the weekly price action of Advanced Micro Devices Inc (AMD):The stock is trading near a critical resistance zone marked with a rectangular box just below $180.In the past, this area acted as a rejection point, evident from prior pullbacks when the stock neared these levels.
The chart reflects a larger declining channel. Current price action shows AMD approaching the upper boundary of this channel, which may act as dynamic resistance.
If AMD breaks above the $180 resistance convincingly, there’s potential for the stock to aim for higher targets, such as the next major zone ($240).
Failure to break above $180 may lead to a retest of lower levels, potentially near $140 or the breakout zone ($100-$120).
The chart reflects a larger declining channel. Current price action shows AMD approaching the upper boundary of this channel, which may act as dynamic resistance.
If AMD breaks above the $180 resistance convincingly, there’s potential for the stock to aim for higher targets, such as the next major zone ($240).
Failure to break above $180 may lead to a retest of lower levels, potentially near $140 or the breakout zone ($100-$120).
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.