AMD -> Patience And Then Boom

١٦ فبراير ٢٠٢٣

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

From a weekly perspective, AMD stock is looking extremely bullish. We just had a bullish ema crossover, a double bottom and also a trendline breakout, everything indicating that we will actually see the continuation towards the upside.
I am now just waiting for a retest of the neckline of the double bottom, before I do expect the next push higher.

On the daily timeframe, same scenario, just waiting for a retest of the previous resistance which is now turned support and then the continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AMD/qCe0fdXa-AMD-The-Breakout-Happened-As-Predicted/