#advanced micro devises -pull back setup
My "guess" is that AMD will not hold onto this level (I briefly considered going "monied" with the short call with the covered call setup, selling the 7 strike instead of the 8). However. implied volatility is fairly high here (64.6%), and my mechanical approach to most of these setups is basically to "ditch the guessing" and pull the trigger; price will go where...
OK, I got to admit, AMD ist one of my always.heroes and as fanboy I suffered a lot, that their graphic devices chased nvidia and intel ones. But this move on the lows of 2009 can't be luck. AMD now has one step ahead intel and (!!!) nvidia- the first time by the way. Many of you are more experts than me. But just look the GPU structure of RX470/RX480 and this...
Overpriced at the moment however.. No short zone, until Q1 2017 at least. As usual, buy the rumor and sell the news. Expecting AMD price to start correcting a little the moment ZEN CPUs are out in Q1 2017+, for short term shorting then long term buys.
Been messing with this one for a bit. This stock has made me break even from my huge loss as a beginner trader. Dropped 12% in 6 months and back to break even 6 month after that. Hope this stock keeps giving, I have a lot of marbles on this one.
Watching for a breakout above triangle & reg. trend. not much else Probably try to enter at ~6.8, target 7.50+
Another symmetric triangle has appeared. This seems to be a historical trend with AMD. I see this stock holding strong. In the short-run I believe it will hit a new high around $7.40, followed by a 30-40% FR pull back. This pattern will continue until the release of Zen_CPU. Lets find out. Going to 8
Can the new line up for GPU cards, Xbox One S help push AMD towards an 8 dollar high in the short term? Or will we need PS4_Neo , Zen_cpu and maybe Vega_gpu in October to help us there? Lets find out.
From the looks of it we're entering a consolidation period from now until the release of the RX_470 (Aug.4 2016) and the RX_460 (Aug. 8th 2016). Will we see an outbreak towards the upside reaching the green line? Lets see. Going to $8!
Can we stay above the support level while hovering the green area? Lets see...
AMD is breaking a monthly trendline and it could be an uptrend continuation on daily. Bullish divergence for a possible new leg up.
Yesterday we´ve probably seen one of the best daily performance from AMD shares in company history. Why is that? Licensing agreement with the chinese. The chinese will be able to develop their own server SoC with a cooperation and based on AMD technologies. Means, they will develop their very own version ot the latest "Opteron" generation and pay to AMD for...