AMD possible retest

2022년 5월 9일

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

2022년 5월 9일

노트

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

2022년 5월 9일

노트

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

2022년 5월 9일

노트

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

2022년 5월 9일

노트

This is EXTREMELY questionable to me

2022년 5월 9일

노트

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