Is this right support and resistance? AMD Latest chart

[murray t turtle]

I’d like to understand TR levels if I’m wrong would appreciate any corrections

Thanks

%% Great uptrend,%%.Your trend lines look fine. MAKE sure you honor your stop loss, its extended, may get more extended,buy vol skimpy, late in year.BUT I would never use one color volume; I use 50 dma, 200 day moving average, also=assume its above 50/200dma??

 

[Turveyd]

I'd go Support @15 which it failed to initially break over then tested and held twice so far.

Resistance 34.4 prev high.

Up Trend kinda, so sub 21 look to start building longs, all out on 15 failing.

 

[vk60546]

%% Great uptrend,%%.Your trend lines look fine. MAKE sure you honor your stop loss, its extended, may get more extended,buy vol skimpy, late in year.BUT I would never use one color volume; I use 50 dma, 200 day moving average, also=assume its above 50/200dma??

Thanks, good point about the moving average. Do you prefer EMA or SMA?

 

[murray t turtle]

Thanks, good point about the moving average. Do you prefer EMA or SMA?

%%
I like them both; it could go down 90% or go to past $44.44..........-it has before. NOT a prediction; tech stocks can be a good UP trend + roller coasterAnd i see it has and is mostly above 200 day moving average.

 

[kventin.upgrade]

Thanks if you don’t mind what is the difference between technical and psychological levels?

Technical level is the level formed by the price and configuration of lines on the chart (double top, flag, triple touch, etc.)

Psychological level it can be for example any number (5000 or 3000, or 5555)