AMD hopefully to see 35 Bucks NASDAQ:AMD You can see on the chart that price made a downward wedge pattern which shows that the momentum is less interested in the current trend and is thinking about changing it's behavior. Price then bounced at support and broke above the the bearish wedge. Then there is bullish divergence on RSI for the most recent two lows...
Alignment with VCs as well as within range of typical bull bias pull back measured move. 27.79 another range of entry interest I'll be looking for.
Understanding The trade: As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches...
This appears to be a bounce area for AMD, however I don’t like the change in behavior of the current wave.. it’s a lot more narrow. Price went straight up and straight back down. Lots of red gappy candles. Upside:Today I’d like to see price play around with 30.00 to 32.00 dollars. It appears price will be moving back up as price is currently oversold and showing...
Do you want cheap and good stocks? I like stocks with the strong uptrend and $AMD is the one of them. So the share price is trading a little above the uptrend channel's lower bound and has a big potential for the further upside. Strong Support ~ $30 Resistance LVL ~ $32-$34 Enter: ~ $28 - $30 Stop Loss ~ $26.5 TP : $50 and more per share. I have the...
AMD is approaching our first resistance where we might be seeing a drop below this level to our first support level. Stochastic is also approaching resistance.
I follow AMD for a long time, it's a great company. Nothing to say more. Strong Support ~ $30 Resistance LVL ~ $32-$34 Enter: ~ $30 Stop Loss: 29.1 TP : $50 and more per share. Good luck.
I believe we will see a rally from AMD coming based off fundamentals.
Looking to bounce from the support to go up to the resistence
The AMD chart has a few key things that caught my attention and I figured was worth sharing. Charting a fibonacci retracement from our absolute peak in September 2018, and the subsequent October 30th and December 26th lows, we can see some key levels for AMD stock. We can clearly see that AMD has strong support in the $16-17 price range, with the two reversals...
On my last post i covered why AMD is going to hit the the 24 USD mark, and then drop. Well we went up slight higher, to 25USD and we began dropping. So where does that lead us? If we look at the previous analysis we just finished C, and now we would go for the 1:1 extension of A-B which is slighty higher at 7 USD. Beware bulls, its going to get nasty.
Test of the previous top coming. Believe a channel will be forming at the top.
AMD is approaching our first resistance at 23.67 (100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.63 (horizontal overlap resistance, 61.8%, 76.4% Fiboancci retracement). Stochastic (34,5,3) is also approaching our first resistance where we might see a...
lets see if we bounce here to support my 4 Hr chart