Short Term Swing Analysis
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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 favorable manner. I am currently, depending on MACD to confirm the trend movements for tomorrow into this week long hold. The hard resistance is a little under $14, but with confidence that if it breaks and holds support, it has the opportunity to run 0.40 cents or roughly 2.5% - 2.8% on the day of breakout. The results of Friday's Options expiry will have a factor on whether or not this turns out to be a constructive entry for tomorrow. 02/14/17.
Legend:
Solid Red = Resistance Trendline
Solid Blue = Support Trendline
Solid Bollinger Bands = 3 Standard Deviations
Light Bollinger Bands = 2 Standard Deviations
Current Candles below the 20 period SMA at approximately 0.75-1.0 Standard Deviations of Bollinger Bands Moving Average.
Summary: Under $13.50-$13.75 maybe an opportunist buy now, in the after-hours today (02/13) or pre-market tomorrow (02/14).
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 favorable manner. I am currently, depending on MACD to confirm the trend movements for tomorrow into this week long hold. The hard resistance is a little under $14, but with confidence that if it breaks and holds support, it has the opportunity to run 0.40 cents or roughly 2.5% - 2.8% on the day of breakout. The results of Friday's Options expiry will have a factor on whether or not this turns out to be a constructive entry for tomorrow. 02/14/17.
Legend:
Solid Red = Resistance Trendline
Solid Blue = Support Trendline
Solid Bollinger Bands = 3 Standard Deviations
Light Bollinger Bands = 2 Standard Deviations
Current Candles below the 20 period SMA at approximately 0.75-1.0 Standard Deviations of Bollinger Bands Moving Average.
Summary: Under $13.50-$13.75 maybe an opportunist buy now, in the after-hours today (02/13) or pre-market tomorrow (02/14).
Dagangan aktif
Nota
I also forgot to mention that the yellow triangle is the set up for the ascending triangle opportunity. If the candlesticks deviates outside of trend-lines or the extensions of the yellow triangle (ascending triangle pattern), or the MACD does not support a bullish cross-over, then this analysis will be for naught and invalidated.
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Penafian
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