trendline support, good entry point
Put in a quick base post-IPO and has had bullish price action since.
Earnings BMO tomorrow. Could trade down to $86.49 but it'll get bought up. Earnings should be priced in and the stock won't move
Simple view of this critical sector breaking through key technical trendlines. Our first bearish sign was the break earlier in August, which held, and rallied back above the original broken trendline. That quickly stopped as momentum ran out, and it's now breaking through multiple trendlines with bulls at max long. This can potentially fall significantly given...
We have been steadily buying AMD for weeks as block after block of dark pool buy money pours in! Recent dark pool blocks imgur.com They have been buying hand over fist. Given the initial Head and Shoulders bottom from March, the near term target would be the 161.8% target from that structure's extension. Please like this post 👍🏻 and give me a follow! PM for...
High probability short play here.
hourly close under 51.5 i will short it down to 48-49 zone
AMAT has effectively broken out and re-entered it's upward rising channel. Current target is ~$100 (a 1.618 fib extension from that last downward correction April2018-Jan2019), but that could take until year end. Elliott Wave pattern is screaming to me that this is a 5 of a 5, so watch out near that $100 target and get your sell limit orders placed...
After a volatile week, $QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment. However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the...
Rough day after earnings report. Strong fundamentals here. My hypothesis is that, short term, it will run the same luck than the index.
Inventories are high for all the companies, this should affect margins. Plus it's hitting its head on resistance right here. Should give some back in a day or two. SMH
AMD still propped up by irrational sentiment, but poised to return to Earth this summer and into fall. Target spelled out in the chart.
$SMH ready to bounce at support before completing the last leg of this particular head and shoulders pattern. Also found RSI support. Still bearish semi's, so will go long now and short at 106.
Head & Shoulders completed with a high volume break through the neckline, and a successful retest. Large corporate investors are also in on this. Gonna buy the pullback. Short Term target = .26 Long Term target = 2.00
Head & Shoulders spotted with larger volume on the neckline breakout AND a correction where we tested the neckline and bounced off of it, showing it as a support now! I'm strengthening my position from .18 to .195