I plan to DCA at the green boxes, with the way the general market is looking I find it dangerous to hold onto most of my stocks.
AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.
AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.
Note
AMD has fallen to the bottom of the sell zoneNote
If AMD sees a lower low below 130 daily close, we may see a free fall to the first buy area from $100-$110Note
In a move I can only describe as 'the most boring possibility in the multiverse' AMD has done exactly 0% today.Note
This could possibly be a bullish gartley? The measurements seem a bit off, harmonic patterns aren't my forte. I'm betting on the likelier possibility that this H & S pattern forming will complete and take this to the first green buy zone!Note
The H & S is complete but there is a problem: It bounced firmly, exactly off my buy zone. Now we make the tough decisions, is a relief rally coming or do we remain patient? I'm prepared to wait months on this, and be wrong.Note
A close up shows a dragonfly doji on the daily along with a bounce off the red fixed volume line for the wick up, this could be a nice quick scalp to the 0.382 fib line around $128 but personally, I am not risking it. I will see how the $128-130 level tests before succumbing to greed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.