Amd looks primed and ready for ATHs so Iâll keep it short simple and sweet for you all to follow along and bank with me on this long term trade.
Looking at amd 1 daily time frame amd has falling into a Wolfe wedge setup followed by a massive falling wedge off ATHs and itâs also being kept afloat by its uptrend signal given by our emas.
GO LONG AND STAY LONG ABOVE $91.53! This is amds 1 day 9 ema!
AMD IS CURRENTLY PLAYING OUT A BULLISH WOLFE WEDGE SETUP ON THE 1- 4 hour leading to the daily time frame! WAVE 1 hit: 95.22 WAVE 2 hit: 88.50 WAVE 3 is currently in playing which I believe breaks it out of its resistance at 92.73 to retest wave 1 which is priced at $95.22
I believe once amd goes for that retest of 95.22 itâll breakout hard!
My targets to upside are $96.37, 102.52, 105.73 & finally 110.34
AGAIN YOU ENTER LONG ABOVE 91.53 trigger using $88 as your overall stop loss. I say go 3 weeks out to make sure time is on your side cause youâll need time for this trade.
AFTER AMD TAPS 96.37 I do expect some pull back hence that arrow is there after that test but I do expect $93 level to hold after then make those final thrusts , breaking my targets above to hit $110 overall target. EVERYONE TRADE SAFE
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