Asphen
2022-05-05

AMD - Good structure built 

- As we know it gapped up from earnings

- Importantly, it filled the gap before going back up ==> Built structure

- To break 100, it now has structure below to support it

- If it breaks 100, it needs to retest 100 in pullback before it can go 105/110.

- Or pullback to 95.

@TigerEvents@TigerStars@Deposit@YTiong

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Comments

  • tamira
    2022-05-06
    tamira
    I don't think it will cross 100 pretty soon. May take a few weeks!
    • Asphen: 
      yup. it was supposed to be but rally did not happen. delayed.
      inverse Head and Shoulder forming on SPY and double bottom on nasdaq. short squeeze happening soon once bear trap fully formed
  • JC888
    2022-05-05
    JC888
    Forgotten that AMD has acquired Xilinx? How much of the Plus-es are contributions from Xilinx? If AMD is able to provide the breakdown - salute them for transparency. Otherwise - mehhhhh. LOL
    • Asphen: 
      I think i saw the breakdown in one of the FA analysis.
      I'm more into TA as to Mr, price action speaks to where it will go. FA means little in this climate where market is insane. haha
  • Lynn098
    2022-05-06
    Lynn098
    With the recent market volatility, Nasdaq will likely have to turn up before this can break up above 100
    • Asphen: 
      yes. and nasdaq will need visit 12.2k first.
  • Desumond
    2022-05-07
    Desumond
    great analysis. thanks for sharing! just wondering if it goes up, will it hold for awhile...
    • Asphen: 
      depends on the approach. if parabolic, it will not hold. 140+ is a possibility.
  • yinghao94
    2022-05-06
    yinghao94
    really a great company
  • mars_venus
    2022-05-06
    mars_venus
    chiong next week ah... [Grin]
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