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
Amdshort
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 - Overbought and Downgraded TodayAMD is severely overbought.
It was downgraded in price this morning saying that fundamentals are overvalued.
Red boxes are down gaps to fill.
Ready for shorts or Puts. - BEAR FOOD
Looks for plenty of time to enter safe and exit safe here.
Competitor NVDA is looking stable, so probable that funds seeking chip coverage (not ETF) will go to NVDA not stay in AMD before Xmas.
I am not active in AMD currently. May be this morning, but if someone needs an updated chart PM me.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Bye bye AMD Round 2Working into the 37-43 range for the first time since 2006 where a massive trend reversal occurred. High chance it is about to have major trend reversal in this range. For perspective, this is a stronger trend reversal zone than the first bye bye AMD setup linked below.
Zones are general exit/entry areas, lines are levels of interest for reversal spots.
Red zone is good shorting area. Purple dotted line is stop loss for any shorts in this range.
Yellow zone are the more conservative targets if setup starts to play out.
Green zone is the more extreme target for shorts.
Naturally, yellow and green zones are also major buy zones for longs with profit targets near or above the red short zone.
AMD showing WeaknessAs explained in the Chart
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-