AMD 100$ Resistance sent price back to the Buy zone

١٩ أغسطس ٢٠٢٢

If AMD can hold this level, it could go retest the 100 level. Now at horizontal support and EMA21 level. RSI in Oversold area. ATR is quite large so the R:R is not so good at the moment. Might also retrace to the 50EMA below. If the price hovers around the current area will consider longer term swings off the current prices, although I'll be looking to trade the shorter term if price bounces back more violently.