This is a hailmary but this what I see. After earnings, the uptrend continues to the $40 area that will be the head and the right shoulder will follow with prices to fall below $20 by the fall of 2019. That is when America will find out who will the next CEO of the largest economy in the world will be.
By counting the waves, I have this as the end of the entire B wave structure.
Shorting between the 0.382 (price. 28.70) and 0.5 (29.70) fib extension, would be desirable.
For the wave C- wave i have the first target at 21 USD, where the .1 extension is located.
For the fundamentals it was reported that AMD -2.20% has been underperforming in terms of losing...
Added into my AMD shorts
Added levels at 26.44. The target seems to be good for a long-term downtrend in the weekly chart as well
Looking to ease some at 22.29 and more at final target of 20.46
It's been quite a while since I posted AMD trading opportunity last time.
In my 1st year of tradingview it literally was my best name as it had numerous harmonic patterns trading opportunity!
After all those bullish ideas, it exploded to the sky last quarter !!
Here we got this demand zone long opportunity, one of the chance to take on the high-speed train!
I...
that gap fill is coming and will drag the entire US stock market lower next few weeks. You've been warned!
Major implication for BTCUSD also. Stage 2 of the dump in QQQ is coming sooner then later.
stay safe!
Quick 10 minute overall look at AMD through my perspective.
Moved my buy at 24.60 ,10 minutes before opening bell. FeelsBadMan
Let me know what y'all think about AMD's future movement. As well as any info on the Chinese chip markets.
Take care.
Bullish divs are forming with lower price lows and higher RSI highs. AMD has been one of the hardest hit tech stocks in this market drop off so I can see a dead cat bounce forming over the coming days to make the B wave. I would be looking for a gap down tomorrow to fill the $24 gap from a few weeks back before making our way back up to the $27.50 range.
Semi conductors are not going anywhere, they just completed a huge run. Fell out of the wedge and I dont see this going below 80$ ever but I see it testing a couple spots below and breaking north .
