sublimares2

AMD-The mugshot of a slow bullish winner

BATS:AMD   Advanced Micro Devices Inc
528 28 5
ABCD pattern might be successful finished @ 5.36 and probably until the earnings will be realised. After that - a pullback could be in play.
So you're targeting 5.36 before earnings?
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sublimares2 QuantitativeExhaustion
Yes, I am targeting the 5 level because of the indicators. They might lead into believing of a divergence but not this time- this is a very bullish sign. As we approach the end of the month a pull back is in place- we also have this abcd bearish pattern.
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Do you have an alternative harmonic measure if 4.65 is our true resistance going into earnings?
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sublimares2 QuantitativeExhaustion
Supposed the last highest high is now making a dbl top and I am not excluding it- this is my pullback abcd
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Ok.. so a quick correct, I like that. Looks like 4.65 proved to be a tough resistance area. Bulls and worried shorts tried to break the resistance and could not. I expect one more or a few more attempts, but this is the stopping ground.
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sublimares2 QuantitativeExhaustion
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Take a look at the oversold in the past - my pullback would be max 3.60. I will make later another chart with a longer term pattern. Take notice: higher lows and if now its making a higher high- there we go. Actually, I truly like the pattern- I hate it the first 5 min when I start charting it but slowly I was able to see behind it. I also agree with you- it is a high possibility of dbl top- very high possibility but I take into account the earnings date. Also, take a look at ichimoku
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Well 3.60ish would support the Fous Revival Pattern, which would set us up nicely going into the summer and confirm my 12.50 target.
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sublimares2 QuantitativeExhaustion
Cannot remember the Fous Revival pattern- you post it once in the past but my brain is not cooperating right now. When you have time please repost it. Thank you in advance. You know, AMD is a sneak- bullish and shy:)
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Here is a website that goes over the Fous Pattern

http://fousalerts.com/learn-how-to-trade-stocks-like-a-pro-with-the-fous4-trading-system/
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You're convincing me to switch from my 3.00 Feb 22nd Long Put play to 3.50's
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Here is the alternative theory. I have the stronger red arrow as more probable target, while lighter arrows as second/third targets. Fous Revival Pattern if ascending support were to hold, and or rectangular support matching previous bottom at 3.04. If both were to break that could set up a much longer term double bottom pattern possibility.
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sublimares2 QuantitativeExhaustion
This is what I am thinking
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Notice the oversold area of STO indicator and the bullish move.
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The only way that's happening, is if we see an earnings surprise. I went over the numbers several times, I can't even figure out how there going to show a positive earnings, and analyst are calling for .06. My bet is negative earnings report and a big miss on estimates. However, an upbeat earnings call might fight a further stock drop and hold the 3.50-3.60 area.
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sublimares2 QuantitativeExhaustion
It is a deja-vu -last time the price was pushed up and ta da- surprise earnings ( perhaps not a surprise after all) and the price went down- this time the same story? The price making a higher high or at least dbl top and than goes down. Sometimes earnings are about expectations and the Q4 is usual the most honest one. So, this might be the last negative earning for AMD.
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Last negative earnings.. I would agree with that theory. People right now are buying into the news hype regarding AMD superior APU and GPU cards, and that is playing into the smart investing shorts who are betting up an earnings miss. This is why AMD is running.
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Dear Sub, Thank you for publishing today. There is still so much for me to learn and you are a wonderful teacher. Sincerely, Beauty
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sublimares2 BitcoinMedusa
Dear Beauty- thank you for the kind words but I still have long way and I am learning from you all time. I love your new charts with the fancy, intelligent "gadgets" . Stay safe and well- always a pleasure to talk to you-:)
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I agree to your target. But I think it will rise much slower. If you compare how it behaved within the first 2 waves the you can imagine that a downward correction is due now so that the timetable until the earnings is to tight. We may see the target but later, perhaps in March.
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Yeah, I'm betting second and third quarter's will be great. Third even better. I also know AMD is a news driven stock, so if we get the news Apple, Microsoft, Samsung, LG, or Google is moving to AMD for APU/GPU systems in there smartphones/tablets, we will see an explosive stock move. This will probably happen this summer. I'm targeting $12+
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sublimares2 motleifaul
I agree it- it is a slow moving stock but with a little help from media hype this might easily gain the $1on the upside.
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Media will aid on non-earnings day's like today. When it comes down to earnings, numbers speak louder than words.
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sublimares2 QuantitativeExhaustion
Very true - we still have 4 trading days until earnings and for sure some signs will come out.
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We need to work on SLV next. AMD chart has been hashed out and trigger date is only a few days away. SLV is next on my list for a breakout.
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Thanks for the chart!
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This is going to make higher highs
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littleriver sublimares2
Thanks for the update. I agree. Looks very promising here.
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Forgot to attach picture:) 1 trgt shown
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update weekly- definitely a bullish ascending triangle setup on weekly- broking the resistance it would help the price reach the 7 level. Earnings in 3 days and always a rollercoaster for AMD.
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