x of Rounding Bottom Pattern.
MCDX Red Bar (Banker) is above 90% and declining while price is advancing which is interpret as Bearish Divergence (Divergence is a sign of weaknesses.. Not a signal of broken prices action)
FiFT are still +ve (Strong Bull)

No sell signal seen so far. Not even a fast turtle sell signal triggers.
It is likely that AMD will move sideway around 215 level.. Not a good idea to buy at this level.

9 thg 3, 2024

Ghi chú

Closing with Shooting star candle. It is a sign of rejection at key level 215.
No Bearish divergence seen in Higher Timeframe..
NO Fast Turtle Sell signal yet.. As mentioned earlier, it is not a good idea to buy at 215 level.. It is a hold.