AMD - SECOND ASCENDING TRIANGLE, $46 RESISTANCE, MOVE TO $48.25
We are opening at $46 all time resistance.
We have completed another triangle.
Another upgrade from RBC on this Triangle, to $55.
Wedbush upgraded the last Triangle from $43 with the $51.50 Target.
We move to $48 and consolidate.
No question.
We have completed another triangle.
Another upgrade from RBC on this Triangle, to $55.
Wedbush upgraded the last Triangle from $43 with the $51.50 Target.
We move to $48 and consolidate.
No question.
Trade active
You heard it hear first. I am the AMD whisperer ;)
Trade active
Short session today. Probably another $1.00 today, maybe $47 or $47.25TARGET OF TRIANGLE ASCENSION - $49.75
This should be that pullback you are all looking for and the time to sell calls, and
then back to who knows, maybe $47.50 or something. Let's see.
Merry X-mas.
If you have read all my ideas, you have a pretty "broad strokes" picture, of exactly what the institutions are doing. You have what you need to make money on AMD.
Cheers
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And if you bought those married puts at $43.11 like we I did, you would be dancing all the way to Turks and Caicos like I am tomorrow. Happy Holidays.
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Reversal at $46 ??Note
Seeing reversal signs at $46.25...Trade active
Watching Level 2, RSI, MACD, $46.25 Level, NAS, Possible Reversal, or breakout at $46.25... and VXX for confirmation of a turn.Note
Final run??? or Breakout over $46.50?Note
Wow...Trade closed: target reached
So, it appears we are range bound in the $45.75 and $46.50 area. Hopefully you got on board with a 1000 shares+ at $44.50, and bought your puts on the $46 strike today at $46.50 or so. We hung around for a while.Pickup more at $45.75 and remember, we want to sell calls against your stock, and buy puts should we hit the $50 Level.
Heading to Turks and Caicos for holidays. Xmas trading bonus from firm for the AMD crew. 40 going with sig. others as well.
Back on the 31st, for last day of trading before New Year.
As always, puts on AMD are cheap, and if you are worried, the Feb 21 40 Put is really nice to protect you from a run back to $40.
Cheers and Merry Xmas all.
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If you are actually short the stock (not puts), I would cover. December 26th, 27th, and 30th, could be easy GAP days for AMD. Institutions are in charge. Be careful and be smart.Happy Holidays.
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If you short the stock, the institutions will use you, to push it higher. If you keep on buys puts are we reach the top, they are holding those, and they will be forced to short the stock to save their positions. Be smart. Only Citron goes short.Note
Two nice gainers today, AMD and GLD. Most Semis down. Market chasing winners higher, and paring list as it goes. Not good.Note
Looking for GLD $145+
VXX $16+
DLR.TO to go over 13.70
Then I will start to worry.
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VXX making final run down on wedge...Note
And also, I noticed my personal January 17 2020 AMD 50 CALLS are up 50% today. LOL.Note
We need a break of $45.75 for this to count...Trade active
Head and shoulder forming today... starts at 8:25amNote
$46 is the break on the head and shoulders today...Note
And this also corresponds to the middle of the upward channel. Major convergence here...Note
Also another ascending triangle is forming at $46.35 launch or breakdown...Note
Back from Turks. Looks like analysis from this and idea related to Wedbush are spot on. Will publish full analysis of next week of trading this evening. Stay tuned.Trade active
Very nice. Smashed right through double consolidation patterns.$50 Next Stop.
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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.