Will AMD support of 108 hold? Bulls look to build on liquidity for push?
Daily Chart
- Interesting price action past week
- MA5 yellow seems to have based on 26 June finding support at 108
- Tested 2 times of green MA20 and broke out 13 July
- A buy continuation channel is forming well
- Friday big rejection off 122 might be more than meets the eye! ==> Liquidity building?
- Interesting price action past week
- MA5 yellow seems to have based on 26 June finding support at 108
- Tested 2 times of green MA20 and broke out 13 July
- A buy continuation channel is forming well
- Friday big rejection off 122 might be more than meets the eye! ==> Liquidity building?
Hourly Chart
- Big bear flag with fib 38.2 of 117 ==> Which is also top of area of balance or former gap created (seen on Daily Chart)
- Break above 117 and the bullish trend is back on track
- A change was created on end June with the inverse head and shoulder formation which brings it on the buy continuation channel
- Controlled selling is consistently seen
- Big bear flag with fib 38.2 of 117 ==> Which is also top of area of balance or former gap created (seen on Daily Chart)
- Break above 117 and the bullish trend is back on track
- A change was created on end June with the inverse head and shoulder formation which brings it on the buy continuation channel
- Controlled selling is consistently seen
My Watch/Plays
- Sold puts of strikes 85 90 95 105 remains good and will hold
- Watching for buy continuation channel to hold and keep price action trending upwards
- Will look to sell more puts this coming week as bulls looks to be building on liquidity with past weeks and especially last Friday
- A step at a time ==> Stay above 110, Bounce off 113 (MA5/MA20 confluence), Break 117, Go for 122 and squeeze to 128 then 132
- Downside support 108 need to hold
- Sold puts of strikes 85 90 95 105 remains good and will hold
- Watching for buy continuation channel to hold and keep price action trending upwards
- Will look to sell more puts this coming week as bulls looks to be building on liquidity with past weeks and especially last Friday
- A step at a time ==> Stay above 110, Bounce off 113 (MA5/MA20 confluence), Break 117, Go for 122 and squeeze to 128 then 132
- Downside support 108 need to hold
Looks pretty good for a break of 117. Stay tuned!
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meruson : pulled back to cover gap and ready for higher highs
Asphen OP meruson : I see that too. it is in the balance however.