I will go with long because fundamental and technical are showing bullish behavior.
Fundamental:
1. Recent deal with apple
2. graphic card sold out for cryptocurrency mining.
3. Cyclical sales which is about to come, usually 2nd half of the year according to 10K.
Technical:
1. We are currently in correction now. However, after correction, a new 5 pattern elliot wave will start again.
2. Daily MACD is negative now. Approaching 0 however.
3. Following uptrend very well which started back in last June ish (can't remember).
4. 0.67 Fibonacci support holds well.
Let's see how it goes! Let me know what you think.
Fundamental:
1. Recent deal with apple
2. graphic card sold out for cryptocurrency mining.
3. Cyclical sales which is about to come, usually 2nd half of the year according to 10K.
Technical:
1. We are currently in correction now. However, after correction, a new 5 pattern elliot wave will start again.
2. Daily MACD is negative now. Approaching 0 however.
3. Following uptrend very well which started back in last June ish (can't remember).
4. 0.67 Fibonacci support holds well.
Let's see how it goes! Let me know what you think.
Note
Dear all,I will like to let you all know that this idea is now considered obsolete. It was suggestions for period from Jun 13 to ER at 25th July.
As an amateur, I did not have the ability to predict the time parameter. Nonetheless, we all knew that it was 15.5 right after ER. Also, as I pointed out on Yahoo finance, it would drop after ER because HFs/IBs/ short term traders will take profit (FYI My account is Jeff on AMD yahoo finance).
My current judgement is it will go up again regarding Q3 ER. Please note I do not have any details as of now. I will publish another idea later regarding this.
Thanks for your support.
Jeff
Disclaimer
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.
Disclaimer
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.