AMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it...
AMD appears to be bouncing in between support and resistance on the Dailly Chart. I entered my swing trade at $74.90 and plan on exiting at $100.98, assuming AMD cooperates and does what I want it to (if it does, I expect this to be a 2-4 week swing trade). Interesting trade in general. What do you think?
Google is pulling into support with MASSIVE bullish volume (the biggest bull volume (that I can see) since March of 2020). Potentially a good play to go long with a target at the 100 MA. If the bull volume gets trapped, I imagine it would go very bearish quite quickly. Just my opinion. Thoughts?
Amazon had a nice bearish retest gap today, finishing with a bullish hammer into the 100 MA. Notice as well the massive bull volume (the most since July 29th). Potentially a good swing trade with an entry above, a stop below, and your target at the 200 Moving Average. Thoughts?
