AMD chart update, EXTENDED LINES EDITION
Updated
Chart update, charts linked.
If you're buying long after 171, I warned you.
Orange is Support and future rejection trend.
If we close the week over 137.09
bullish.
39 gonna hit you like a truck if you're not out before the drop (Feb/March maybe, time frame is hard to predict, but I assume the drop ends sometime around May or June.)
If you're buying long after 171, I warned you.
Orange is Support and future rejection trend.
If we close the week over 137.09
bullish.
39 gonna hit you like a truck if you're not out before the drop (Feb/March maybe, time frame is hard to predict, but I assume the drop ends sometime around May or June.)
Note
Remember, 171 and up is the I warned you zone. If you've been following my AMD idea since the beginning, you bought around 87-94, at current price, you've gained a LOT, no reason to lose it chasing a few extra percentage points. HOWEVER, the choice is fully up to you as maybe it continues higher and higher.Note
Chart update
Note
This stock was absolutely printing for bulls. However, SERIOUSLY, I can't say this enough, lol, BE CAREFUL at these levels. It might be better, more profitable, and less risky to simply switch from the bullish position, lose a tiny bit extra on the top side for profits, but profits are secured allowing you large amount of capital to ride the wave down. Will it drop soon or head to 208? I'm honestly not sure at the moment.
171 was the goal on this trade. (technically, lower, but we held 137 allowing us to hold the trade longer or buy more). There is an extended lines v2 linked in "related ideas"
Note
I've seen some reddit posts lately talking about some absolutely ridiculous price predictions. Try not to get pulled into that FOMO. Remember, in reality, the price has gone up essentially 100% (Doubled your money, you put in 1 and take out 2, profit of 1 or 100%). S&P avg is like 7 or 8% a year (I put in 1 and I take out 1.07 or 1.08, profit of 7 or 8 cents, or 7-8%, OVER AN ENTIRE YEAR ON AVERAGE, MEANING, SOME MORE, SOME LESS)
When you compare AMD currently to reality (especially if you've been following this idea for awhile). It has gone up nearly 100% in ABOUT 3 MONTHS.
So definitely take a minute to do an emotion check, and realize that the odds earnings spikes AMD to 300 or 400 is completely out of reality. POSSIBLE BUT NOT PROBABLE.
Second take a minute to ask, maybe the move we saw over the past few months was in prep for earnings, meaning, it will already be priced in. Is there more topside with that thought in mind?
Right now, I see 208 and 220 as potential highs based on earnings.
There is potential to see profits taken before earnings, and then a big move to the upside, There is also potential to see the move to the upside before earnings, with an afterhours move that will bounce all over the place, and ultimately top out and start to retrace this movement.
All in, I'd prefer nobody loses money if they don't have to.
SO, please take a minute, do an emotions check.
Step back and view the chart as whole.
Make your own decisions. My opinion is just that, an opinion. I could be right, I could be wrong, I could be lying to all of you right now about everything I just said. The best advice I can give you to protect you from yourself is to collect all the information, from as many sources as you can, then start to verify what you believe to be true, then make a decision based on that information.
(example, maybe you use my chart to set 1 price target, you use another chart to find a trend, you use another chart to pick up a longer term bear target, you use a major stock information source to get a range of prices, you use AI to summarize all the fundamentals, you check multiple ETFS to see who owns what...) See what I mean?
Seriously though, GOOD LUCK, BE GREEDY, MAKE TONS OF MONEY! I hope you all have made a decent profit already, and I hope you continue to make more. 2024 might be a bad year for some people, but if you learn to trade in two directions and pick stocks with some great long term potential, it doesn't matter where the price moves, it matters more that you can manage risk and emotion. Everyone loses, but some people never recover, and others, use loss as a super power.
Fail till you win, win till you fail. Repeat.
It's a mindset.
If you have 90,000 and you lose 89,000.
If your initial reaction is I've lost all my money, I quit, then you're missing a huge chance to learn a major lesson and improve yourself.
Every situation has a positive, you just need to find it because nobody will find it for you.
Instead//
If you have 90,000 and you lose 89,000. You should be thinking, "I still have $1000, time to get my money back" and then studying the loss. What went wrong, how did it go wrong, what point did it go wrong, why did it go wrong. Basically, if you don't see my point yet, emotions control a lot of decisions whether you realize it or not, you want that in a lot of things, but you want to be in control of the decisions when it comes to trading, not your emotions.
And when you ask yourself those questions about what went wrong, it's what did "I" "ME" "YOU" "THE PERSON WHO MADE THE TRADE" do and how can I learn? If you blame some random news event about your loss, you're likely stuck in a mental bias and your ego is trying to protect yourself from a mistake. In the end, you clicked the buy button, nobody else, find that deep reason why. What made you so sure, yet so wrong?
Note
Careful on this trend break and return, you could potentially see a sizeable drop in a short period of time.Will it drop?
idk, but it's worth noting as a potential outcome based on indicators and price action.
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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