AMD: Stock Market Analysis
Hello everyone, long time no talk.
I hope you all are doing well, I took an extremely long break from trading and decided to take some time to learn from all of my mistakes. Sadly, I went through a really rough streak in the past but we will see if I am capable of learning from my mistakes and if I am capable of being a profitable trader.
Enough talk, lets get to business.
I have many reasons as why AMD is a solid buy right now and where the price target is to sell. Please bear with me since I do have a thorough explanation.
1.) Structure:
-Ascending triangle formation
-Confirmed double bottom on the daily/weekly time frame
-Clean break on resistance on daily/weekly chart.
Each one of these reasons show why we are in a bullish position to buy, and now is the time to enter the trade.
2.) 20/50/100/200 EMAs:
-100 day EMA shows as a strong region where many buyers enter in.
-We are in a true up trend and Golden cross formed on 23 May 2018. I believe we are still on a bullish upward trend.
3.) RSI/Divergence Indicator:
-Bullish Divergence did form on the four hour and is confirmed.
-Still have plenty of room on the daily time frame before reaching the over bought region.
-There also seems to be many buyers in the 40 region of the RSI in the past. (This paired up with the 100 EMA shows a strong bullish trend.)
-When the 40 region showed a strong bounce up and a mixture of this stock touching the 100 EMA, there was a very strong break out for AMD. Could see another one forming again soon.
4.) Conclusion:
-From a scale of 1-10, 1 meaning sell, 10 meaning buy, I give AMD a solid 9.
-Quarterly earning was very strong but sell off occurred due to a possible over reaction of AMD losing market share to Intel.
-Their quarterly earning showed an increase in revenue as well as they had destroyed their EPS.
-From their last quarterly around this time they have increased their revenue by a whopping 58%.
~I am not a financial advisor, but BUY THIS STOCK.
~GL and wake me when we sell, Master Chef out.
I hope you all are doing well, I took an extremely long break from trading and decided to take some time to learn from all of my mistakes. Sadly, I went through a really rough streak in the past but we will see if I am capable of learning from my mistakes and if I am capable of being a profitable trader.
Enough talk, lets get to business.
I have many reasons as why AMD is a solid buy right now and where the price target is to sell. Please bear with me since I do have a thorough explanation.
1.) Structure:
-Ascending triangle formation
-Confirmed double bottom on the daily/weekly time frame
-Clean break on resistance on daily/weekly chart.
Each one of these reasons show why we are in a bullish position to buy, and now is the time to enter the trade.
2.) 20/50/100/200 EMAs:
-100 day EMA shows as a strong region where many buyers enter in.
-We are in a true up trend and Golden cross formed on 23 May 2018. I believe we are still on a bullish upward trend.
3.) RSI/Divergence Indicator:
-Bullish Divergence did form on the four hour and is confirmed.
-Still have plenty of room on the daily time frame before reaching the over bought region.
-There also seems to be many buyers in the 40 region of the RSI in the past. (This paired up with the 100 EMA shows a strong bullish trend.)
-When the 40 region showed a strong bounce up and a mixture of this stock touching the 100 EMA, there was a very strong break out for AMD. Could see another one forming again soon.
4.) Conclusion:
-From a scale of 1-10, 1 meaning sell, 10 meaning buy, I give AMD a solid 9.
-Quarterly earning was very strong but sell off occurred due to a possible over reaction of AMD losing market share to Intel.
-Their quarterly earning showed an increase in revenue as well as they had destroyed their EPS.
-From their last quarterly around this time they have increased their revenue by a whopping 58%.
~I am not a financial advisor, but BUY THIS STOCK.
~GL and wake me when we sell, Master Chef out.
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