Clear break of horizontal support and confirmation of bearish head and shoulders. Remember to wear knee pads.
The asset is still in an up-trend, however, opportunity exists for a pullback short. It is currently in that phase of bulling back. Yes I said bulling back.
The old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did...
Up over 200% in 4 months Daily candles is bearish expecting a pullback in the shorter term
I swear I thought I published that idea 2 days ago or yesterday, can't really recall when I saw the set up. Either way, this is a medium term trade (1 to 2 months) so you have time to get in. It seem like a lot of tech stock are in distribution phase so look around, plenty of similar set up. Targets, entry and S/L on the chart. Trade Safe!!! Ps : Not Financial bla bla...
AMD has continually tried to break through the resistance line but failed also a Bearish Head And Shoulders Pattern has formed meeting support line and likely to go down
AMD short opportunity. Playing market weakness / volatility.
AMD broke down below the 9 day MA and the 50 day MA. I think that she is going to continue this action and will be looking to exit at the next point of support around 11.66. Stop loss is set at 13.50. I am optimistic that the trade will be good to hold until the earnings report comes out. Now, my plan is that no matter what, I will be exiting the trade BEFORE the...
AMD has been on a massive uptrend, the selling off right now is nothing to worry about. At first the market reacted badly to the Ryzen but in coming days I believe people will realize how good it actually is. From a technical stand point the area's of support are between 12.92 and 12.42 AMD is trading above its 50 SMA which is widely referred to as the...
I really dislike recommending short or long because I am a newbie and I just chart without news or feelings. So please take them accordingly. This is outside the channel now volume seems relatively high on down move compared to last time. 12.63 seems to be the support on Weekly- Daily support is 10.99