Tag Archives: amd

Long $AMD at Open

On 01/24/2017 before the earnings announcement, AMD came out the weekly cycle bottom by taking out 10.25 and closing above it.  It has been in the bottom timing band for a long time.  The precise action of taking out the prior swing high at 10.25 confirmed the completion of the weekly cycle bottom.  We advise long at

Read more ...

AMD in Bottom Timing Band

AMD has been in selloff mode since the high at 12.42 made on 12/28/2016.  It has been 13 trading days since the top.  It traveled from 12.42 to 9.42, about 24% decrease.  Today’s drastic rally from 9.42 indicates strong support from this level.  9.42 is between 38-50% retracement of the weekly cycle.  It is in an ideal location for a band

Read more ...

AMD Multi-Year 2010-2016 Breakout

AMD has been a fabulous turnaround story in 2016.  AMD was once facing existential threat.  The new CEO has turned the ship around.  The street has done a good job in explaining why the chip sector has further room on the upside.  This chart shows in numbers how far AMD will go.

Read more ...