I am bullish on AMD. It has been the God Stock this year for me. The God Stock. I might be using Andrew's Pitchfork improperly since the variation of movement prior to the 7th does not really have the movement of 3 troughs or 1.5x ATR for that week. However, BB and VWAP indicates a discount buy under $13.50 Stochastics are oversold and ADX is moving in a...
It has been a while since I last made an idea post. This post will come out to be very rough and rushed, since I have missed on a few entry points from watching this ticker and today shows many congruent signals to enter this position. The purpose of this post will come in two parts. 1. Do a Hindsight 20/20 analysis and provide technical analysis for my new...
Bullish Short-Term, Trade Cautiously: This post will come in two parts. The first I will explain the most recent trade I exited yesterday, 05/11/16 using technical analysis from the information provided the day prior; and secondly I will review the fundamentals of the company and speculate the short-term outlook into the next two crucial months that lays ahead. ...
NASDAQ:AMD opened today at $3.66. It did terrible pre-market and ate dirt mid-morning to mid-afternoon. Since the chart is already pre-planned from weeks ago there are only a few things to explain, but if you followed the previous charts you should already know. Upper and Lower bounds are in Green Dashed lines set at $3.91 and $3.32, respectively. This has...
This is an update to the previous post describing $AMD's consolidation for the past 3 trading days. Extreme upper and lower bounds are $3.85 & $3.35, respectively. Marked in green dashed "lane" lines. We can expect price to be in this range unless a significant catalyst occurs. Describing the chart: Since we are playing a volatility metrics strategy, I...
This company has great fundamentals. Price to Earnings: 1.88 & Earnings/Share (ttm): 2.01 Financial statements indicates positive income statements. Analysts target price is $4.00, Average trading volume is 2.00M +, so liquidity will not be an issue. On the Technical aspect, it follows closely to weekly price trend. Trades in upper Bollinger Bands. Opens low and...
Extreme upper and lower bounds are $3.85 & $3.35, respectively. Daily HILOs plot a trend line for price consolidation at $3.70 testing $3.75 resistance every now and then. $3.75 target is essentially the multi top resistance. Since there is a significant price consolidation after the news catalysts of the partnership in China, we can expect profit from...
Previous expectation of trend reversal did not come as soon as initially expected. This time, a pattern of double top with a potential shoulder is prevalent in the charts. There is also a possibility of another reversal to trace another right shoulder before entering a downtrend. Same expectations as the previous idea, except this time the SHORT position is...
Appears to be a quick ride to $2.02. Price action of previous day is quite strong. Prior week had a significant down trend, while prior 3 months show steady growth. Baseline resistance at $1.85 from 03/27/16. We will see when market opens.
This is a follow up chart from earlier last week. This time I will not be entering this position, only to make 2 predictions based on previous experiences. I noticed two, 41x 1 hour bars worths of price action before a break-even or better. One spike instance is anomaly. Two occurrences is a coincidence. The expected third could be a pattern. Based on the chart,...
@MazenGuid wrote: @BLOOBERRY what do you think of $SNTA , do you think it will break? Do I think it will break out? Likely not, I would be willing to wager it is a multi-top on the 0.34. It's an upward resisting wedge, so it's likely going to continue its weekly downtrend. However, if you look at the SQZM, it looks like the shorters are going to get squeezed...
Entered @ $12.24/s. The deal has been struck at close. If price continues to drop long term holders are better off, since they will end up getting more $MITL. Exiting this position will be tricky on Monday. Two options exists, hold for retrace, which is likely to return to $12.20, maybe better; or sell at loss at $11.85 limit. Pre-Market price action will...
A really bad Bearish Shark Butterfly Pattern . I would estimate neutral or bearish in position off of point "D". Probably until mid-afternoon tomorrow, Friday 04/15/16. At best, $6.90 before uptrend reversal. At worst, continues uptrend from "C" into $7.70, which would be awesome if I had the balls to go deep and buy to enter into this position. Could be another...
Open: $5.60 Close: $5.73 S/RSI indicates Oversold, 20.00. The weekly chart movement is wild!
Overall monthly there is a downwards wedge, signifying breakout. Weekly trend has a strong upwards trough from 13-14th. At the daily level, 3 Green Soldiers Candlesticks can be displayed at the 5 minute ticks, showing strong buying pressure from bulls prior to close on the 14th. Looking at the S/RSI indicators below, displays low 30.00s, prior to yesterday's...
Updating previous idea post. $GERN has not strayed from our troughs and did not fall through the $3.05 support . Created a projection line in black for possible expectations to break-even @ $3.23, possibly going positive to $3.30 News is neutral to negative with a reported earnings of $-0.05 per share, however the company has $146.7m in cash with positive outlook...
Entered @ $3.23 as a LONG position. Past week has been rough and tumultuous. It appears we are developing a short term wedge pattern in a long term uptrend. Up trending wedge patterns are usually results in a bearish breakdown. Stop loss set @ $3.00 @Andiki suggested Stop Loss at $2.94 Holding until Thursday and we will see what happens.
Bullish on the downward wedge, last week on 04/06/16. Upward trending wedge, possible for a short ride to resistances @ $3.55 & $3.69, before retracing south.