AMD swimming in oversold territory

Well, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play:
- RSI and CCI oversold
- MACD dipped and turning back to possibly form a long positive trend
- RMI is in the lows and dipped in red - may continue being in red but from here it has to go up at some point
- Williams VixFix has a somewhat proven trend - when the vixfix bar is green and the stock candle is green, then from here or the next one green/grey candle the price goes up and vixfix cools. We got our green+green today
- We have a gap to cover at 4,40 and the stock price, although gradually, has a low angle up trend - the current price is in the lower part of the trend.

AMD has been destined to touch the 5 USD mark , and although its a long shot and all other scenarios happen, should the trend turn bullish and with speed i give possibility of seeing 5 in 2014. And although the price is below the KeyHiddenLevels (props to timwest), it is still above the trading range it was the next day after the earnings (while indicators are lower). I would add on a move up and consider selling below 3.70 if you need a stop loss point. If 3.7 gets reached soon, i would assume indicators are also low/lower so i migjht not sell there... but if indicators correct and the 3.70 price is reached then, it would be a better point to get out.
Yes, 2.72 3 days to the ER. Tanking below would be pretty hard thing to do - i'm not sure it is on for bankruptcy
It's not on for bankruptcy. Former CEO didn't deliver what was promised and he was axed. New CEO steps in and is delivering what will be promised.

AMD is fundamentally sound. 4.3 billion in assets, 2.2 billion in debt, 980 million in cash, and has reversed the negative earnings trend from a few years back, including shedding nearly 5 billion of its debt.

It is a game of prove it now, which is understandable given how much spin AMD former CEO's have mouthed out over the years. One really good quarter will start catching investors eye, and the shorts (24%) will cover quickly once we set a trend.

Don't forget to take another look at this stock next year with a different perspective.
2use QuantitativeExhaustion
Thanks for the care JR, much appreciated! I actually followed some charts here and indeed, seeing it somewhere around 2 before a bounce up. I sold my position according to this idea @3.66, as it broke the support it had. I liked this stock as it traded within multiple trends, and was good for short term trading. For now, the whole markets runup and situation makes me want to be more cautious, as the new CEO starts delivering, the stock technically has room to go up, so a good one to keep an eye on indeed.
More minds that figure out how/when to time AMD big pop(s) the better. Market up, while AMD goes for no gain after 6 years, allows for AMD to play catch up plus mark-up on future revenue/earnings.
Also, check out that ride in 1999 to 2000, when AMD lagged the overall market in the 90's. Possibly a similar outcome next year into 2016.
2use QuantitativeExhaustion
Indeed, and not now at least. Amd is quite a speculative stock, i think many just ride it. And should the markets decide to cool, with no reason at hand this can get dragged down lower. PLUG also suffered from a management misdelivery ..although not making it a 1000% increase is not something i am discarding a stock for. I have this one on my radar, so if anything pops up, i might just post another chart :)
Well we might have to wait another year before we get something like this.. From I've noticed AMD has a track record of lagging the overall market, and speculators as you mentions swoop in for the laggard and run it to incredible heights.

2use QuantitativeExhaustion
Well, if you expect to go down to 2 in the first place. Speculators will trade it nicely @2.50, @2.75, @2.25 and ultimately at 2. It will some bad news to get it below at the first try, so once it is there, ill be in just for a swing (2.25 from 2 is already around 10%). As seen even from the pervious trading, 2.54 got us a bounce to 2.75 - people were quickly in before 2.50, loading up to not miss the train. I would sell if it reaches 2.95-3.00 on average low news trading.
We do have a year to kick this idea around. If we do see a breakout, 2.95/3.00 probably would be the first breakout. However, there would be more breakouts within a few months. Remember shorts are adding, they now have 24% interest in a float around 550 million. So that makes much less shares available for longs to buy-up, ~430 million.

This is adding up to be one of the best trades of the decade. Price in at historical lows, high short interest, volatility creeping towards historical lows and expecting technology that will disrupt the foremost powers in semi's.
2use QuantitativeExhaustion
I dont hold any position yet, do you? The changes wont be in that fast indeed, a year at least. But one thing that keeps this in my mind is that there are not so many competitors in the field to let this one go. Im up for anything that gets me 10%, above that is premium. But the lower AMD goes, the higher the chance it gets +10% from that low (people like to play it, and i like to ride the waves). AMD had its wave with bitcoins and since it is not hype anymore, it wont be a factor...unless bitcoins kick in again.
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