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mo_trader37
May 1, 2020 4:28 AM

AMD bullish  Long

NASDAQ:AMD195
Advanced Micro Devices, Inc.NASDAQ

Description

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hello,

i'm still bullish with AMD from pattern/technical side, they miss the earnings and a lot of sell off last 2 days.
i think this price action is flat correction were wave C = A and the price should go up tomorrow with no question, else then i'm totally wrong with my count.


my stop is $50.30 my target is $60

thanks.
Elliott WaveAMDamdlongStocksstocktrading
Comments
yoshi420
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guess not. stopped out
mo_trader37
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@yoshi420, i'm still in, will see next week. FLAT correction & gartley pattern as i can see

cleon4crypto
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The 50 day EMA also looks to provide support and a bounce opportunity...around the .5 fib level 48.16...what do you think?
mo_trader37
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@cleon4crypto, well i am sure that this should move up somehow the sellers / bear more stronger than bulls ,

one thing to note is many call options bought in the 60 strike July 2020 not to mention the 50's calls huge volume weekly.

the whole market was red today in general even apple with their super earning still week, investors are bearish

i really hope this sucker will go up next week :)
uncle_from_farm
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so you are out now ? as we breach 50,28 ?
mo_trader37
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@uncle_from_farm, i'm still in till the end of day i will see
mhrajib
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@moe_waves, i agree with u, my Fib Retracement shows we can drop till 48.5 too bt after that it will bounce.lets hope for the best
mo_trader37
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@mhrajib, i hope so :)
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