Friday, April 27, 2018 4:39:52 PM
AMD...someone else that likes the $14 target...Point and go Figure chart.
https://realmoney.thestreet.com/articles/04/27/2018/advanced-micro-devices-can-improve-short-term?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
I'd like to see the gap get filled before ar run to $13 happens...
In this daily bar chart of AMD, below, we can see that AMD made a peak back in July around $15.50 and earlier this month dipped below $9.50. Is AMD ready to start a fresh advance? Prices have rebounded recently with an upside gap and have closed above the declining 50-day moving average line. AMD is still below the declining 200-day average line. The daily On-Balance-Volume (OBV) line has roughly moved lower with prices the past year but now shows a slightly higher low in April when prices made a slightly lower low. This minor bullish divergence could mean that the selling pressure has begun to reverse. Earlier this month the trend-following Moving Average Convergence Divergence (MACD) oscillator crossed to the upside from below the zero line for a cover shorts buy signal.
In this Point and Figure chart of AMD, below, we can see a strong move up and a price target of $13.99 or call it $14. There is, however, a strong amount of overhead resistance between current levels and $14.
https://realmoney.thestreet.com/articles/04/27/2018/advanced-micro-devices-can-improve-short-term?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
I'd like to see the gap get filled before ar run to $13 happens...
In this daily bar chart of AMD, below, we can see that AMD made a peak back in July around $15.50 and earlier this month dipped below $9.50. Is AMD ready to start a fresh advance? Prices have rebounded recently with an upside gap and have closed above the declining 50-day moving average line. AMD is still below the declining 200-day average line. The daily On-Balance-Volume (OBV) line has roughly moved lower with prices the past year but now shows a slightly higher low in April when prices made a slightly lower low. This minor bullish divergence could mean that the selling pressure has begun to reverse. Earlier this month the trend-following Moving Average Convergence Divergence (MACD) oscillator crossed to the upside from below the zero line for a cover shorts buy signal.
In this Point and Figure chart of AMD, below, we can see a strong move up and a price target of $13.99 or call it $14. There is, however, a strong amount of overhead resistance between current levels and $14.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
