1. I've used independent forms of analysis to show a ~14% downside to the ~240 level 2. I want to EMPHASIZE that this move will most likely be news based; i.e. "no one could've seen it coming" but the charts speak for themselves
Short idea is summarized as follows 1. stock has gone parabolic and these typically have aggressive corrections 2. robintrack shows sentiment is extremely optimistic so would like to make a contrarian bet 3. assuming a SZ 84-88 so taking a $4 risk and executing the trade via November PUTS. 80 strike
Hi Guys, Lost 2 trades in $BA and 1 in $AMD with 1 win back in $BA. Uugh, what a nightmare. Enjoy, Enda
I won't short unless AMD breaks $69.05 on Monday. The market should rally on Monday imo. I would love a clean break and retest of the resistance level ($69.90 before I hop in. My long PT is $72 and my short PT is $67. Higher timeframes are still showing bullish momentum to the upside. We could see $70-72 before AMD falls. it should run up before ER
its nice when things go in the right direction.
Hello Traders, In this video I tried to talk about my view on AMD... The price of the stock will be hugely depended on the Virus situation moving forward... As long as we do not have a second wave on the virus or big sell of on the stocks It should grind higher... Do not ever Forget the content on all of our analysis are subject to change at any time without...
Hi traders, Thursday was a pretty decent up day, ruined only by a bit of greed from my side in the AMD Short trade. But even after missing the best exit of the day, I squeezed a little extra from my typical RRR setting. The Trades: 1) NEO - LONG @28.35 - Unusual situation that I decided to go LONG into on the breakout pattern above 28.32. Sadly after the market...
Hi traders, Another recap of today's ID session. Great mover AMD which I was planning to go Long in failed and instead offered a great Short opportunity. Key takeaways from the video: 1) Always be ready to be wrong in your expectations and profit from the other direction. 2) Watch for relative strength/weakness compared to the overall market! 3) Wait for the...
AMD just flag poled, lets keep our fingers crossed but I'm all in. Hoping to see some GAINS.
Good looking potential Short on AMD using our Roller Coaster Indicator Suite. Watch out for the previous Bullish trend wave 4 pivot highlighted in the Video using our Elliott Wave Indicator Suite. Our entry short needs to be below this pivot....
Have a wonderful day all!
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.
Facebook continues to trade as expected however, the decline might be halted at the 50% Fibonacci based on how the current structure is unfolding.
My concerns of anything more than a pullback are subsiding, Chinese PMI is in expansion once more which is confirming that the majority of poor economic performance is likely finished. Over the next 6 months we expecting to see hard data underperform, compounded with a rising dollar it is a headwind for equities.
Analysts do not have an economic slowdown priced into their fiscal year 1 & 2 earnings estimates.
From a macro top-down framework, the current environment heavily favors the bears. The leading data continues to show expected weakness in the economy over the coming 3-6 months. I would love to hear your feedback, have a wonderful day!
This is a company that showed up on our radar last December, its performed fantastically since! Near term risks are present so do yield caution.