Advanced Micro Devices Stock (AMD)

Readers will see below that Advanced Micro Devices ($AMD) built a Rising Wedge pattern of bearish reversal while running into late June. The shares then caught a bid close to a 38.6% Fibonacci retracement of that entire rally in late July. This past August the stock had flirted with taking back both its 21-day EMA and 50-day SMA, but …

Equities sold off to varying degrees on Tuesday to get a holiday-shortened a week off to a sloppy start. Throughout the day, there were reports of fighting in and around Iran’s Kharg Island. That forced oil prices higher. Front-month WTI Crude futures climbed in value for a sixth consecutive day. I now see the sweet stuff trading close to …

Chris (@chrisislike) | Stocktwits chrisislike $AMD keep thinking I should sell and she just keeps climbing 😅 Position: Long AMD equity

Advanced Micro Devices ($AMD) is up more than 2.5% on the debt issuance news. Readers will see that AMD hit resistance through June and July at close to the same level. The shares also found support at the 38.2% Fibonacci retracement level of the March into July rally. This has created what we call a basing period of consolidation or …

I have just covered the balance of my high-beta, high-tech short basket for a large gain: * $AMAT $569.74 (-$11) * $AMD $504.44 (-$25) * $CAT $889.10 (-$25) * $CRWV $72.67 (-$5) * $INTC $97.78 (-$5) * $MU $850.75 (-$55) * $SNDK $1440.64 (-$175) Position: None