AMD: Humpty Dumpty Had A Great FallClear break of horizontal support and confirmation of bearish head and shoulders. Remember to wear knee pads.
Amdshort
Update to early counter-trend IdeaThe asset is still in an up-trend, however, opportunity exists for a pullback short.
It is currently in that phase of bulling back. Yes I said bulling back.
do not chase parabolic moves.buy rosh hashana SELL yom kippurThe old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did we learn from bitcoin when that happens. third, add trump, add yom kippur selling (keep in mind yom kippur begins WEDNESDAY NIGHT) that means SELLING occurs on monday and tuesday to unload shares prior to the wednesday holiday. Its a situation where there is fasting for an entire day (much like the muslim holiday ramadan) do you think the smartest guys in the room are making huge bets for their institutions when everyone else can trade that day and they cant, on an empty stomach? Sure, call me out and call this trivial, but look at the history. The facts are right there. I LOVE AMD, but right now I DONT. and thats ok. Get out while you can, do yourself a favor, turn yourself away from the stock market if you're perpetually long and save face. If you're short, this is your literal DREAM. I wish only the best of luck to the smartest guys using tradingview platform. Ive learned so much from the community here and i want to be able to GIVE BACK. God bless you all and i wish you millions if not billions in your individual brokerage accounts and/or retirement accounts. GODSPEED. NASDAQ:AMD NASDAQ:INTC AMEX:XSD
Bearish on AMD in the short termUp over 200% in 4 months
Daily candles is bearish
expecting a pullback in the shorter term
AMD ShortNASDAQ:AMD Short
Reason:
DEMA Cross
Stoch signaled reversal above 80.
Entry: 16.50
TP around support: 15.75
AMD SHORT OPPORTUNITYI swear I thought I published that idea 2 days ago or yesterday, can't really recall when I saw the set up. Either way, this is a medium term trade (1 to 2 months) so you have time to get in. It seem like a lot of tech stock are in distribution phase so look around, plenty of similar set up. Targets, entry and S/L on the chart.
Trade Safe!!!
Ps : Not Financial bla bla...
AMD SHORTAMD has continually tried to break through the resistance line but failed also a Bearish Head And Shoulders Pattern has formed meeting support line and likely to go down
AMD Short - Based on Technical DataAMD broke down below the 9 day MA and the 50 day MA. I think that she is going to continue this action and will be looking to exit at the next point of support around 11.66. Stop loss is set at 13.50.
I am optimistic that the trade will be good to hold until the earnings report comes out. Now, my plan is that no matter what, I will be exiting the trade BEFORE the earnings report, so as to lock in profits.
AMD Clear Area of SupportAMD has been on a massive uptrend, the selling off right now is nothing to worry about. At first the market reacted badly to the Ryzen but in coming days I believe people will realize how good it actually is.
From a technical stand point the area's of support are between 12.92 and 12.42
AMD is trading above its 50 SMA which is widely referred to as the institutional buy/sell line, which also confirms the trend. If AMD cant hold between its support this will be the last place it can catch footing before officially turning around into a down trend.
Summary:
Short AMD to 12.30's
Buy AMD if holds at support levels, or 50SMA
Of course, this is just my own opinion, and do not take this as financial advice. Do your own research before trading stocks as there is great risk involved.
AMD shortI really dislike recommending short or long because I am a newbie and I just chart without news or feelings. So please take them accordingly.
This is outside the channel now volume seems relatively high on down move compared to last time.
12.63 seems to be the support on Weekly- Daily support is 10.99
