AMD: SUPPLY & DEMAND / MARKET MOVER / FORTY-FIVE MA
DESCRIPTION: In the chart above I have provided a MACRO to SEMI-MICRO analysis of AMD's price action. With a large amount of history backing AMD's price action and overall impact on economic factor I would personally consider AMD to be a MARKET MOVER.
POINTS:
1. MACRO Deviation: 13.75, SEMI-MICRO Deviation: 6.8
2. Current Uptrend Channel
3. WATCH 45 MA SINCE THE START OF BEAR MARKET THIS IS THE SECOND TIME THE 45 MA RISES ABOVE THE 200 MA.
4. WIDER UPTREND CHANNEL has developed.
IMPORTANT: IF PRICE ACTION FALLS BELOW 82.50 FURTHER DOWNWARD MOMENTUM CAN THEN BE ON THE WAY.
SCENARIO BEARISH: Current RSI & MACD levels falls in tandem with overbought territory being shown where current price action stands in NEW CHANNEL. Watch for loss of 82.50 if this is the case it is crucial 68.75 does not break because this can signify an opening for a new downtrend channel.
SCENARIO BULLISH: IF 82.50 is lost watch for strong bounce on 75.63 to PRESERVE BULLISH MOMENTUM OF MA's.
FULL CHART LINK: www.tradingview.com/chart/UUCv2fGk/
AMD
POINTS:
1. MACRO Deviation: 13.75, SEMI-MICRO Deviation: 6.8
2. Current Uptrend Channel
3. WATCH 45 MA SINCE THE START OF BEAR MARKET THIS IS THE SECOND TIME THE 45 MA RISES ABOVE THE 200 MA.
4. WIDER UPTREND CHANNEL has developed.
IMPORTANT: IF PRICE ACTION FALLS BELOW 82.50 FURTHER DOWNWARD MOMENTUM CAN THEN BE ON THE WAY.
SCENARIO BEARISH: Current RSI & MACD levels falls in tandem with overbought territory being shown where current price action stands in NEW CHANNEL. Watch for loss of 82.50 if this is the case it is crucial 68.75 does not break because this can signify an opening for a new downtrend channel.
SCENARIO BULLISH: IF 82.50 is lost watch for strong bounce on 75.63 to PRESERVE BULLISH MOMENTUM OF MA's.
FULL CHART LINK: www.tradingview.com/chart/UUCv2fGk/
AMD
