AMD...resistance at the top
$Advanced Micro Devices (AMD.US)$
1) strong resistance at the top and still back to 122 area
2) took my profit & became part of resistance army at the top 😂😂😂
3) will it challenge the high or start to have pullback?
1) strong resistance at the top and still back to 122 area
2) took my profit & became part of resistance army at the top 😂😂😂
3) will it challenge the high or start to have pullback?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Pcube : omg... after profit on up trend not enough, still want to profit on the down trend. Now I know why some stock rise, and then fall. Because of such opportunists. Well, hope you're right on the resistance, if not it will punch through.
mobybird OP Pcube : There is no right or wrong to TP, we just trade accordingly to our trading plan. A trader or an investor all have a plan insight.
An investor will enter when company future & earnings is bright and exit when the initial fundamental have change or do not suit their investment philosophy.
A trader will enter at support & exit at resistance. All is about making a profitable investment or trade.
Jane x mobybird OP : How much money did you pay? Seems like there's still momentum to rise!
mobybird OP Jane x : I exited at 123 when I saw the long tail on top of the bar of the day.
basic bar reading are:-
1) long tail on top of bar is resistance
2) long tail at bottom of bar is strong support
Long tail on top of bar + price stay at resistance area and not able to stay at new high, it is the time we need to monitor closely & to make decision according to our trading plan. That is why I decided to exit to secured my profit.
2 consecutive day tested new high but failed to stay there at closing + long tail on top of bar is signal of strong resistance.
Likely we are going to see the start of a pullback.