AMD -> Uptrend Will Continue

2023년 5월 23일

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

On the weekly timeframe you can see that AMD is actually approaching a quite nice previous weekly support/resistance area which is now turned resistance again.
You can also see that weekly market structure is beautifully bullish, AMD is always creating new higher highs and higher lows, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside potential.

On the daily timeframe you can see that AMD is showing some rejection at the $110 level which was also previous daily resistance, so I am now just waiting for a retest of the $98 level before I then do expect a new fresh rally towards the upside from there.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset: