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Joseph Brychek
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I am a self-taught technical trader that uses Candlestick Charts, Trendlines, Chart Patterns, Fibonacci Analysis and Elliott Wave theory as types of analysis that form the basis for my investment decisions after finding companies with excellent fundamentals.
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  • Advanced Micro Devices (AMD) Support & 9 comments
    Jul 16, 2014 9:57 PM | about stocks: AMD

    Here are a few of the upcoming resistance areas I am paying attention to for AMD....(click to enlarge)

    I also like the support of its main trendline, currently sitting around the $3.99 mark as of tomorrow. It also has a Rising Candlestick's support area right below the trendline. Should provide great support in case of a bear raid on an earnings miss (that is not what I am expecting though).

    Disclosure: The author is long AMD.

    Additional disclosure: and I anticipate holding my shares through earnings. My position represents approximately 23% of my entire portfolio as of this writing.

    Stocks: AMD
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Comments (9)
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  • Mark.ca
    , contributor
    Comments (178) | Send Message
     
    If they miss earnings bad you can say goodbye to that 3.99 support. Look back to Oct and Jan. I guess we will find out soon.
    16 Jul 2014, 10:11 PM Reply Like
  • Absolute beginner
    , contributor
    Comments (129) | Send Message
     
    i'm hoping they have OK results and still get hammered (its happened before) down to 4, will load up some more,

     

    Hugh
    17 Jul 2014, 02:34 AM Reply Like
  • Mark.ca
    , contributor
    Comments (178) | Send Message
     
    There is your chance to load up. My suggestion to you is to wait until next week and get it under 3.50
    17 Jul 2014, 04:54 PM Reply Like
  • Absolute beginner
    , contributor
    Comments (129) | Send Message
     
    That was carnage! Stacy Rasgon also asked some tough questions. I will defenity wait for it to settle down a bit before i am back in. Thanks! Hugh
    18 Jul 2014, 02:45 AM Reply Like
  • Joseph Brychek
    , contributor
    Comments (35) | Send Message
     
    Author’s reply » Looks like it was a quick dip below the supporting trendline I pointed out but it is back above it now....
    20 Aug 2014, 10:02 PM Reply Like
  • Absolute beginner
    , contributor
    Comments (129) | Send Message
     
    how long can this keep on going, its crazy
    21 Aug 2014, 02:44 AM Reply Like
  • Mark.ca
    , contributor
    Comments (178) | Send Message
     
    should have bought more calls...oh well. Got one set at 3.70 and was waiting to get the second set bellow 3.60...well that never happened. I would not be surprised if it covers the gap to 4.50
    21 Aug 2014, 05:14 PM Reply Like
  • Joseph Brychek
    , contributor
    Comments (35) | Send Message
     
    Author’s reply » i anticipate that the $4.50 gap will be closed soon also, and i will be selling some of my shares if it does and look to rebuy them on a pullback hopefully towards the $4 area
    22 Aug 2014, 08:57 AM Reply Like
  • Mark.ca
    , contributor
    Comments (178) | Send Message
     
    Same here. It seems to be trading in that 4-4.50 range.
    22 Aug 2014, 04:19 PM Reply Like
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