AMD going to drop down? HUGE RAISING WEDGE I'm thinking this is going to burst down because of the huge raising wedge forming, the stock seems to bounce up and down a lot meaning that it's losing a lot of momentum. instead of breaking resistance levels lately it seems just retest them many times.
I'm thinking it will go down a dollar or 2 on open then quickly be bought back up, what are you guys thinking.
Amdshort
I'm Looking For a Short On AMD Around $90I have kept my eye on lookout for a spot to short AMD.
Price has been playing this rising wedge perfectly.
We were looking to short it not too long ago if it would of broke through the support.
Instead it surged to return to the top of the wedges resistance.
We are now approaching the $90 level. I am interested in taking a short position their based off the pattern recognition. This will be an aggressive play. If were to break the top of resistance I will look to exit. First we need to see if we will get to $90. I stand firm on that price target.
Best of luck!
Explosive Performance As support Never Broke. Rising Wedge(AMD)We were analyzing this one about a month ago with signs of it Squeezing under the most recent horizontal high as it ranged sideways towards long term support.
Major explosive bull movement breached the high and now is proceeding to play the top range of the massive rising wedge on a 3day chart.
I'm mainly interested in playing the breakouts of the major s&r levels on this one.
Stay tuned.
🚨🚨🚨 This One Is a MUST LOOK NOW!!! (AMD)💰 LET'S GET INTO SOME ADVANCED MICRO DEVICES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
AMD looks to be a massive rising wedge from back in 2015 lows. Notice how every major structural support and resistance now now funneled into this tight range at the very top of price consolidation. It even seems to represent 5 major waves of structure which could validate an Elliott wave pattern. I'm not the biggest fan of Elliott wave theory as I think it can be misleading, but this is a good representation of wave structure that made the pattern overall. This looks insane! I would not be surprised if once broke down it collapses. Based off o just the S&R and structure I see a major play coming. Be ready for this one! If I'm wrong I will be in shock lol.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
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🥇MLT | MAJOR LEAGUE TRADER
ADVANCED MICRO DEVICES INC (AMD) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Daily Review: GOOG, AMD, and MSFTU.S. markets began the week on a strong note, led by small caps. The Russell 2000 Index finished the day up nearly 4% while the Nasdaq 100 lagged behind notching 0.5% at the end of the session.
This week represents a pivotal point of the rally as earnings season hits full swing with big cap tech reporting this week. Some names on deck later this week are TSLA, FB, AAPL and SHOP of which I will be reviewing on later posts this week. Today, we search for some market clues with GOOG, AMD and MSFT.
Tech Flexing
It's tough to bet against tech these days. Despite a global economic shutdown, large cap tech stocks have been resilient…on the charts. It will be interesting to see how they look on the balance sheet! We begin today with Alphabet, Inc (GOOG) on a weekly view.
GOOG has staged an impressive rally off the March 23 low making up nearly half its losses from its all-time high, $1532.11. At first glance, GOOG appeared to have broken through critical long term trendline support, but after review, GOOG has found support on a trendline drawn from the 2015 lows.
GOOG is heading into 2020 earnings after delivering strong 18% increase of revenue year over year. However, there are questions on whether the internet advertising giant will be able to impress this time around. The COVID-19 pandemic has definitely had an impact on whether businesses invest in online advertising, a large share of GOOG's revenue. Whether the magnitude of the impact shows up in Q1 earnings is yet to be seen.
Overall, GOOG bulls have enjoyed the past months worth of gains. However, there is reason to be cautious going into earnings as market strength and price begin to divert while overhead weekly resistance remains. Bias: Bearish .
Technically, Beautiful
Advanced Micro Devices, Inc. (AMD) has been the semiconductor darling for over a year ever since breaking out from a year long cup and handle pattern on October 2019. AMD is now up 100% since that breakout and COULD be poised for more upside. I emphasized could on purpose, because on the weekly chart AMD is knocking into resistance at $59.27. Any break higher may also be met with RSI divergence. AMD in my opinion is a tough buy at these levels as the risk reward is not favorable going into earnings.
On the plus side, AMD is a beneficiary of being partnered with Sony and Microsoft who are both scheduled to be releasing brand new gaming consoles later this year. How these schedules are impacted by COVID-19 is yet to be seen. Nevertheless, I would not be surprised if AMD pulled back a bit before heading higher. Overall, I like the stock long term from a technical and fundamental perspective, but on the short term I'll be waiting on a dip. Bias: Bearish .
Trillion Dollar Baby
Above is the daily view of Microsoft Corporation (MSFT). Trading 8% below its all-time high, MSFT is going into earnings in potentially in a make or break position for the broad market. MSFT makes up the largest percentage weight of the Nasdaq 100 (NDX) and today the index was lagging behind throughout the trading session. Either, MSFT and big tech have run out of gas or this is a healthy pause before marching back into all-time highs.
If MSFT does pull back, there is not much support. The rally has been a straight shot up from the lows. MSFT is a tough buy here especially after the discouraging performance of the NDX at the start of the week. Bias: Bearish .
Pivotal Week Ahead
With MSFT, AAPL, GOOG, AMZN and FB all reporting fiscal year Q1 2020 earnings this week, we should get a better grasp of how the market will trade in the months ahead. We must also assume that companies will be doing their best to lay down the framework to ease in the harsh reality of Q2 earnings, which undoubtedly will more accurately reflect the impact of the global economic shutdown. Tomorrow we have Tesla, Facebook and Apple. Have a great evening!
AMD: Bullish Cup and Handle Formation 4H (Apr. 23)X FORCE GLOBAL ANALYSIS:
AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout.
Technical Analysis
- We have spotted a traditional reverse head and shoulders pattern on the 4H chart
- This pattern has been supported by a parabolic trend line support
- We have seen a small correction after the formation of the right shoulder, which could be interpreted as the handle pattern
- Despite the correction, the Relative Strength Index (RSI) continues in an uptrend, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) also shows a clear uptrend, with a potential golden cross
What We Believe
Though not stated in this analysis, we believe that AMD is a stock with strong fundamentals, and a lot of bullish potential based on short term technicals as well.
Trade Safe.