Amdlongterm
BULLISH on AMD -- here's whyDespite recent headlines we've seen between the tech sector / supply chains & AMD having security vulnerabilities in their old processors, mind you the coverage has it backwards IMHO & detecting security flaws on older model processors IS NOT negative coverage -- as opposed to what every journalist / financial analyst writing for Benzinga or Bloomberg would have you believe.
Let me put my forex targets in before I get into my explanation:
41.00 STOP
TP1 46.05
TP2 52.62
TP3 59.10
So I'm sticking with my guns ON AMD based on 3 separate yet concrete factors:
1) Fundamentals all seem to point in $bullish mid-long term projection analysis, with BB/KC/VOL/RSI/MACD all pointing towards bullish priceaction
2) Supply chains for AMD / MSFT will not be as detrimental as that of $AAPL as we're lead to believe -- since these tech companies deal moreso in larger/more expensive hardware & software than a trillion iphones being made in sweatshops. Therefore, I am not concerned about supply chain impact.
3) Lastly, the indicator to confirm the fundamentals: a Bulkowski's double bottom as encircled by the yellow on the chart above.
For this reason I'm standing firm on my position for AMD & that's my two cents on this stock...I don't deal with policy advisory work pertaining to WallST nor forex markets -- strictly CRYPTOCURRENCIES therefore there's no need for an extended lengthy disclaimer and so I'll keep it short & sweet:
DISCLAIMER
This is not financial advise. Please conduct your own research & analysis before making any investment decisions, while also investing responsibly & not more than you can afford.
Cheers. Enjoy your evening.
-@a1mTarabichi
AMD fractalAMD one of the first stocks i traded, showing signs of a repeating H&S pattern, i likely return to the purple fib line before right shoulder is established, nice short. It goes against the momentum of the momemtum of the MA on the Monthly chart but i think a H&S squeeze can be fit in. Strong mirror resistance level at the top of the three peaks can be seen.
TECH stocks to hold the marketI believe tech stocks will prop the market up throughout this bearish action that can be seen. They will be the largest gainers during green days for the stock market, holding the market relatively steady in place. AMD can be seen to have formed a nice pullback which opens an opportunity for a long position. This is a great company with strong fundamentals and continuous growth. Included a fractal if price is bullishly rejected at 50MA and follows the strong linear regression trend forming a second wave up to break a large resistance formed. If this breaks it will open up a large trading range. Huge opportunity.
AMD One of the first stocks I tradedA falling wedge has sparked a bull run on AMD, with a PT of 100 I think this is entirely plausible. Bullish MACD, 0.91 Pearsons R value and HUGE volume. Possible short term reversal at mirror level but I’m confident this bull run will continue. Various other chart patterns are present including a bump and run, and a broadening ascending wedge, which may lead to a breakdown in the long term.
$AMD, Support and Time to BuyDo you want cheap and good stocks? I like stocks with the strong uptrend and $AMD is the one of them. So the share price is trading a little above the uptrend channel's lower bound and has a big potential for the further upside.
Strong Support ~ $30
Resistance LVL ~ $32-$34
Enter: ~ $28 - $30
Stop Loss ~ $26.5
TP : $50 and more per share.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
THIS IS HOW AMD IS GOING TO HIT 6 USD PART TWOOn my last post i covered why AMD is going to hit the the 24 USD mark, and then drop.
Well we went up slight higher, to 25USD and we began dropping.
So where does that lead us? If we look at the previous analysis we just finished C, and now we would go for the 1:1 extension of A-B which is slighty higher at 7 USD.
Beware bulls, its going to get nasty.
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.***