Been watching AMD for a while, bout 150 shares at about 13.60 a little over a week ago. Was thinking it was channeling up and seems to be officially there now. Looks like a strong up trend, sweet for swingers and long holders. Let me know your thoughts, J
AMD is hitting a wall at $14 and it looks like it may be a head and shoulders, but the up channel is still there and there is a bid to keep it in the high $13.
Nice Pattern. What else could we expect after retesting the magenta trendline...
AMD 6.75% , had a nice run today and we even have an Impuls wave 1 and probably a wave 2 (both Subminuette =?). Last Friday, there finally had been Minor wave 4.
What a day! For AMD, the day started with a breakthrough of the supporting line of the "Descending Triangle", I described in Part 2. After the bearish trap, the price moved back even into the pattern! After this, there has been a retesting of the magenta trendline, which slightly failed! Now, we are probably in a shorttime "Falling Wedge" (bullsh pattern). If...
easy long after picking up the t30 in the action zone long at market if you wish already in
Mapped out support and resistance at 2 levels (bigger and smaller). It's reaching the bottom edge of both the smaller and larger up trend. Volume is needed since failure to bounce could be a signal of a down trend.
Not labeling internal motive waves as I'm unsure if this is where we will turn at. We do have divergence so I'm expecting a correction soon. Still holding long from 7.XX and I plan to buy more if we get the deeper correction
Short opportunity leading into AMD earnings, possible short term long after earnings
Shorting AMD after completed descending triangle by breaking 13.69. Down to 13.61 in in after hours trading, next support is at 13.44. NASDAQ:AMD
As described before, AMD is in a Minor wave 4. Minute a has been an Impuls wave and b has been a normal ZigZag. From the beginning of this week (wave c), the market psychology changed from high optimistic to pessimistic. (Falling steepness in every wave, the market wants to recover.) Everything you can see in the chart pattern of this week. Seems, the market wants...
Today, for several reasons, I had to do some recount of AMD's stock pattern! The blue lines represent the overall trend from the beginning of last year. The magenta lines represent the actual trend, drawn from peak (3) (2016-08-19) and the low (4) (2016-11-10) with a Minute peak 3 at 2017-02-17. Because there is YET no overlapping between wave Minor 1 and Minor...
5 wave count along with a potential Head and Shoulders pattern.
AMD's Minor wave 1 and 2 (16-12-28 and 17-01-18) is well established. Peak 17-02-27 could also be Minor wave 3 and the low of 17-03-06 could be a Minute a (Impulse wave) with Minute b at 17-03-13. For an "Ending Diagonal" pattern, Minor 4 should overlap with wave 1, but this is not the case at the moment. See horizontal red line, beginning from peak Minor 1.
Hard to find the 4 of the impulse wave. 4 still above 1 (see red horizontal line), but teritory ( lower blue line of the trading channel) will probably be retested, because AMD is still slightly overbought (see Stochastic Indikator). BTW , the wave between 02-28 and 03-06 is definitively a impuls wave!