Well, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play:
- RSI and CCI oversold
- MACD dipped and turning back to possibly form a long positive trend
- RMI is in the lows and dipped in red - may continue being in red but from here it has to go up at some point
- Williams VixFix has a somewhat proven trend - when the vixfix bar is green and the stock candle is green, then from here or the next one green/grey candle the price goes up and vixfix cools. We got our green+green today
- We have a gap to cover at 4,40 and the stock price, although gradually, has a low angle up trend - the current price is in the lower part of the trend.
AMD has been destined to touch the 5 USD mark , and although its a long shot and all other scenarios happen, should the trend turn bullish and with speed i give possibility of seeing 5 in 2014. And although the price is below the KeyHiddenLevels (props to timwest), it is still above the trading range it was the next day after the earnings (while indicators are lower). I would add on a move up and consider selling below 3.70 if you need a stop loss point. If 3.7 gets reached soon, i would assume indicators are also low/lower so i migjht not sell there... but if indicators correct and the 3.70 price is reached then, it would be a better point to get out.
- RSI and CCI oversold
- MACD dipped and turning back to possibly form a long positive trend
- RMI is in the lows and dipped in red - may continue being in red but from here it has to go up at some point
- Williams VixFix has a somewhat proven trend - when the vixfix bar is green and the stock candle is green, then from here or the next one green/grey candle the price goes up and vixfix cools. We got our green+green today
- We have a gap to cover at 4,40 and the stock price, although gradually, has a low angle up trend - the current price is in the lower part of the trend.
AMD has been destined to touch the 5 USD mark , and although its a long shot and all other scenarios happen, should the trend turn bullish and with speed i give possibility of seeing 5 in 2014. And although the price is below the KeyHiddenLevels (props to timwest), it is still above the trading range it was the next day after the earnings (while indicators are lower). I would add on a move up and consider selling below 3.70 if you need a stop loss point. If 3.7 gets reached soon, i would assume indicators are also low/lower so i migjht not sell there... but if indicators correct and the 3.70 price is reached then, it would be a better point to get out.
