AMD 8/21/2022
تم تحديثه
AMD Daily chart analysis
AMD has been pretty good to me shorting this year. Pretty clean straight forward chart.
In two trades so far, +46.22% and +2.81 RR ratio in cumulative gains.
See link below for past AMD trades.
AMD is now giving us another signal to enter trade short.
A very powerful move to the downside is brewing.
We had confirmed Head and Shoulder pattern when price broke down back in April ’22.
We also had Death-Cross during this time.
Price pulled back to neckline support in form of a Bear flag. It proceeded to break down and confirm the flag. Price has now successfully turned Neckline Support into Resistance.
Price has now pulled back to bottom of bear flag and retesting Neckline resistance area.
The price breakdown and pullbacks have now formed a series of lower lows and lower highs. This series of moves has created a down price channel and has confirmed the downtrend.
AMD currently finds itself in very bearish conditions.
Price is in a downtrend.
It’s in an “area of value” being at neckline resistance and resistance area of down channel.
Stochastic is just coming down from “Over-bought” status.
MACD is crossing under its signal.
Downtrend + pullback to “area of value” + “Over-bought” Stochastic = Short entry signal. The MACD further confirms the trade.
Entering trade short.
Entry: 95.50
Stop Loss: 111.25, -16.49, RR ratio -1
Target #1: 74.51, +21.98%, RR ratio 1.33
Target #2: 58.80, +38.43%, RR ratio 2.33
AMD has been pretty good to me shorting this year. Pretty clean straight forward chart.
In two trades so far, +46.22% and +2.81 RR ratio in cumulative gains.
See link below for past AMD trades.
AMD is now giving us another signal to enter trade short.
A very powerful move to the downside is brewing.
We had confirmed Head and Shoulder pattern when price broke down back in April ’22.
We also had Death-Cross during this time.
Price pulled back to neckline support in form of a Bear flag. It proceeded to break down and confirm the flag. Price has now successfully turned Neckline Support into Resistance.
Price has now pulled back to bottom of bear flag and retesting Neckline resistance area.
The price breakdown and pullbacks have now formed a series of lower lows and lower highs. This series of moves has created a down price channel and has confirmed the downtrend.
AMD currently finds itself in very bearish conditions.
Price is in a downtrend.
It’s in an “area of value” being at neckline resistance and resistance area of down channel.
Stochastic is just coming down from “Over-bought” status.
MACD is crossing under its signal.
Downtrend + pullback to “area of value” + “Over-bought” Stochastic = Short entry signal. The MACD further confirms the trade.
Entering trade short.
Entry: 95.50
Stop Loss: 111.25, -16.49, RR ratio -1
Target #1: 74.51, +21.98%, RR ratio 1.33
Target #2: 58.80, +38.43%, RR ratio 2.33
أغلقت الصفقة: تم الوصول للهدف
Reached Target #1: 74.51, +21.98%, RR ratio 1.33أغلقت الصفقة: تم الوصول للهدف
Target #2: 58.80, +38.43%, RR ratio 2.33
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