AMD/INTC has broken above a trendline (on the log chart) for the first time since 1985.
AMD/INTC represents the performance of AMD relative to Intel.
For the first time in a very long time, AMD is taking the lead over Intel and is challenging Intel superiority in the CPU market.
AMD shares of data center is roughly about 2% while the rest is Intel.
AMD market...
AMD reached at strong weekly resistance level. wait for breakout. It has been a tough week. After quarter earnings was out we digged down until we tested a powerful support level $29 but thankfully we didn't break it out. and rebounced gaining nearly 5%. So excited to see how would market play this out next week. So i'm keeping my eye on it and also on this other one
While $AMD has fallen with the $SPY, its bull trend is still in tact as long as $28 holds.
For those looking to make a trade, this is a good risk/reward setup.
We expect the market to calm down and resume its uptrend.
As always, use protective stops and trade with caution.
Good luck to all!
Few things in trading are more bearish than failed breakouts...
Will remain bearish 'til it can open and close above RES.
***Let's talk bout it ... ***
AMD continuation uptrend and close to resistance level. It has been a tough week. After quarter earnings was out we digged down until we tested a powerful support level $29 but thankfully we didn't break it out. and rebounced gaining nearly 5%. So excited to see how would market play this out next week. So i'm keeping my eye on it and also on this other one
Priceline of ADVANCED MICRO DEVICES INC has crossed up the consolidation level of $33.37.
Now the RSI and MACD are turning bearish.
The price action can touch the last consolidation level again and test it as a support at $33.37 and then it will move up as we have strong support of moving averages beneath the price action
Regards,
Atif Akbar (moon333)
AMD reversed off its resistance at 34.08 where it could potentially drop further to 25.17.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AMD reversed off its resistance at 33.06 where it could potentially drop further to 25.17.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
My TA as listed above. AMD for a buy on Monday, Stoch RSI on upswing, Gann Fan is probabilistic and resistance tested too many times. Yellow resistance above will be new support, set stop loss there. Only way it wont break resistance is if trade war escalates. Comment below with your thoughts. Happy trading!
Ranges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses.
Relative to previous bearish impulse we are now in a bullish correction. So algorithm expecting a short term bearish impulse.
$AMD, do you really want to bet that AMD's new GPU will save AMD share price from the negative cycle dynamics and dot com valuation???
Revenue and earnings growth are already at +1 std deviation levels and turning south. The weak guidance was inevitable and considering the CEO sold shares at $34...I am surprised there has been bids for the stock. She knows...
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