AMD head and shoulders
let me start by saying that amd has been one of my favorite ticker symbols out there and have always been bullish on it
however , we are seeing a shift into value and a move away from tech.
worries over inflation only add to the selling pressure.
i am no bear but given the above variables as well as the head and shoulders pattern on the...
Nice setup here. As long as it stays over 87, we can target 94.49-95.50-100. PLEASE have a tight stop loss on all your longs and dont leave much capital on the line. These coming days are a flip coin! Happy trading :)
AMD has not fared well since earnings and looks to be about to re-test a previous low. Exit should have been at least mostly executed, but it isn't too late because this is going to fall further. It has room to.
Happy trading, GL, not advice, etc.
I'm thinking this is going to burst down because of the huge raising wedge forming, the stock seems to bounce up and down a lot meaning that it's losing a lot of momentum. instead of breaking resistance levels lately it seems just retest them many times.
I'm thinking it will go down a dollar or 2 on open then quickly be bought back up, what are you guys thinking.
I have kept my eye on lookout for a spot to short AMD.
Price has been playing this rising wedge perfectly.
We were looking to short it not too long ago if it would of broke through the support.
Instead it surged to return to the top of the wedges resistance.
We are now approaching the $90 level. I am interested in taking a short position their based off the...