- March 1, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
Advanced Micro Devices (AMD) are trading within a Channel Up pattern since the October 13 Low and is about to form a 1D Golden Cross. The 0.5 Fibonacci retracement level is exactly on the 1W MA100 (red trend-line) and we set a medium-term term target on it at $95.00. We expect every closing above each Fibonacci to target the next above it. The 1D RSI is on Higher Lows and at the moment it is exactly on the trend-line.