IvanLabrie
Short

AMD: Rising wedge and extremely overbought

NASDAQ:AMD   ADVANCED MICRO DEVICES INC
a year ago
There's an interesting setup here in the AMD             daily chart .
After rallying off a base and shooting high, far from the earnings' levels, AMD             is offering an interesting short setup.
It's worth considering a small entry here, simply based on the size of the target vs the stop loss.

The chart shows a potentially complete rising wedge or terminal triangle, which would imply a sharp selloff to commence soon, and reach the starting point of said structure in 1/4 of the time it took to form it.

Cheers,

Ivan Labrie.
a year ago
Trade closed: stop reached: Stopped out, was a tight entry, small risk size, so it was worth a shot.
a year ago
Comment: http://www.overclock.net/t/1585148/the-holy-crap-amd-is-going-to-be-able-to-use-samsungs-fabs-discussion-thread

This is why I got stopped...
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
That's some RR!!!
Reply
IvanLabrie TOP morshedul.sazid
a year ago
Let's see if the stop holds, if it just goes down then I'll be proven right...would be a nice trade.
+1 Reply
LastBattle
11 months ago
Rising wedge breakup! LOL...
Normally this is only unique to bitcoin
Reply
IvanLabrie TOP LastBattle
11 months ago
There was no wedge...:)
Reply
IvanLabrie TOP IvanLabrie
11 months ago
(This is why I think in general, trendlines and 'diagonal' type thinking is useless...rising/falling wedge can be very powerful but hit rate for them is very low)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out