Top 5 Weekly Trade Ideas #5 - AMD Breakout

10월 9일

NVDA has been on a big run after its triangle breakout and doesn't seem to be slowing down yet. AMD has been on a run of its own and just broke out of the downtrend that started in March at ATH. It has also already came back for a retest and held.

First target will be the previous high from July around 187. Second target is near ATH around 215. A rejection and fakeout wouldn't be a good look, but it still has to go all the way back down below 133ish and make a lower low to be considered long term bearish.