Interesting contrast between the price movement and Acc./dis. on this one.
*A/D bearish divergence with price
*China and BTC (especially this)
*** AMD may report a poor performance and/or guide lower on their upcoming ER. Let's talk about it! ***
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.
1. Bearish trend in weekly chart:
2. Fibonacci retracement level around $25-27$ reached from previous high in Septembre 2018;
3. Upward trend since the begining of the year losing momentum and volume to back it up to newer hights;
A. To watch recent support level at around $15-$16 for any bounce back or breakout;
A: What is Nvidia?
This is a $200 stock. Thinking we will move up through the flag/wedge we've been forming. Hoping for a reach and ride along the multi-year kickoff trend line used as a stepping stone to potential ATH in the somewhat distant future.
Long @135, looking for 225 at least. Will begin selling 225 covered calls against my position close to the...
Pretty clear long term channels dating back to 2000 and 2003. Plus a steeper near term growth channel has formed between two uptrend lines, confirmed with multiple touches. Looking for SOX to step up into new highs and for much of the past resistance to become support.
(1) - Looks as though this move down may have already occurred this week and we found some...
From a macro top-down framework, the current environment heavily favors the bears. The leading data continues to show expected weakness in the economy over the coming 3-6 months.
I would love to hear your feedback, have a wonderful day!
AMD is forming a peaks and valleys trendline pattern which is less common nowadays than in prior decades. One aspect traders need to watch for is shrinking run gains as a stock nears a resistance level. This warns early of profit-taking risk.
ATH is 114. I'm not expecting us to go there. AMD had it's run up already, SPX is looking slow (and like a Head and shoulder on the weekly). I'm better as a bearish trader which sucks in the kind of rally we've had from the bottom, but I've adapted by being more patient and precise with my entries and stop losses.
Short entry 112.70
AUDC has similar technical patterns to AMD and other semiconductor stocks. The activity has pre HFT setups. Pro traders are in the mix. HFTs tend to gap and run the stock upward. Candlestick patterns and volume reveal pro traders and HFTs.
Bitcoin has been making headlines in the news lately because of the recent price surge resulting. Advanced Micro Devices Inc (NASDAQ: AMD) is able to capitalize on this opportunity as the company sells chips for Bitcoin mining equipment during a time when there is an increased demand for BTC mining equipment. Other companies are also benefiting from the fast...
TER is one of the few stocks moving with momentum in an indecisive market condition. It is a semiconductor stock that has a similar technical pattern to AMD, with Dark Pool buying intermittently through the bottom formation. The stock recently pushed through strong resistance. With earnings in 3 weeks, this may be the start of a pre-earnings run. Watch the next...
Side note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes...