Breakout or Fakeout? Watching AMD Resistance for Next Big Move

Wait 5 sec.

Breakout or Fakeout? Watching AMD Resistance for Next Big MoveAdvanced Micro Devices, Inc.BATS:AMDThe-ThiefπŸ“ˆ AMD β€œAdvanced Micro Devices, Inc” – Wealth Strategy Map (Swing/Day Trade) πŸ—ΊοΈ Plan: I’m tracking AMD with a bullish strategy β€” waiting for a resistance level breakout to confirm momentum. Once price breaks the key barrier, entry opportunities open up. 🎯 Entry Setup (Thief Strategy Layering Method): Instead of one entry, I’m applying a layering strategy with multiple buy limit orders. This approach helps average entries across different levels. Buy limit layers: 155.00, 158.00, 160.00, 162.00, 163.00 (πŸ’‘ You can increase layers based on your own risk & comfort.) Breakout confirmation: Entry after breakout price level mentioned. πŸ›‘ Stop Loss (Thief SL): Suggested stop loss @150.00 ⚠️ Note: Dear Ladies & Gentlemen (Thief OG’s), this is my SL level, but you are not required to follow it. Manage risk according to your own plan. 🎯 Profit Target (Police Barricade Zone 🚨): Price faces a strong resistance around 186.00 β€” this area acts as a trap zone with overbought conditions. Target @186.00 (escape with profits before police catch you πŸš”). ⚠️ Note: Again, TP is personal. Take profit when satisfied β€” your money, your choice. πŸ”— Related Assets to Watch (Correlation Insight): AMD tends to move in line with broader tech sentiment and semiconductors: NVDA (NVIDIA) – Direct sector competitor, often mirrors momentum. SMH (VanEck Semiconductor ETF) – Strong correlation, broader chip market direction. QQQ (NASDAQ 100 ETF) – AMD is a major component; index momentum often drives AMD. INTC (Intel) – Rival stock; negative news on INTC can boost AMD sentiment. Watching these pairs helps confirm breakouts & avoid false signals. ✨ β€œIf you find value in my analysis, a πŸ‘ and πŸš€ boost is much appreciated β€” it helps me share more setups with the community!” ⚠️ Disclaimer: This is a Thief Style Trading Strategy β€” shared for fun & educational purposes only. Not financial advice. Trade at your own risk. #AMD #SwingTrade #DayTrade #Stocks #Semiconductors #TradingStrategy #BreakoutSetup #StockMarket #NVDA #QQQ