AMD Slingshot

20 de mai.

Bullish Biased on this one with or without the Earnings, but hoping for a template of reference elements to help navigate the journey of the future of this stock. While the path of the Stealth Icons should be self explanatory, the curved lines might not have meaning for the price action in the future but still should provide the broad idea I am looking for in this picture. Hopefully the stock remains in the cup and eventually explodes one way or another out of it above the top gray.

While the bottom gray might not hold in case of a prolonged corrective formation with different wave patterns and design, leading to an encounter with any of the rectangles, I firmly believe there is almost no chance of the price entering the green/blue zone polygon. I might be wrong, but still, it is an element to highlight my vision for this one.

Don't know if this one will prove to be as interesting as the Netflix Project, which is similar in design with the dotted path targets, but still, as usual in nen project, there will be updates, comments, candlestick analysis, bias confession, and more.

If the price does indeed eventually go up, my hope is that somewhere near the gray we might have some more candlestick related price action relative to the top gray. I expect not hectic but impulsive trading days for AMD and potential surprises that might disrupt the flow of the evolution of the price. Looking back on the past activity there are many gaps, many long candles so more of the same could be expected, especially near and after earnings.

28 de mai.

Nota

Squeezed between the purple and the blue, was expecting a further descent before gathering up the bull forces but it seems the blue never got the chance for a test. Next days will be interesting to see if the price closes above the purple and stays above it.

8 de jun.

Nota

Squeezed for days between the blue and purple and currently still flirting with the blue. Best ideal scenario is a decisive break followed by retest and rebound at the purple, but all scenarios are to be considered. Any bullish biased hunters will love buying lower as long as there are signs for the market finding support somewhere.

20 de jun.

Nota

Slightly touched the 2 dot icons and with a bull rally today we are back at the purple. Could be the decisive moment but the day is not over, and the prospect of a consolidation under the purple for next trading days should also not be discarded. Best case scenario, this just keep shooting for higher ground.

26 de jun.

Nota

Hit on the 3rd icon, but not exactly good news so far, as the stubborn purple curve is proving to provide a tough nut to crack. Nevertheless, still hoping for it to pop before we get to test the potential support of the grey curve. Any hit on another dot above 180 could be considered a success for this project, but the balance between the nvidia market weight needs to shift in AMD favor one way or another.

5 de jul.

Nota

Finally, the big break of the purple with a decent liftoff. 10$ away from the long awaited 180, doesn't even matter if it hits one of the icons above, although it would be nice. Not having my sights on the big white circle in the sky, as I would be watching the top green in case we reach it for potential resistance. Long way until then and earnings report might spoil or bump this interesting ride. Mentioning again the hoped first target: 180. ish.

9 de jul.

Nota

Previously mentioned 180 reached under the first higher icon. As the dotted path suggests, there is a possible scenario with a retracement/correction until earnings report. If the price starts descending, I will carefully watch any potential inflection points with bullish signs, even before the report.
Best case scenario would be such a correction followed by good news and sentiment which propels this to higher ground, but to pe mathematically correct: anything can happen.

11 de jul.

Nota

Surprise Hit on the 4th icon. Would still like to see the correction as the dotted path suggests, to maybe look for another long entry at 170, but first we need to see how things develop, if it will indeed pivot on the downside, or keep going up and test the top grey curve which might not hold if the bulls keep momentum.

16 de jul.

Nota

An inflection point right at the icon with a textbook formation of 3 candlestick shadows pointing up where the resistance has been met. Even if the 5th icon is also hit, I wouldn't expect the next 3 to follow suit. Earnings report could rattle the market a little bit. As previously mentioned, would like to pay careful attention to any support and bullish sentiment signs before earnings report if they occur.

22 de jul.

Nota

Not sure if this is "at" the purple or "on" the purple. Nevertheless, it is near the purple and the candlestick formation setup is a good candidate for a potential inflection point. I like the U shape created by the 3 lows (providing the current trading day candle remains approximately the same regarding the bottom) and the potential green candle with the high above the previous one.

2 de ago.

Nota

The worst of the worst case scenarios happened for AMD with a drop and break of purple and green and a retest right at their intersection. Not sure if we will actually see support holding at the red zone. Wars might break, markets might tank. Temp bear market might actually creep in like the devil behind the curtain pulling strings and disrespecting the gift of life. :) Have I ever told you the story about the King the Peach and the Lemon? Once there was a King. The end.

12 de ago.

Nota

Approaching the last chance for AMD to start climbing and attempt to avoid the green by getting on top of it. I am not putting my hopes on this scenario though. We could just see it slide along the purple until the white rectangle time stamp.

22 de ago.

Nota

Looks like a second retest of the grey curve from below but I won't be shorting in this position. AMD managed to catch up after the rebound from the red zone. One scenario would be to go for the orange and find support there for regrouping of forces.