Amdlong
AMD LongAMD looks like it wants to make a big move upwards.
All of the Ichimoku indicates bullish continuation:
-Price is above the Kumo Cloud
-Kumo Cloud is green
-Tenkan is above the Kijun
-Bullish TK is above the green Kumo Cloud
-Lagging span is above the price
An Ascending Triangle has been formed:
Price has been consolidating under the Triangle's
horizontal resistance since early December around
$94.35
Once the horizontal resistance is broken we should
expect a retest of it or of previous all time highs at
$99.23
The target for the Ascending Triangle is
$140.25
with a possibility of further extension to the upper
diagonal resistance formed over 20 years ago around
$170
$AMD Successful bounce off $92 volume shelf - $100 soon?AMD is a great company, with one of the most frustrating stocks i've ever traded. If you're looking for a chance to trade AMD 100, things are looking up.
Recent earnings test of $100
Fueling up on the $92 volume shelf for a push upwards
Demand driven shortages in the chip industry
Uptrend above the 21 day EMA
AMD - LongLooks like AMD is ready to make a move. 8/21 cross on the 130minute
65 minute looks ready to squeeze up a bit
91.20 (ish) is confirmation of breakout on our falling wedge.
Targets in chart.
Failure to breakout out of wedge, means pullback back to that 85 area
No entry yet, waiting on confirmation then i'll look at some verticals
#flextradinggroup
AMD LONGLooking at this chart you can see AMD bounced off the bottom of this giant upward channel that has been forming since last March and touched the 88 resistance line only to be rejected. AMD seems to be deciding which way to go.. Volume is decreasing. MFI is oversold on the 3 hour. My bet is the direction of the arrows. Taking into account that broader market conditions remain bullish. Let me know what you guys think
#AMD may have big gap up today on after hours.First of all , i'm testing an earning strategy . So far the success rate isn't that great so i'm keep tweaking it .
My study suggests that #AMD may have big gap up today . I'm talking about +10% gap .
DON"T TRADE BLINDLY .I just wanted to share that data with you fellow traders . BEFORE THE FACT HAPPEN !
$AMD Day Trade: Strong (QUITE STRONG) support @ 97.1--LONG!$AMD Advanced Micro Devices is establishing a very strong support level on dips @ 97.1 per share.
We're still MEGA LONG On this, but the positive is the bottom refuses to fall out after a big pre-market gain: Yet another major bullish indication.
GL, ride the waves, do whatever.
See attached idea for the Long Call earlier this AM.
BDR