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AMD

AMD has an interesting weekend and (possibly) week ahead. Wow, is all I can say about AMD. It has been a killer week filled with rallies and bleeds spawning from thin god-damned air. What has caught my attention, is this multi-day Head and Shoulders, picture perfect on the 1hr. We saw the usual bleed after right shoulder formulation which allowed us to see these clear supply and demand zones(consisting of a 4 hour supply, 1 hour supply, and a 1 hour demand), and AMD actually bounced off of 2 of 3 of these derived zones as seen in the photo. AMD continued to do AMD things for a bit after the H/S bleed. Now we see many hours candles touching this 109.87 range, 3 times to be exact. In my conclusion, we should see AMD hold between 109.87 to 115.39 (which is the end of the 1 hour red-highlighted supply zone) for the weekend, until institutional and retail investors have their hands on deck come Monday. Say AMD happens to fall below 109.97 resistance? Simple, I see AMD falling to 102.75 to enter that demand zone it had previously bounced off of and can make for a nice put setup. (ORANGE LINE) Say AMD happens to break that supply zone completely, what now? Well, one of our derived zones is still pure, untouched. We should see a push to 118.05 setting up for a nice call setup, which is the gate to the demand zone. Here would be an instance to set a rather conservative SL (if one hasn't been set already), this zone has yet to prove its validation and I would hate for someone to lose their money chancing a demand zone invalidation. (GREEN LINE) Let's make some money boys (or girls), peace.
NASDAQ:AMD
by arikncardenas
AMD Break Inbound? Advanced Micro Devices - Short Term - We look to Sell at 99.06 (stop at 103.51) The medium term bias remains bearish. We look for losses to be extended today. This move is expected to continue and we look to set shorts at good risk/reward levels. Short term oscillators have turned negative. Previous support located at 100.00. Our profit targets will be 84.22 and 79.31 Resistance: 120.00 / 145.00 / 155.00 Support: 100.00 / 84.00 / 72.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMDShort
by Saxo