AMD possible retest

9 thg 5, 2022

Fundamentals:

AMD has some bullish news about their new GPU refresh lineup, so I decided to see if the chart matches. On top of that, their quarterly earnings report was very impressive to me.

Technicals

We have strong bullish divergence forming that I believe will take us to the trendline, if not higher. That is where I will take some profits and see if we can make a higher high after that to let the rest ride. It's also looking good from a liquidation screener standpoint, which I will post as an update.

Entry: 95
Target 1: 105-110

9 thg 5, 2022

Ghi chú

As you can see on the liquidation screener, both waves reacted at the same liquidation level, this is a good sign of strength and a possible short to mid term reversal for this stock.

AMD has shown tremendous strength while the rest of tech growth stocks dump

9 thg 5, 2022

Ghi chú

Now that this imbalance area is filled, we may continue to move up or down, but my evidence points to up!

9 thg 5, 2022

Ghi chú

On a smaller H4 time scale, we are forming a bullish pennant! I haven't felt like this about a long in months, it *seems* like this is really handed out on a silver platter for us to scalp

9 thg 5, 2022

Ghi chú

This is EXTREMELY questionable to me

9 thg 5, 2022

Ghi chú

Closing trade, I don't like the way that looks