CPU athCPU failed a tight range just under ath, it's coming back to the PoC of the last range at $27, failing that, bottom of ascending wedge is $26, watching out for either place to hold for entry
CPU
CPU BOAscending wedge on weekly.
Price in a tight consolidation band just below major level, final level.
Either enter now or wait for BO and retest, likely intraday entry.
INTC IS A BIG LONG TERM BUY TRUST MEINTC is looking very good my friends. It is a good time to buy long and hold. Minimum position length I would say 2 months. Maximum length infinite. Do not be dumb. INTC is INTC we are living in computer world. NOW REMIND ME WHAT CPU STANDS FOR. CENTRAL PROCESSING UNIT. WITHOUT CPU THEN COMPUTER IS MORE LIKE PPU (POOPY POOP UNIT) ONLY 2 BIG CPU AMD AND INTC AMD IS BEING PPU BUT INTC BEING BCPU (BEAST CENTRAL PROCESSING UNIT) so be smart my friends. ride with me into Valhalla. WITNESS ME
A great company which could survive all weatherThe market turmoil in Feb has eroded a lot people's bank roll, so as to the market cap of tech companies in general, some are extremely good ones.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.
Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
AMD nearest future. Expected end of the rally. I know that it may look a little saturated, but if you are serious about investing in AMD (which is a good idea IMO, but not at this moment), look closer and you'll find a lot of useful info.
TL;DR:
1) Rally triggered by the launch of Zen2 processors got exhausted.
2) RSI divergence on both, weekly and daily charts.
3) Upcoming earnings (April 17, 2019) not promising anything good, Zen 2 sales declined.
4) AMD cut the prices for the latest Zen2 CPU's which indicates that sales are dropped and they are trying to squeeze every a little bit before upcoming earnings to don't show absolutely awful numbers.
5) Announced MOBILE Ryzen 4000 CPUs is in fact have older Zen2 architecture, not Zen3 as some may think based on the name.
I shorted at 56 and to be honest I'm really eager to re-enter, but we have to be patient, especially in current market conditions.
AMD developed a small wage which may retest the previous high. It may look like an opportunity for some day traders, but expose an extreme risk for long term investors. The target of the wage is right near the previous high, and if the price will bounce from it, we will have a Double-Top after which the price decline may be dramatic.
The targets are ~$35.50 and if after testing the trend line at $48.50 it will fail, the next support must be at ~$25.
From $25 to anything lower I'll buy like there is no tomorrow.
Waiting for ZEN CPU release.Overpriced at the moment however..
No short zone, until Q1 2017 at least.
As usual, buy the rumor and sell the news. Expecting AMD price to start correcting a little the moment ZEN CPUs are out in Q1 2017+, for short term shorting then long term buys.
