Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been in a correction phase approaching the lower bound of the red channel.
Moreover, the $100 is a strong round number and support!
Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as non-horizontal support.
As per my trading style:
As #AMD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on…)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich