good short opportunity. Take profit at $240 Risk ratio = 2.0 MACD confluence with Swing 5/5 Resistance
Looks like a head and shoulders might be forming on the daily. Good short term short opportunity, remember to set your stop losses. MACD says otherwise, and the head and shoulders has not reached completion yet so be careful.
Short term entry: $32 Short term sell: $36 Long term entry: $32 Long term sell: $70 I say we see $70 in 6-8 months NASDAQ:AMD and NASDAQ:NVDA have nearly tripled in price since October. AMD is less leveraged than INTC but INTC still doesn't hold that much debt, especially relative to its industry competitors. Well set up for growth in the future.
We are approaching a long entry, possibly sometime this month. Long entry: $4315 Take Profit: $4450 Stoploss: $4260 Profit/Risk Ratio = 135/55 = 2.45 Adjust stop loss based on risk tolerance.
As the title says we have a head and shoulders pattern on the 1 day AMD chart, we have MACD bearish crossover, along with volume confirmation.
MACD crossover on the 1 day, rounding top on the 1h, 2h, 3h, 4h. Profit targets: 4070, 4031, 3950
We see a head and shoulders pattern forming with volume looking promising in terms of head and shoulders formation.
Also, its about to bounce off of the MA200 to continue the downtrend.