Here are some zones to ponder for NASDAQ:AMD next week. I have some larger bear and bull scenarios, but this is my little short term sliver of FRIDAY NIGHT FORESHADOWING.
Bullish in the blue, bearish in the red. Beware fakeouts!
Get on board, buddies!!!
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
Hello traders and investors! Let’s see how AMD is doing today! It has been a while since I analyzed it, so we have a lot to update. This is going to be a Multi-Time Frame Analysis (MTFA) and we’ll study the 1h, D and W charts.
First, in the 1h chart, we see that the short-term trend is clearly bullish, the only problem is the resistance at $ 106 , which worked...
As mentioned in previous related idea , AMD just needs a minor update and analysis is still valid generally. Here I suggest you the trade set up:
Entry point : Taking out 106.82 minor high
Stop loss : 99.5
First target: 128
Reward to Risk : around 3
See the related link if you are interested to be informed about details.
Good luck every one.
Again, I would like to liquidate my old debts considering stocks analysis. At the time, there was relatively little interest in mentioning your favorite stocks, it was quite impossible to make a solid "top" of that. I solved it that way, I put in this idea some stocks you mentioned here that were at least worth analyzing and some of the choices that I am...
AMD was able to break the 1/11. 99 resistance level on 7/29. And on 9/20 was able to find support at that 99 level, and has formed a falling wedge pattern.
There's trendline resistance at 104.
AMD over 106 can cause a bigger breakout.
- Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner.
- The Upper Cross...
Going into quad witching tomorrow may get a move but my eyes are more so on next week.
My bias is long given the BULLISH option flow going into the coming weeks/October.
Want to see a break out of this descending triangle to the upside
I'm long $110 calls
Hard to ignore the non stop call buying today mostly for 10/8 and 10/15 OPEX.. various strikes
From a Technical perspective, AMD appears to be making a cup handle pattern, I also really like the volume shelf support around $105, break of this invalidates trade.
Entered long starter position at the close (higher risk) .
An idea would be to wait for a break of...