AMD is still in beteween even if we are in an uptrend... Watch out for the trucation (Elliott Wave) Witch could open the door for a short swing soon.
Globaly we're still up for the next days if we breach over the resistance line. I see a W pattern close to his neck! I hate the fact that the volume are low.
I'm still bullish if we break over 28.11 if 2 indicators...
Interesting contrast between the price movement and Acc./dis. on this one.
Bear case:
*A/D bearish divergence with price
Bull Case:
*China and BTC (especially this)
*** AMD may report a poor performance and/or guide lower on their upcoming ER. Let's talk about it! ***
Wow!!! What a crazy move today. Google & AMD partnership. 11% up, huuuuge full marubozu candle straight through the big resistance area around $25.50 like nothing. 5 EMA crossed over 10EMA and 20EMA. MACD signal line just crossed over, RSI & STO all looking bullish. I personally like to see a gap down and test the previous resistance are of $25.50 tomorrow and...
Potential bear flag on hourly chart
- If the bulls do not make any attempt to move price closer to the 28.50 area, then the bears will have an upper hand to break down multiple supports @ 1,2,3 & 4.
- In case of a bearish scenario, a reasonable target should be within the rising window territory.
AMD is approaching our first resistance (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 78.6% fibonacci retracement) where a strong drop might occur to our first support (horizontal overlap support, 38.2% Fibonacci retracement, 61.8%, 100% Fiboancci extension).
Stochastic is also approaching resistance.
On a daily chart, we can see that AMD has been rising up since the very beginning of 2019. First was the Intel's shortage of CPUs and AMD was able to step up, and then the announcement, that Google will use AMD processors in their cloud computing services. We believe that AMD has a few more dollars of upside potential, but do not expect the price to rais above the...
Both SODE and AMD are trending in the major markets due numerous factors but the most prominent is from the recent bull run on bitcoin. AMD target is $31.75
SODE target $.045
The future is very bright for AMD, no longer is it the cheap alternative but is taking on NVDA and INTC in their core businesses such as Data centre and Gaming. It seems that AMD was not as exposed as NVDA to the crypto craze thus earnings stayed strong, ensuring the stock was relatively stable. Upgrades lately reaffirm our confidence in the stock going much higher.
AMD at a crucial place. This looks like a broadening pattern where a #6 will need to be satisfied over coming weeks and months. A very good place for a top or breakout. 80% of the time I've seen these moves in AMD, it gets destroyed soon after. A lot of impulse and hype buying on the 'news'. This is a classic place smart money takes profit. Therefore, I...
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company's segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment. The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.
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AMD
