It's my third time to post AMD trading plan on TradingView, luckily enough, the previous 2 were amazing trades. While as a huge part of the tech stocks rallied on Friday, AMD showed terrible relative weakness after its Q3 result.
So again let's regard the chart! 0.618 retracement was able to catch the 2 rallies for AMD ( of course you need to close all the position on this name before ER) There is a potential gartley pattern, so I would like to wait for a reversal sign near 10.50-11.15 to long!
Let's see how it goes!
評論
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Nice pre-market move! A Huge inside day trade that probably will get my 1st kick today, and I'll do greedy 1st kick!
Looks like AMD is so respectful to fib retracement and harmonic pattern ha!
Do you think it can broke $12.95 ? I think it is some kind of corrective wave. Because triangle pattern was broken already.
But i don't believe 100% myself, also Morgan chase. I want to know your opinion. Your analysis is really awesome.
Trader_Joe_Lee
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@Suris, to be honest, I don't know if it can break 12.95 at all, as I am much more a trader than a analyst.
My trade is to cut half of the position@11.80, put a trailing stop at a pivot like 10.50 and let it run.
thanks for your compliment!
Suris
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@Trader_Joe_Lee, I agree with that. It is definitely different between analyst and trader. We expect future just for trading, not for future of that company.
I am newbie of technical analysis about stock. Because i started technical analysis for cryptocurrency. I don't know about harmonic pattern a lot. So your stock trading posts help me.
Anyway, i really appreciate your trading strategy. And also, thanks for your kindly comment. Even if i am not native speaker, i know your fervor about trading.
Trader_Joe_Lee
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@Suris, I am glad that's helpful for you! Actually I am new to harmonic pattern, too so I kept on finding examples to post to see how it works with my original trading method!
I am no native speaker, either ha.
Suris
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@Trader_Joe_Lee, Oh, anyway, to be a great trader, we need to find that method. I'll post my trading idea too. Let's run for it dude xD
But i don't believe 100% myself, also Morgan chase. I want to know your opinion. Your analysis is really awesome.