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AMD chart UPDATE Here's my current chart for AMD. I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom?? I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime. My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride! **Note, I have not looked at any fundamentals yet.
NASDAQ:AMD
by nicktussing77
Tech Sector Setting Up for Big Monthly Bearish PullbackWe have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little further and closes below the open of October 2021, this pattern will be upgraded from just a simple Bearish Engulfing to being a Bullish Three Line Strike visible on the Monthly Timeframe which is a very bearish pattern as One Month would have Erased the gains of the Prior 3 Months and at that point you almost have a Guarantee that the Tech Sector will see a much more Sustained Correction the Downside.
AMEX:XLKShort
by RizeSenpai
NASDAW Futures Future Sneak PeakThe NQ1! appears to have come to a significant milestone, one that has been repeated 4 times since 2006. And each time, IF you had bought into the NASDAQ / Technology ETF, it would have been significantly wonderful in the next 3-4 years. It appears that this milestone had just happened again two days ago. Now, what does this mean? I will leave that to you to decide. Maybe we can revisit this post next year and go "Wow, the fifth time..." Btw, the events are coded to present markers when certain combinations of Bollinger Bands are exceeded. ENJOY!!! PS. Sneak peak to the projections I do, marking out 19 Jan as a top and the next incoming date is there too... #justsaying
CME_MINI:NQ1!Long
by Auguraltrader
2
AAPL: Next few months in my uneducated opinionI have had the blue lines drawn out since around April or so, and I have now gained to confidence to showcase my work. I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know). This is my idea for what will happen: -Short term AAPL will hover around the red circle and follow the green line I drew. -AAPL will hit a new ATH (around the EOY rally). -AAPL will then trickle off down a bearish slope to find a new support, below any of the levels we have seen this past year. Hopefully stonks only go up, but this is my bearish outlook on the tech powerhouse known as Apple.
NASDAQ:AAPLShort
by blewis08
$MP - Could this be best investment of 2022? This might be the best play of 2022 Clean count, Fib time confluence, incredible relative strength since Oct, just broke ATH and found support at 21 EMA. "picks and shovels" play in EV space gives exposure to growth landscape w/o the risk. This company is the only domestic rare earth mining play giving it particular geopolitical importance over the next decade as the West competes with China for these vital resources needed for all modern technology. Until Redwood Materials goes public, $MP might be the best investment for exposure to rare earth miners.
NYSE:MPLong
by ir-rizzle