AMD initial rebound up

AMD had a pullback, but may be nearing the bottom and pushing up this week. Just a short TA. We shall see what unfolds here.

Comment:

Meant to post this update here vs below. "If price dips back to the consolidation point of 107..AND HOLDS- expect additional consolidation here and a sharp fast rise back upwards for new highs." As of this morning looks like we have retraced and holding. So new short term highs are looking very probable- around 116-117 ish. Expect consolidation here before ramping up for higher price action. If price fails the consolidation point- it goes to 102.00 before rallying. Hopefully it wont do that

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Morning- if price cannot get above 112 then the move is a bust and retrace to 102.00 for additional lower opportunity. If it gets above 112 then its going to be a nice upside swing. Additional resistance is being seen and this tends to happen on this pattern but right now there is not enough confirmation. Opening bell was a gap up and this is traditionally associated with higher prices, so stay tuned and watch the price action. Set your stops if necessary.

Comment:

More specifically if price gets below 109 it should go lower.. if above 112 higher. Consolidation zone.. the good news is support does exist at 109.

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Liftoff. Expect consolidation around 117 with further upside gains! Enjoy!

Comment:

Liftoff not long lasting. Price seems stagnant doesnt it? Appears there is a bigger pattern forming so a dip back down to 109 not out of the picture (very possible), but the upside still in play. These retracements are to prevent the profits from going to you and me.. but patience will win out. Set your stops if your nervous. I personally dont use stops for personal reasons.. but they are there if your new to trading.

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Expect a deep pullback around 166- going back to 110-109 price point. Just has the look of a new pattern getting involved here. Ill keep this chart going until we reach target and may establish a new target along the way to reflect new pattern adjustments that develop. For the weary - set your stops on this one things are going to get a bit bumpy.

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The same holds true- price action ash receded. Expecting 109, but we could check up at 113. Set your stops if needed.. there is still way more meat on the bone, but this wash out cycle will put doubt in holders- thats exactly when the price will rebound. So even if it does retrace to 109 expect more. A 113 retrace is ideal but its very early to call either way. This week is prob going to be a nothing burger for gains- expect sideways and down movement.

Comment:

The longer term theory is upside, but the pullback -(specifically at this point)- is expected and NORMAL.

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No surprises this morning... str8 down as expected to flush out holders before the move back up which will probably be next week.

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good initial bounce but there may be a return back to 110-109 with sideways consolidation before the boom upside. if you did not get in or sold.. you have a good chance of getting back in. ..and if you held your SOLID.. accumulate more on the dip.

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Hope you guys didnt fall for that fake rally. The price needs to get back to 109- 110 and consolidate. After that we can expect that rally until then these are just stop hunters. Lets see what develops next week.. I am expecting to see this support and consolidate- trade sideways then we can get upside. Have a good weekend until then.

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we got an early retrace this am to 110.. I think we could go one more run to 109 and then IMO, we should be running upside very hard and fast. 2 intermediate patterns are taking place at the same time. The overall major pattern is still forming as well. I may update this chart to show when we get back to 109. If we don't get back to 109 expect price to hover or hold around 112, and continue upside very fast. This is a more volatile time for ppl to get shook out so keep your eyes on the price action.

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looks good so far with this downside action. 109 is the price you want to look for good support at. ook awhile to get back down here but 109 has established support and I would expect the final upside action to take place after 109 support has been established.

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Showing some stability and stagnation.. but anything about the green line 113 should work in a LONG favor. Below green line is going to be bad bad- very bad.

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AMD Post market price 116.00- Lets GO!!!

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Price Target 1 reached... lets see how much more we can milk off this bone!. I am looking at 124 as price Target 2- a top before retracement takes place!

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CLOSED position. Target reached. Price action seems a bit weak right now so I am ok with the target price being reached. I do think more upside comes but with weekend approaching we can see what develops Monday.