After a few very weak months the stock has turned bullish at the end of the last year. Since then the stock is in a growing trend and it seems it will continue in the future, and despite of a weak earnings AMD still was able to grow. Now it's near earlier levels what the stock couldn't break through (the current level around 23.7$ and the next one is at around...
AMD is approaching our first resistance at 25.23 (horizontal overlap resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our support at 19.61 (horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Hey everyone - I just wanted to show that our indicators will work on other instruments than crypto! Dont let the name fool you :)
Shown are 4 cryptosticks indicators. Top 2 are already released and available in the public library. Bottom two are yet to be released, but wil be soon! (also in the public library). This series of indicators is an attempt to view...
Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16.
AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD.
Meandering price action since October 30, 2018 till current date...
I am sticking to the same prediction as I have been with my past publications. We should see AMD drop to $7.27 USD which will end up being a 70% drop in price from 25 USD. We will most likely see a bounce at the 0.382 which will signal the start of our 2nd wave. I recommend shorting once our wave 2 has been completed for a safer trade.
Join our discord, Green...
I can see it bouncing around in this channel from 20 -> 25/26 dollars if we continue to respect the 200 MA
Broader markets activity may negate this analysis however
I see 2-4 week swing highs and lows happening here
AMD had a very strong 30% move from 19 to 25, and it's having a nice little pullback here.
Yesterday was an inside day and I would love to long the breakout today!
If it breaks to the downside, this trade doesn't exist anymore.
Let's see how it goes!
We will see a bull flag continuation or range expansion to the downside 17-18 area. I think bull flag possibility is kinda forceful pattern so I'll go with the second option.
Entered short at 19.6 and set more orders at 20.30 - 20.60
Bearish Daily Candles near known resistance area.
I don't expect a breakout with this...