The SPY is headed for a much needed breather in wave 4 before rallying to all time highs. Look for the SPY to correct to $440 range then taking off to $470 plus.
Humpty Dumpty sat on a wall. Humpty Dumpty had a great fall -- and crashing right down beside him was semiconductor giant Advanced Micro Devices (AMD), which lost 8% of its market capitalization -- about $16 billion -- after investment bank Barclays downgraded its stock to Equalweight (i.e. Hold) on Thursday.
Hello traders and investors! Let’s see how AMD is looking today! First, in the 1h chart, it is doing a good bullish reaction. It seems we have a Rounded-Bottom after a massive sell-off, and this indicates that the bears are starting to get exhausted, and it is trading at discounted levels. To me, AMD could hit the $ 124 again, however, I’ll set a target at $...
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$AMD Key Levels, Analysis, & Targets So for this swing I’m looking at 102.30 for entry But I’m also thinking that target 2 could hit so as soon as target 1 fills I’m setting a buy order at target 2. In either case I’m looking for a 30% swing. So if target 1 fills, set your sell order 30% higher (133.38) If it sells off and target 2 fills set your sell order for...
I'd love to play AMD all the way down to around 101.19 will be playing it once we get a green day for a solid pull back or will execute some puts if we decide to automatically make new lows
Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right. first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame...
Weekly chart Analysis Potential H&S pattern in the making Support confluence on 100EMA, Horizontal support zone, Diagonal support line, Ichimoku Cloud supports all lineup well. The concern I have is a fundamental one, when looking at tech stocks, they may be dropping further if we keep printing higher yields (US10Y & US30Y) (since they are negatively correlated). ...
💡💡#SIGNAL 💡💡 AMD ▶️ Buy in Block 🔴 SLT - 1D (Trigger) #AMD_1D_300322
AMD gapped down to start the trading day on Thursday and continued to slide intraday. The stock has now come close to testing the descending trendline, which is currently near the $109 level as support. If AMD bounces up from the trendline, it will further confirm that algorithms have recognized the pattern and a larger move to the upside could come. Traders and...
AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level....
Two bullish patterns formed, one activate. The price forms the two patterns above the major support of $100 and 50% fib. Enjoy it...
AMD is coming out of the Wave 2 macro and into the strongest Wave.... Wave 3. I want to see 150s by May.
get interday idea today how to do in this 2 stock today
Looking at chip leader tomorrow for sure. I have levels here for upside and where it needs to protect to the downside. Looks like we are headed to that $300 number.
1H chart is setting up for a big breakout to at least 124 and 130...keep accumulating April 08 125c above 1.6
Double Bottom still plays out. Needs to find support around 118.50/19, then we can expect a move higher. Psychological resistance at 125 - after that 130 in play