Fundamentals:
AMD has some bullish news about their new GPU refresh lineup, so I decided to see if the chart matches. On top of that, their quarterly earnings report was very impressive to me.
Technicals
We have strong bullish divergence forming that I believe will take us to the trendline, if not higher. That is where I will take some profits and see if we can make a higher high after that to let the rest ride. It's also looking good from a liquidation screener standpoint, which I will post as an update.
Entry: 95
Target 1: 105-110
AMD has some bullish news about their new GPU refresh lineup, so I decided to see if the chart matches. On top of that, their quarterly earnings report was very impressive to me.
Technicals
We have strong bullish divergence forming that I believe will take us to the trendline, if not higher. That is where I will take some profits and see if we can make a higher high after that to let the rest ride. It's also looking good from a liquidation screener standpoint, which I will post as an update.
Entry: 95
Target 1: 105-110
Note
As you can see on the liquidation screener, both waves reacted at the same liquidation level, this is a good sign of strength and a possible short to mid term reversal for this stock.AMD has shown tremendous strength while the rest of tech growth stocks dump
Note
Now that this imbalance area is filled, we may continue to move up or down, but my evidence points to up!Note
On a smaller H4 time scale, we are forming a bullish pennant! I haven't felt like this about a long in months, it *seems* like this is really handed out on a silver platter for us to scalpNote
This is EXTREMELY questionable to meNote
Closing trade, I don't like the way that looks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.