Current Price at Posting: 6589 Directional Bias: Long Price Target: 6800+ Good Entry: 6530-6550 Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks. Trade Idea Invalidation: Hourly Candle close below 6500
The chart paints a bullish picture coming into Q1.
The sector rotation kinda turns back to some of the tech stocks yesterday, some bullish set-ups worth some attention. Here I got this AMD, which I haven't posted its idea for a while. It's forming a bullish bat pattern after hitting the 0.618 spot, and it hasn't really tested the entry yesterday. I will still be willing to look for reversal sign in front of the...
Dear Traders, After the fiasco at NVDA (lol) A lot of new investor are looking more and more into AMD which is it's direct competitor. AMD is showing a lot of potential. RSI and MACD Histogram showing bulls are in power and price action reflects that. Looking at where the price is located I see its just under the 100 moving average (located at 20.74$) which...
I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier. Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the...
We could see that AMD trying to fill the gap from Oct 25th, 2018.
Directional Bias: Long Price Target: 7150 Good Entry:6800-6820 Risk/Reward: Max Risk of 30 points/Potential Reward of 250-300 points Closing below 6800 hourly candles invalidates.
Playing short term bounce. I am bullish long term, but market may not be kind to good companies mid term. Still chances to buy oversold assets.
RSI support and resistance lines. 15m AMD is under black EMA(633) it's pretty bearish, lets see what will happen next.
Let's see if AMD can pan out like this - will update along way.
Directional Bias: Short Price Target: 7140-7160 Good Entry: 7000-7020 Risk/Reward: Max Risk of 30 points/Potential Reward of 100-130 points If target is reached on the idea titled "Some NQ Loving", it would present a good opportunity for a little retrace. Given how weak AAPL is, a gap fill type move isn't out of the question.
Watch for a breakout of the rising wedge to the downside as it hits the cloud.
I am bearish overall on equities so I am spotting ideal entries on overbought assets, especially those that have generated a lot of buzz over the last few months. AMD is overbought and approaching resistance. Should present a nice trade setup!
On the release of their recent announcement, AMD decided to make a move up. In the near term it should do a gap fill. My personal entry has been marked in red at .618 fib and the targets are the blue levels. Original idea by Pheneck
On the release of their recent announcement, AMD decided to make a move up. In the near term it should do a gap fill. My personal entry has been marked in red at .618 fib and the targets are the blue levels
Directional Bias: Long Price Target: 22.5+ Good Entry: 19.5-20.3 Risk/Reward: Max Risk of 50 cents/Potential Reward of 2-3 dollars A daily close below 19.3 invalidates the trade idea.