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Amdlong

AMD Long on break of $88.50AMD Play: * Enter on expanding volume on a break of $88.50 * Exit at $99.50, look for pullback for re-entry * Full pattern price target: $106.81 * Stop loss 2 ATR at entry, around $84.50 * PnL Ratio: ~2.00 Rational: * Trading within a rectangle pattern for the past 199D 5H * AMD trades with SPY 51% of time, we can see a recent large rectangle break on SPY, and SPY is close to breaking out of its own continuation rectangle pattern. * Last rectangle we saw on AMD was for 104D, ended up far surpassing the 20% price target (+47%). * Black Friday / Cyber Monday may lead to increased profits for AMD, investors may anticipate this and increase interest in AMD * 50D MA has caught up to AMD, allowing it to "catch" AMD if it ends up falling slightly * AMD still trading above 50D MA.
NASDAQ:AMDLong
by OYE12
AMD - buy support zones analysisHello traders, Description of the analysis: Advanced Micro Devices Inc. ( AMD ) support zones ideal for timing long positions (gray). The thickness of the support zone reflects the importance of this zone. AMD is celebrating great success with the new generation of Ryzen chips and is at a height in the competition with INTEL. In recent days, there has been talk of an acquisition with the chip giant XILINX, I don't know if that will be true. The technical analysis reflects interesting buying zones in history based on volume profiles. Be aware of possible increased volatility in the coming period due to pre-election campaigns in the US and elections. Of course, the COVID-19 autumn season may also have an impact due to government action. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NASDAQ:AMDLong
by Jacob_Kovarik
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