AMD showing bullish price action On the release of their recent announcement, AMD decided to make a move up. In the near term it should do a gap fill. My personal entry has been marked in red at .618 fib and the targets are the blue levels
Amdlongterm
AMD Long/Short Scenarios, Keeping The Streak Going.My AMD calls have been monstrous for the past couple months so keeping the streak alive.
Long and short scenario. Either could happen.
The levels themselves are best places to enter/exit. But the zones around the groupings of colored levels are also acceptable.
We could hit the green zone, and pop to the orange zone.
If we go below red line at green zone, were likely going to purple zone. If we break the red line, you could short green area with profit targets at purple OR long at purple with profit targets in green/orange.
AMD SHORT TERM BEARISHNESS BEFORE LONGER TERM BULLISHNESSAMD is currently showing heavy amounts of retracement and entering the 0.382 zone. This is typically the bounce off region according to fib theory.
Bullish Points:
- 0.382 fib zone is the bounce off zone typically for most assets
- Bottom of kumo cloud acts as additional support and coincides with fib retracement level of 0.382
- 100 EMA acting as support as well
Resistance levels
Roughly $27 which coincides with upper kumo resistance.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
Bye bye AMD It was a nice run AMD. Time for reality to hit.
Targeting ~$20ish and potentially ~16ish for AMD.
Blue lines represent:
profit targets for shorts taken above OR good long entry spots
If shorts taken above, if stop loss is triggered, this whole trade set up goes out the window.
AMD to $20 and beyondPrice target has been raised to $25 by Cowen & Co.
Q2 results were strong, and now their biggest competitor Intel (INTC) is feeling the heat.
I have been long this stock for 2 months and will stay in it, as I see more upside to come.
AMD Bullish Wedge Pattern FormingAMD Bullish Pattern Forming (falling Wedge) And Has the opportunity to Break a long term Resistance line and form new target around $12.20
support line established at $11.89 if AMD breaks the resistance possible for new target around 12.20
AMD - Long Term PlayIf this cup and handle finishes forming, i'll look to enter at the breakout ($15.70) and put my stop order for mid handle level ($13.15-ish).
Then LET IT RIDE!
