AMD Breaks Through Weekly Resistance

in amd •  6 years ago 

AMD 5.13% closed above its weekly resistance at $32.50, also breaking through the 2-week 618-fib level. Fisher transform convergence indicates a coming push towards the next fib level at $33.20.

AMD_Breakout_09-24-18.png

Watch out for a retest of the $32.50 resistance. If it holds, we have a strong bullish signal - otherwise might a good time to take profits.

Note: I am not a financial advisor and hold no responsibility for any action taken using this information. The information provided does not constitute investing advice, and is meant purely for personal enjoyment. Investing and trading carry inherent risks that must be understood by market participants to prevent financial loss.

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