Have not played MU or SMH traditionally, but it's been one of the steadier semi's going into late January, and has not been affected by NVDA's weak guidance update. Has been working through an ascending channel, and now appears to be breaking out of a bull flag, supported by a demand zone. Targets have been mapped, but expecting 40+, settling down once it reaches...
I'm not trading this, but posting it as something to watch. We have a few weeks/months until other semi's report, so it could easily ride this line into the 200dma, though it will likely see some consolidation as it ascends into future supply zones. Risk/reward not here for me until it shows its hand a little more.
With Nasdaq and the Dow officially in a downtrend, and have a lot of further down to go, i believe tech stocks are going to have the biggest impact on it. Right now AMD is doing a flat ABC, where it's going to test 24 USD again. I would place a short at 23,8 USD with a stoploss at 24,5 USD. As the title says i expect it to drop to 6 USD. With could...
looking at those puts, trading at 0.32 currently $XSD $SMH
i know that many are so bearish in the Semi and the Chips but this chart is so bullish for me , buy the dip even with bad earning and be patient with your trade hopefully earning will not be too bad today so lets see double bottom on the chart with higher low in the indicator, lower high in the chart and higher high in the indicator
AMD is a well known chip maker but the earnings expectations are way to high in the tech sector at the moment and like Nvidia got hit by the market, AMD will also get its slap. We build a nice head and shoulder and the drop might get caught between around 10$-13$. There we will have a strong technical support and we will see what happens. Butttt AMD got really...
Expecting AMD to hit it's optimal buy point in June 2020 per my daily model (eue.tu.wb) brschultz
We've got a bevvy of earnings announcements on tap: AMD: Tuesday After Close AAPL: Tuesday After Close BABA: Wednesday Before Open FB: Wednesday After Close TSLA: Wednesday After Close X: Wednesday After Close AMZN: Thursday After Close Out of these, AMD (73/74), TSLA (70/73), and X (79/58) have the best metrics for volatility contraction plays. ...
From the looks of things, AMD is forming a nice Head & Shoulders pattern which gives multiple opportunities to capitalize on the short side. First by hitting our target neckline, then breaking that neckline and moving lower to the patterns short target then heading even lower to it's next level of support. I'm just focused on the neckline for now, however will...
AMD is approaching our first resistance at 23.67 (100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.63 (horizontal overlap resistance, 61.8%, 76.4% Fiboancci retracement). Stochastic (34,5,3) is also approaching our first resistance where we might see a...
certain levels which we will go over in our room #Team Precision
Speaking specifically about AMD I am bullish short term. The medium - long term is where things may look bleak. From a macro perspective, a lot of cyclical stocks out there are showing signs of vulnerability in their cycle, which may hint at the trajectory of the bigger picture.
NASDAQ:AMD forming inverse head and shoulders. In my opinion it will attract new buyers at 21.5 will try to enter with a stop under 200 EMA 19.3 for a swing trade.
Expect an ABCDE correction for $AMD | #AdvancedMicroDevices!
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) It seems that the wave C is missing to finalize this correction. We still have room to go down potentially to the 0.382 Fibonacci level, around 14.
AMD is due to present earnings at the end of them month. AMD has held over at $16.00 over the last couple of months with the most recent and current rally. AMD seems to trade mostly between $19.30 and $21.30 during that time. The last two days the AMD declined sharply after getting to the $21.30 area. Most other tech stocks have outperformed AMD the last two...