NASDAQ:AMD opened today at $3.66. It did terrible pre-market and ate dirt mid-morning to mid-afternoon. Since the chart is already pre-planned from weeks ago there are only a few things to explain, but if you followed the previous charts you should already know.
Upper and Lower bounds are in Green Dashed lines set at $3.91 and $3.32, respectively. This has...
This is an update to the previous post describing $AMD's consolidation for the past 3 trading days.
Extreme upper and lower bounds are $3.85 & $3.35, respectively. Marked in green dashed "lane" lines. We can expect price to be in this range unless a significant catalyst occurs.
Describing the chart:
Since we are playing a volatility metrics strategy, I...
Extreme upper and lower bounds are $3.85 & $3.35, respectively. Daily HILOs plot a trend line for price consolidation at $3.70 testing $3.75 resistance every now and then. $3.75 target is essentially the multi top resistance.
Since there is a significant price consolidation after the news catalysts of the partnership in China, we can expect profit from...
Over the next few weeks we could see a drop back into where I think the support level is around the $2.00 - $2.20 mark. Might be a good time to get back in and enjoy the pop back up!
AMD has had a lot of talk recently with VR just around the corner. AMD's chips have been catching a lot of attention and I believe 2016 will be a turning stone for the company.
I believe shortly (within the week) we'll see it break through the $3 barrier.
As VR releases next week I believe we'll see it spike even more.
I'll be shorting until Friday, at which...
