On the way down, entry 1/2 intended position. Market reversing
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.
Dji starts at 9:15. Trading view forces the last viewed chart to take precedent for the category.
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 .
To the up trend line from. Not sure where it’s going from here
NFLX - massive run up will start late october into early november. up to 40% upside is possible with this technical setup. Buy dips later this month. Detailed SL/TP - please review my mark up on the chart. As always, please upvote my review if this adds any value to your trading and to make sure I come up with fresh ideas next. Have a nice day, traders!
Ask me for questions. But i have my money on shorting for the rest of the month. Its a classic pump and dump, some things never change.
Directional Bias: Long Price Target: 28.5 Good Entry: 26.8-27.2 Risk/Reward: $40 cents max stop/$1.3 reward
It was a nice run AMD. Time for reality to hit. Targeting ~$20ish and potentially ~16ish for AMD. Blue lines represent: profit targets for shorts taken above OR good long entry spots If shorts taken above, if stop loss is triggered, this whole trade set up goes out the window.
AMD has broken the long term uptrend with a strong impulse. Potential bullish divergence for a bounce, but i'm expecting a deeper correction.
Intel was able to get out of its bearish triangle with high volume, looks like it could be ready to start a new uptrend.
Further to my call in Apr to long AMD, it is time to call the end for this parabolic run. Stock has completed a weekly ABCD with a 1.786 extension right at a long-term resistance formed by the 2000 and 2006 peak. 240M MACD has already reversed which is not apparent in the weekly chart. Not advocating a short at this point, just something on put on the radar...
AMD -7.03% has formed a sharp downward triangle on the 1h chart (looks like the beginning of a Gartley). Lots of sell strength, only people buying are the ones who missed the pump and think they are buying the dip - BIG MISTAKE. Proof? Check out the Accumulation/Distribution , and you will find the beginning of a new peak, a new era if you will... AMD -7.03%...
This is a textbook example. A breakout in either direction is imminent, but given current volatile market conditions, I see this pushing to the downside.
Directional Bias: Short Price Target: 27 Good Entry: 29.2-29.5 Risk/Reward: $50 cents max stop/$2 reward
Time to harvest the core