AMD Intraday, Upward Market on Monday, Jan 29, 2024

Market shot higher a little over an hour before the market closed.

AMD Daily Chart

Red bar but rejection of low in upward channel.

AMD 15 Minute Chart

Low intraday range, chopping VWAP. Initial shot down but overnight range was a magnet. Low was a measured move from the intraday high to overnight low.

AMD 2 Minute Chart

Best long was end of day upward break of trendline.

Strategy

Long only. Buy under the 15-minute 200 SMA of high volume stocks with upward trend on the daily.

Watchlist

AMD SMCI NVDA IBM META MSFT

Happy trading.

(This post is for entertainment purposes and is not investment advice. Most people lose money doing this.)