BLOOBERRY

$AMD is Consolidating. Trade the Volatility

NASDAQ:AMD   Advanced Micro Devices Inc
127 2 7
Extreme upper and lower bounds are $3.85 & $3.35, respectively. Daily HILOs plot a trend line for price consolidation at $3.70 testing $3.75 resistance every now and then. $3.75 target is essentially the multi top resistance.

Since there is a significant price consolidation after the news catalysts of the partnership in China, we can expect profit from dip-buying the lower bounds of $3.50 & higher lower bounds of $3.60. By following the Bollinger Volatility Bands a rough 0.10 - 0.20 cent profit can be made per share, as long as the daily volume maintains.

Personally I already made 2 day trades on this for an average of 0.17c/s profit. Waiting out for the $3.50 or lower dip-buy before re-entry. I would recommend viewing the 1 minute and 5 minute charts for full effectiveness of this strategy.
wow.. your numbers are very close to mine! i agree w/ you.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out