Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the...
Tech sector ETF AMEX:XLK is showing incredible resilience following TSM earnings which is currently leading the market. I believe over the intermediate term we will see AMEX:XLK push to new highs especially with NASDAQ:AAPL trying to carve out a bottom. The green line below is from the previous trade we made which was a success and is provided in the links...
The semiconductors ETF NASDAQ:SMH is already making new highs, NASDAQ:NVDA is looking great again and NASDAQ:AMD is near a pivot buy But I'm looking at these two stocks, NYSE:ONTO and NASDAQ:MTSI , both are making a double bottom pattern and haven't breakout yet The thing is that NYSE:ONTO has been outperforming NASDAQ:MTSI since 2021, so depending...
the trendline going back to Feb 2023 has been broken decisively, retested and failed with conviction. Even though August low hasn't been taken out yet, there is a good chance that it will be. Right now a bounce seems more likely. Daily RSI has a pretty nice bullish divergence, but it is not a guarantee that the pullback is done. Next week, we will need to see if...
Friday selloff has started doom and gloom predictions everywhere. Yes, the selloff was kind of aggressive, but not the worst one in the recent few months. And price has fallen back on the trend line going back Feb and May bottoms. If the trendline breaks next week, then the next support is at $414. If that breaks, then things will start to take a nasty turn. Below...
Drop a like and follow to show your support! Thanks. For bulls and bears alike, remember this is a LOW FLOAT. If you are shorting this stock when shares are available to borrow, remember it has a 9.3% float, is the most anticipated IPO in a while, and has clients like NASDAQ:NVDA NASDAQ:AAPL NASDAQ:GOOG NASDAQ:AMD NASDAQ:INTC NYSE:TSM and the list...
At present, the US equities markets are at a critical inflection point, especially tech. We're still in the bear side of a correction in an extremely major bull market impulse fuelled by Party Central's COVID stimulus programs, and yet flirting with all time highs. Sometimes markets top without a blow off. Nasdaq's daily chart, above, shows price raided the...
AMD 65m: Displaying relative strength; Intraday KLs 115.48, 117.93,120.20, 121.93, 122.78, 123.51, 125.77, 127.00 // ATR: 4.94, Beta: 1.9, IV: 50.39%, RVOL .69 (on 65m time frame) //Bias: Neutral-Risk On// Price at time of publish 121.97
Semiconductors finally showing some topping pattern, amidst topping RSI (12) that failed to reach the high 70 channel and a shrinking trend of volume. In effect, weakening momentum. The first level is 244.71, which is a Gann confluence and also a prior pivot (left yellow circle), and is a 7.1% decline off the most recent peak of 263.57. This would take it to the...
Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done. Good luck!
$AMD Daily swing trader order Sell order for the day: 105.44 Buy order for the day: 86.30 ———— So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market...
$AMD is a leading chipmaker that provides processors for various applications of generative AI, such as ChatGPT, Bing, and Bard. Generative AI is a technology that can create new content based on existing data, such as text, code, images, and music. ChatGPT is a generative AI model that can write prose, code, and much more. It has been hailed as the most powerful...
SMH closed today at 234.30, above the Ichimoku Cloud and well above the downtrend channel set from 2022 high to low (grey shaded area). SMH has clearly broken out of this channel, has successfully retested. I see next low at 232.40, which is a Gann confluence line, and then a move back upwards (point D). The reason I see a bounce is that the RSI is approaching...
After hitting 570 I'm expecting a pullback to 491 to test support before markup toward new highs end of 2023/early 2024
TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above. TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already? Based on the volume trends it looks like there is...
NVDA with a cup and handle setup playing out as it leads with the semis strong into the open of the week. Breach of 191.50 revisits volume shelf from may 2022 where next Kls are 196.53, 203.62, 211.63, 221.80, 235.63. Below 188.13 revisits 179 level and auction at these levels. // Beta: 1.73, ATR: 7.70, RVOL: 1.97// Bias: Risk On
Fake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.
$ON Analysis, Key levels, and Targets ON is my Semi company…. I like this company. I can elaborate further in the next few days but I’m getting my list together…. This is on it, always. I like AMD as well but between the two I’d pick ON… And if y’all know how to read my charts you know where I’m looking…