"AMD: Advanced Micro Devices short" oleh pedagang captain_smollett - diterbitkan 2017-12-20

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Singkat

Advanced Micro Devices Inc (NASDAQ:AMD)

NASDAQ:AMD Advanced Micro Devices Inc

Pitchforks AMD

Dilihat 402 kali

pitchfork amd

Price reached Upper Median Line Parallel of the fork which suggests a further decline.

Will open a short position with SL at 12 at targeting approximately 6 per share which is a triangle target.

If gaps higher on opening, will wait on fork re-test and then take a decision

Dagangan aktif: Short position opened

Dagangan ditutup secara manual: Closed manually as forks upper ML is broken

am holding at 10.90/should I wait or exit

Balas

Hulk703

@Hulk703, nobody can tell you that.

IMO the bottom was 9.7 and AMD will have plenty of upside in 2018.

Balas

Thierr

@Thierr, agreed. the correction off the high has traded as a textbook flat. I'm tentatively labeling $9.7 as a primary II low which corrected the '15-'17 primary I uptrend. still not 100% $9.7 is the low ... the move from there still looks corrective, maybe another swoosh down to flush-out weak longs before the long-term uptrend resumes.

If $9.7 holds, the minimum price target is $23.50. Cheers, and gl in your trading.

Balas

prometheus333

@prometheus333, is primary II is confirmed? or still wait for confirmation? thanks!

Balas

Thierr

@Thierr, Thank You sir

Balas

That is quite some downside you're seeing. Do you purely look at TA, or also at the company? Because their Q4 ER were actually pretty good, and Q1 will be the same.

Balas

Thierr

@Thierr, hello Sir! I only look at the charts =) My trigger for going short is a fork but, if the fork is broken, it will surely stop me out. A target price is based on a triangle breakdown, it may take even some months to get there but I´m OK with that...

Balas

captain_smollett

@captain_smollett, thanks for your reply. Looking for your insights again: do you think the fork (which is kind of a 2 month downtrend) has been broken with 10.95? does it need to close above?

Balas

Thierr

@Thierr, I will close short now as fork ML is broken now. Lets see where it goes

Balas