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AMD

$AMD possible short scenarioAMD obviously is in a uptrend, but right now we are seeing a little correction (possibly about 28%). I am positive that the current (possible) LH will lead to a drop to the support level (labeled), from there we could either see a 1)bounce or a 2)break. 1) Bounce: ... could lead to another LH which will extend to the red rectangle (resistance), followed by another (rather sharp) drop, which will most likely break the first level of support. At the next level of support (TP for my trade) the correction will most likely come to an end (since we choose this support level by combining a trend line (based on prev Ls) and a major support level (previous Hs and Ls + wicks), which is a pretty solid indicator for buy orders being placed around there). This trade will give me a 3.33:1 RRR, which I am satisfied with (1.5% risk --> 4.995% gain). 2)Break: ... could lead to a retest of the broken support (labeled as support). In this case I would rather not go short, since there will be a bigger risk of wicks (hitting my S/L). My strategy for this scenario is to wait it out and miss the juicy short selling gains, and enter a long position on the previously mentioned 2nd support, which is more reliable than the first (labeled) support. As always: no financial advice
FTX:AMDUSDShort
by SimpForProfit
A review on December 15 analysis..!I received lots of interesting comments for the previous analysis: Some called me a certified gambler, some people believe folks see what they want to see, and some others said I'm completely lost..! but let's review the previous analysis..! Entry: 136 Stop loss: 130.59 Reward/Risk: 2.67 (it is not Ideal) Target range: 150.44 Time Frame: 2 wks Possible gain: 10.62% Possible loss: 3.98% Position size: 5% of trading capital My conservative approach (moving stop loss to entry(136) after 8% move to 2 days) closed the trade in 5 days! but the primary setting reached its target at 12 days..! I have a question for those who write that comments: who is lost? who knows when to gamble? and who can't see the obvious price patterns? You have no chance in today's market if you do not update the old technical rules! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:AMDShort
by Moshkelgosha
8
A complex correction until the next earning..!Detecting complex corrections prospectively is not easy! People usually look at these models retrospectively! However, looking at the previous correction pattern and the undeniable similarities with the current correction makes it more likely that we experience another leg down! Top declining, Flat(rising) bottom ould be the most probable scenario..! Opinion: long-term investors should wait for 130 level to reevaluate their position! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Enjoy Holidays, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:AMDShort
by Moshkelgosha
2
AMD, Wave count and Target Update! Long to 180-200 Zone !AMD is going to make a new ATH soon ! How far it can go up? Lets follow! As wave structure suggests, We are more than likely in wave 5 of the cycle started 84.24 USD on 19 July 2021 . This final leg up going wave of mentioned cycle can push up the price to 170-180 target zone which is strong resistance formed by different types of Fibonacci ratios. After completion of this cycle there may be a correction to the territory of previous wave 4 and another leg up to around 200 USD. Hitting this target makes a larger degree wave cycle which started at 72.5 USD on 13 may 202 1 complete and triggers a considerable correction. As mentioned in related analysis , AMD is strong bullish stock. AMD recently broke the half of century trend line upward and currently tries to stabilize itself above it. In larger time frames and larger degree waves AMD is in wave 3 of 3 which means we will see unbelievable targets for AMD in long term !. Please note this is live wave counting and the most probable scenario for now ! We will not sell our valuable shares without a strong reason to do so. Possible top of channel break out calls for target update ! If so, AMD goes even higher in short term! Lets follow ! Wish you huge profits my friends.
NASDAQ:AMDLong
by SaeedSajedi
14