To The Moon

Based on my chart, here are the key technical reasons why buying AMD at $113.84 made sense:

1. Support Level at $113.65 📉

My chart indicates a strong support zone around $113.65, which aligns closely with my entry at $113.84. Support levels act as price floors where buyers tend to step in, making it a strategic place to buy.

2. Parabolic SAR Shift Suggests a Reversal 🔄

The Parabolic SAR dots (red and green) have started to flip from bearish (above candles) to bullish (below candles), signaling a potential uptrend. This confirms that downward momentum is weakening and a reversal may be underway.

3. Trendline Shows Higher Lows 📈

The blue trendline illustrates a series of higher lows, indicating a potential trend reversal. My purchase aligns with this developing uptrend, increasing the probability of gains.

4. DMI Indicator Shows Strengthening Bullish Momentum 🚀

• PDI (Positive Directional Index) = 26.87

• MDI (Negative Directional Index) = 24.10

• ADX (Trend Strength) = 18.67 (low but rising)

The PDI > MDI suggests buyers are gaining control, while a rising ADX confirms that the trend is strengthening. This supports my bullish entry.

5. Bullish Candlestick Formation 🕯️

Near my buy point, the candles show long lower wicks and green bodies, suggesting buying pressure. This hints at a potential bounce from support, reinforcing my trade decision.

Final Verdict

My entry at $113.84 aligns well with multiple bullish indicators, including support levels, a Parabolic SAR flip, strengthening trend signals, and bullish candlestick formations. If AMD breaks above $125, the next resistance is around $136.97–$144, where I could consider profit-taking$Advanced Micro Devices(AMD)$  

@MillionaireTiger @TigerTradingNotes @CaptainTiger @TigerStars @CaptainTiger @Daily_Discussion