I’m looking at AMD and I don’t like what I see. The stock is stuck under this $165–170 resistance, and every time it gets up there, sellers push it back down. The chart is forming what we call a “rising wedge” — that’s usually bearish because it shows price climbing on weaker and weaker momentum. Even the volume is fading, which tells me buyers aren’t really committed up here.
If AMD breaks below $160, the next stop is around $150. And if that level doesn’t hold, we could see it drop all the way back to $130, which is where the 200-day average sits. That would be a clean reset of this whole move.
So for me, this setup leans bearish. The risk/reward is better on the short side right now — selling into $165–170 with a tight stop above $172, and aiming for $150 or even $130 if momentum cracks. Basically, this chart says distribution, not accumulation.
If there's a clear break of structure on the trend line, be ready to short. Manage your position size properly and God bless you all.
If AMD breaks below $160, the next stop is around $150. And if that level doesn’t hold, we could see it drop all the way back to $130, which is where the 200-day average sits. That would be a clean reset of this whole move.
So for me, this setup leans bearish. The risk/reward is better on the short side right now — selling into $165–170 with a tight stop above $172, and aiming for $150 or even $130 if momentum cracks. Basically, this chart says distribution, not accumulation.
If there's a clear break of structure on the trend line, be ready to short. Manage your position size properly and God bless you all.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.