drchelsea1

drchelsea1 Updated 

AMD is currently showing multiple signs of reversal (see other posts), and at the least, is following clear chart patterns in recent days with 100% correlation/position resolution: 1. Bearish Ascending Flag (Before $47+ top), with Divergence from Stochastic 2. Formation of a clear Head and Shoulders Pattern at the same time, with break of the $46 neckline and...

drchelsea1 Updated 

See my other posts for context. Clear reversal signals, and the psychology of it all corresponds very nicely to the running out of momentum into January 2nd 2020. At which time investors will be faced with whether to: 1. Take all profits and pay taxes in 2021 and wait for correction; 2. Take some profits (maybe cover initial investment x 2 if you got in January...

drchelsea1 Updated 

Description to Follow...

drchelsea1 Updated 

We are opening at $46 all time resistance. We have completed another triangle. Another upgrade from RBC on this Triangle, to $55. Wedbush upgraded the last Triangle from $43 with the $51.50 Target. We move to $48 and consolidate. No question.

drchelsea1 Updated 

1. I would think that picking the top on this one, would be a #1 priority. 2. I think this top will be much higher. 3. Some all calling for January consolidation, I think we go straight up. 4. I think the Trump Effect, and easy money, are taking us much higher. Just ask Robert Shiller. Smart Guy. www.cnbc.com 5. 2001 and 2006 are irrelevant charting points...

drchelsea1 Updated 

So crunching numbers all weekend and we get this: 1. Current Channel for Market and AMD, same as 2006 pattern; 2. Current Channel not a "blow off top" in terms of the same parabola of 2001; We will retrace just the same. 3. The Current Channel takes AMD right to $51.50, and then the bottom of that Channel is $40; 4. Looking at the options layout it supports...

drchelsea1 Updated 

AMD Update: 1. We have broke out of the ascending triangle with a height of $2.25 from $43.35; 2. The ascending triangle profit target (Wedbush Upgrade as Well), is $2.25 from $43.35 by definition (The Maximum Triangle Height from the Resistance at $41.11 to $43.35); 3. The ascending triangle is a continuation pattern in this case; 4. The volume is average...

drchelsea1 Updated 

This could be a false breakout, watching open...

drchelsea1 Updated 

A head and shoulders top is a trading chart pattern where you can identify a left shoulder, a head and a right shoulder from the top of price action on your chart. The run up to the left shoulder should be nice and clean with little congestion. Bear in mind that when price returns down through these levels we would like a nice clean trade. If there are lots of...

drchelsea1 Updated 

1. Looks like we have a $43.40 or so AMD high, from both the pre-market on Dec 12, and today. 2. We have at least 3 tests of the 43 Level here as well, over the past little bit. 3. We have strong resistance at 44, Where we bounced off of at least 5 times during the period of April 2001 to July 2001. We also have strong resistance between 44 and 46. 4. This...

drchelsea1 Updated 

I will spare you all the details, been trading AMD for years, and only trade AMD now full time. Quick notes: 1. Run up on trade truce, starting Oct 8th. 2. AMD runs to 41.76. 3. AMD pulls back to 39. 4. AMD consolidates for a week. 5. AMD to 43.65 (pre-market), pulls back to 41 (China trade, got ahead of itself - 8% in a day is nuts) 6. Back into...