AMD is STILL bullish. Could see 30.50 today
We can see that AMD respects the 32 dollar mark as there is a good amount of resistance here. Things are still bullish for AMD even though price is down this morning. It is being influenced by the market. Our idea of the market today is FLAT. If the market has a down day we could see slightly lower prices today for AMD.
Downside On the 4 hour chart, our Kijun Sen (26 period) line has a nice gap away from the Tenken Sen (9 period) which is sitting at 30.50.
Upside: 32.06 .. This chart looks almost identical to SPY. A breakdown candle leads to 32.06. Anything above this is bullish.
Downside On the 4 hour chart, our Kijun Sen (26 period) line has a nice gap away from the Tenken Sen (9 period) which is sitting at 30.50.
Upside: 32.06 .. This chart looks almost identical to SPY. A breakdown candle leads to 32.06. Anything above this is bullish.
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