This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Advanced Micro Devices is bullish, but it was a correction phase between 08/05 and 09/20.
the candle of 09/20 was a good point of retournment.
Now the break of 107 by the price and to close above tenken (actually is 107,15) are the two signals to buy and the the resumption of the bullish trend
You are taught to " Buy the dip ".
You are told " The trend is your friend "
But what is the dip and what is the trend, subjectivity destroys traders every single day.
I see so many traders trading supply and demand zones so reckless .
Every trader I watch just marks random zones and calls them supply and demand.
What is that?
When picking a supply or...
Mid July I posted a bullish idea on AMD and how the $93.50 level approximately was the level we wanted to watch as being key to AMD retesting and breaking previous all time highs.
Well AMD broke and found support at the $93.50 price level and upon doing so the price sky rocketed from that exact point and found itself on every news network this week that covers...
Its been a rough go for even the most bullish setups on equities lately due to the rocky nature of the macro with recent news of further inflation fears. Nonetheless we continue to hunt for the setups if not for the gains, then most definitely for the learning lessons that the markets can teach us.
For this asset, we keep things simple by keying in on an uptrend...
AMD doesn’t seem encouraging to me unless we close above the yellow trendline. Otherwise, I believe it will soon test the bottom of the channel that it happened to be the lower Bollinger band at around $74.5 before it bounces back to the 80’s.
Pretty simple trade setup here, expecting us to return to the middle of this channel quicker than previously, in as little as 20 days, as long at 50 days. Price target $100-$110.
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
BUYZONE = 83 - 88
CAD (Cost Avg Down) = 75
1st Target = ATH
2nd Target = 113
3rd Target = 123
HODL Target = 137
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial...
Video breakdown going into 1/12/21. $AMD Event tomorrow AMD Keynote
TUESDAY, JANUARY 12
11:00 AM - 12:00 PM EST
DURATION 60 MINUTES
AMD President and CEO Dr. Lisa Su will keynote during CES 2021, presenting the AMD vision for the future of research, education, work, entertainment and gaming, including a portfolio of high-performance computing and graphics solutions."
$AMD is trending down after a strong open.
It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run.
A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached.
This remains a LONG LONG LONG, and nothing has failed in the...
$AMD Advanced Micro Devices is establishing a very strong support level on dips @ 97.1 per share.
We're still MEGA LONG On this, but the positive is the bottom refuses to fall out after a big pre-market gain: Yet another major bullish indication.
GL, ride the waves, do whatever.
See attached idea for the Long Call earlier this AM.