For detailed commentary, see our original post published 10/13/14: www.syncubate.com
In this analysis, we look at 4 case studies of stocks that broke down through intermediate/long-term support levels and the subsequent rise in bearish momentum.
These stocks all share one thing in common: notable breakdowns in price that traders with a preference for entering...
When you have good earning and a strong daily chart and lots of positive divergence you dont fight it you go with the flow long and strong. Until i see different. Blue Sky Breakout coming soon . In my Bias opinion these well go to 135-140 before a mayor pull back.
Well, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play:
- RSI and CCI oversold
- MACD dipped and turning back to possibly form a long positive trend
- RMI is...
Low RSI (21)
Last (Max/Min) Fibo retracement at (76,4%) 3,94$
Probability of Fibo reversal at (1.618% Extencion) at 3,96$
Monthly Suport Pivot point (S1) at 3,92$ (for pivots maybe better wait for a candlestick patern)
Weekly pivot suport (S4) 3,95$.
Republishing the last chart again - seems that the price indeed likes to bounce and stop from the identified trend ranges. Earnings come in 2 days and as in previous multiple ERs, being at the 4.5+ area the price went down. This year they provided that PC shipments went up this year, but how well this is going for AMD is yet to be disclosed. ER is as risky as it...
$AMD trading in the midst of a bearish flag/pendant pattern. Inside of this pattern we have two high probability bearish reversal harmonic patterns. A cypher (purple) & and bat (red) pattern.If price action ever make it up to these two patterns, We may see a potential false break out here, we have previous structure resistance dating back to 2008 at $7.07 & $7.95...
If we disregard that it is a weekly, that there is a story that "money makers manipulate the price after earnings", i would buy on the dip to 4, and hold through earnings - the bet may bring a double digit potential profit in case the price follows all the supports set up - RSI, MACD, RMI, CCI all have some sort of a support from a year ago. Although short-term,...
Soon after the previous idea AMD went up for the dreaded 4.50 mark. Again it did not breach higher, not even trading there, went straight down after it. Although there is my bad in missing one parallel line from the recent top to the whole predicted channel - it shows how much of a resistance was at that exact place.
At this moment we have a good setup for...
AMD recenty broke out of a Wedge but is forming a doji below the level of May 20. It is still basically in a Squeeze and may reverse if it breaks to a lower low from June 4th low.
AMD has been trading around 4.04 for a year now, seems like 4 is the middle of both buyers and sellers. Even reporting good quarters it did not manage to go above 4.5. Good news is Lows are higher and higher, and the trend channel is going up. Traders cannot avoid the fact that the business is going somewhat up. And it is harder to manipulate the stock price...
![AMD: AMD - more of a pop than drop [or "stuck in the middle"]](https://s3.tradingview.com/n/nbwwTjno_mid.png "AMD - more of a pop than drop [or \"stuck in the middle\"]")