AMD is in a heavy downtrend. It won't get there in a straight line, but I can see $74 as a super strong support and if we break through 64/65 is another strong support and a gap that could be filled. Trade with caution.
We have a very high confluence of support zones, trend lines and bottoming Tail pattern at current levels in AMD which indicate a very high probability of short term reversal potentially upto 95$, which is the gap fill area in our charts. SL is confirmation below 78$
We broke "down trend" couple weeks ago (it was fake as we can see) and IMO we might go lower same percentage or double, i hope chart makes more sense than my stupid explanation lol
Here we discuss everything that transpired today on 6/21/2022 and then go into market analysis going forward... This week i'm bullish on GBPUSD and overall daily and weekly bias remains bearish
Great bounce from 92$ supply zone. Potential to test the red resistance line around 100$. Also gap down around 100$ will act like a magnet for price action to fill the gap. Based on the reaction on the red resistance line, we can either confirm the head and shoulders pattern over medium and long term which will be bearish if true. Disclaimer : Educational...
MACD making higher lowers with price making lower lows. #WorthWatching #BottomNotConfirmed
AMD is at a tipping point with daily volume exhaustion If there is a break below the last two trading days, shown by the trend line, it may go back down 24% in price This downtrend may take place within the next three weeks, starting the coming week Then end of this downtrend may also mark the end of Q2 trading market at the end of June Good luck and don't...
Not time to do a detailed write up. But I'll post my 4 hour green count for AMD to show the smaller degree wave count on the 4 hour chart, which is a follow up to my daily chart below. Lots of confluence around $70. It looks like we need one more low on what appears to be the ending diagonal of green wave v of wave (c) of wave 4. Sure, it could truncate...
Lots of support between $67 and $70. Nice looking divergence on the daily MACD. Weekly MACD is trying to turn up. Monthly MACD is still pointing down. #LongAMD #BottomNotConfirmed #NotAdvice #WavePrinciple
AMD analysis. Stock is currently in a big downtrend. On a daily and 4 hourly chart is a little bit extended to the downside, which i expect a pullback soon, especially before a long term support. Pullback could create a nice long opportunities. The stock with be correlated with the markets direction, so time it right. Do not enter the stock with full size but...
I hope everyone had a great weekend. AMD. Here is a quick review of a few possibilities and ideas. I have been tracking this very large ascending channel (black line) Last Friday, price broke down below the trendline, we can consider a quick retest on smaller time frames (not a strong retest) and price kept on moving lower. One of my rules to trade breakouts /...
We are at the very bottom of this pull back on the daily chart... ONCE we break out I will be looking for puts below this rising channel.
AMD 4H I AMD was rejected right near its downtrend on the daily. And we now have a bear flag formation on AMD. Support near $92 and $82 if the flag is broken. TSLA 4H I TSLA has been trending down on the hourly ever since the beginning of April. We have resistance near $710 and $725. Support near $625 if $685 doesn't hold. MSTR 2H I MSTR is breaking down from a...
INTC Intel: range confirmed See you at the bottom, 27$ mini imo
Zoomed out view is starting to show rejection of mid BB, which means price is starting to move away from the median for this timeframe. Combine that with the ample supply and you have recipe for a disaster. positives are that price is holding 60 VMA for now. That could change though, as it is barely supporting currently. Not being a doomsayer, but one...
Hello traders and investors! My last analysis on AMD was on April 27, but my previous reading was very accurate, as it respected our key points very well (link to my previous analysis below this post, as usual). Now, we must update a few things. First, in the 1h chart, AMD reversed the trend, as we expected, and even when the volatility increased, it couldn’t...