Howdy Traders!
In this chart, a clear parallel channel is present. As of right now,
AMD
has broken out through the top, and has headed to the golden resistance line. If the breakout in the upwards direction becomes successful, then
AMD
will head towards a price level of $124.
In the long-run, this shows a bullish trend, since
AMD
is once again re-entering the golden parallel channel (the same parallel channel as seen in some of the other posts).
Buena Suerte (Good Luck)!
In this chart, a clear parallel channel is present. As of right now,
AMD
has broken out through the top, and has headed to the golden resistance line. If the breakout in the upwards direction becomes successful, then
AMD
will head towards a price level of $124. In the long-run, this shows a bullish trend, since
AMD
is once again re-entering the golden parallel channel (the same parallel channel as seen in some of the other posts). Buena Suerte (Good Luck)!