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HomeTrading FocusedSwing TradingTop Swing Trade Idea: AMD 178.54

Top Swing Trade Idea: AMD 178.54

Stock Analysis: Advanced Micro Devices, Inc. (AMD) – 178.63

Trade Details: Stock is taking support at the lower trendline levels and already shown a correction of more than 20% from its top level and now preparing for the bounce as semiconductor stocks will rally from current levels then this stock will also follow the uptrend as it involves in the top large cap company.

Price is consolidating at its support level from the last week and preparing for the next breakout and will try to bounce again towards higher levels. RSI is also trading at its lower zone and turning into bullish momentum.

there is a good risk reward ratio of more than 1:3 but if your plan is to trade for 1-2 days only then you can also trade with with the target of 192 with having stoploss at 177.

Make sure to enter into this trade only after it crosses above 180 levels.

ENTRY = 181.50

STOP = 174

TARGET = 192 / 210

Please Note: Make sure to trail your stoploss at cost when price crosses above 196 because there will be a little chance of reversal from that level.

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