There was no support at 200 SMA today, first time it went through since last year Triple Bottom at $10 still in play
RSI Breakout/down coming, if wedge breaks down then descending triangle is in play.
Closed around long term support, should bounce soon (if it breaks then it'll test the bottom of the channel in the upcoming months) Been sideways for past year and will most likely continue Decision point this month on support if it holds then decision point in 2018
Triangle leads to $40 where there will be a double bottom.
Possible bottom at $240 due to macro events + correction This will create a bearish engulfing candle on the monthly chart
Possible bottom at $240 due to macro events + correction This will create a bearish engulfing candle on the monthly chart
Drawn candlesticks are just a predictions on the direction next few days, CANDLESTICKS WILL VARY If 200 SMA doesn't hold then wait for textbook oversold RSI: 30
Hanging Man CandleStick or Long Legged Doji, it depends how you interpret it, to me it looks like a hanging man but it doesn't matter both indicate a possible reversal. Old trend broke so we can't rely on it anymore. Low Volume on Green Days - No Conviction FOMC Minutes Tomorrow - Interest rates + unloading assets from balance sheet
AMD broke the first LT trend in AH (dark green line) Bounced off the 200 SMA ($11.76) which took out some if not most limit buys we'll see if it holds tomorrow Triple bottom at $10 around that range is a trend line from July 2016 Overall market isn't helping especially the tech sector.
High change of a ER beat due to GPU demand. Its due for a correction plus macro events, double bottom around $140
Double Top after earnings + Double Top this week LT Support still in tact Mubadala recently hired Morgan Stanley to sell 40 million share (deal is undisclosed). I believe its causing the $13.55 resistance; slowly disbursing the sales Double Top bottom around $10 where there will be a Triple Bottom