$AMD Support and Daily Potential Projection (Still Long)

2020년 12월 17일

AMD is trending down after a strong open.

It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run.

A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached.

This remains a LONG LONG LONG, and nothing has failed in the trade channel, even with this potential midday pullback we might just see.

GL, etc.

-BDR

Note: See attached idea Re: Support above 97 and also the original LONG call. Thanks!

2020년 12월 17일

노트

The hope is 99.27 or higher by tomorrow's close. It's going to have to make some post-mkt gains it can hold for this to happen. These repeated strong opens w/ subsequent weakening likely indicate this bull cycle is coming to its end. I may have more on that issue by itself, tomorrow or over the weekend.

2020년 12월 17일

노트

The run up to 97.1 happened and the previous strong support revived at that mark. We should see a strong close now that the resistance mark there is being broken! Currently 97.25 -- looking for a close 98+

2020년 12월 17일

노트

That 97.1 mark is an odd one: Pullback this time. It should re-test one more time before close, but it could sidewind most of the way before it. There is a hint of support at the mark of 97.1 but hardly enough to push it far past onwards to 98. Micro observations there.

2020년 12월 17일

노트

After all the drama, it seems we're headed to likely close a nickel or dime above the open, which did have its own pre-market rise. This rocket ship still cannot yet take off. There are only about 100 minutes left in today's trading session and AMD is still finding a ton of resistance at the top of the channel.

2020년 12월 17일

노트

Expecting a close at 98.6 to 98.9 tomorrow if SPY continues its ascent. Keeping a close eye on overall market direction should give a better idea of when AMD is going to really, really pump. This consolidating action has been still upward.