AMD is continuing to drop a little along with the market. It's not dropping as much as it could which is good.
Support is strong at around the 27 dollar range, along with bullish developments on RSI and MACD on the longer time frames.
Would like to see this make it's way back up after a possible higher low is created.Would like to see some consolidation at...
What’s happening to AMD?
This morning AMD is trading lower however, we still see price is continuing to calmly following the up trend that would lead it to 35 dollars, however at the time there is bearish divergence on the 4 hour chart. Would expect more of a pullback any where from 32.60 down to 32.00 before continuing for more up side. We need a new high...
We can see that AMD respects the 32 dollar mark as there is a good amount of resistance here. Things are still bullish for AMD even though price is down this morning. It is being influenced by the market. Our idea of the market today is FLAT. If the market has a down day we could see slightly lower prices today for AMD.
Downside On the 4 hour chart, our Kijun...
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...
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...
Price action on the 4 hour chart is very interesting. We can see the price has been increasing in volatility ( see the mega phone pattern). These are usually bearish.
Price has broken down at the 370 resistance with a large 4 hr candle and appears to want lower. This is bearish.
We can also see the Tenken sen (green) and Kijun Sen (blue) has a large gap and...
