AMD... NATH 123 ๐๐๐
$Advanced Micro Devices (AMD.US)$
1) Have BO from ATH 122 area
2) Need more vol. by EOD to fuel momentum
3) Holding my position to see how high it can go until SOW in the chart
1) Have BO from ATH 122 area
2) Need more vol. by EOD to fuel momentum
3) Holding my position to see how high it can go until SOW in the chart
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Jane x : I'm a little afraid of heights. I don't know what will happen tomorrow?
mobybird OP Jane x : 1) briefly touched 123 area but failed to stay at end of day
momentum to successfully BO from resistance
2) not enough Vol. to fuel up our
3) based on 30mins & hourly TF, there is some selling pressure from short seller for profit taking.
Tomorrow likely to see continuous selling pressure at first trading hour and may see a red down bar by closing. If the down bar is with low than average trading Vol. then is still OK as is consider a healthy pullback.
I still holding my position as I didn't see any Sign of Weakness in the chart yet. I risk some profits for potential ride to new high.
To manage risks, you may refer back to my previous comments for decisions since AMD is already at resistance point and it didn't manage to stay at New high.
There is no right or wrong if you TP now, u just trade according to your plan.
Good luck!
Jane x : I sold part of it today at 123.3, locking in part of the profit. Thank you!
mobybird OP Jane x : Yes is it good to take partial profit & risk balance portion for potential higher ride up...
Let's continue to monitor and best of luck