Advanced Micro Devices – Tick Insights

CFD Trading 13 May 2019

May 13, 2019June 6, 2019Nicholas

Micron Technology Inc Stock Code MU.NAS

Outlook

Price has just broken below the cloud, which could be the first sign of a change to a bearish trend. Price is also below the Conversion and Base lines. Both lines are pointing lower. These are signs of a bearish trend. Price is also capped by an uptrend trend line. MACD has had weaker momentum peaks while price was moving higher. This is also another sign of a bearish trend in the making. Any price rally is likely to be capped by the Base line and the cloud at $40.40. We think this could be a good location to get into a short position for a decline to $36.63 or $32.64.

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Price managed to hold above the edge of the cloud and on Friday, managed to close above the previous 5 days’ high. It also managed to close near its day high. This could be a sign the correction is over and a rally is about to begin. MACD, which has been declining since the start of April 2019, is showing sign of a turnaround. This could trigger the start of a rally to $32.62. If price goes below the cloud at $25.50, it could signal the end of the rally and a major price correction is unfolding.

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

CFD Trading 13 May 2019

May 13, 2019May 30, 2019Nicholas

Micron Technology Inc Stock Code MU.NAS

Outlook

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

CFD Trading 12 April 2019

April 12, 2019June 6, 2019Nicholas

General Electric Company GE.NYS

Outlook

Price closed below the cloud yesterday. Base and Conversion lines had a bearish crossover a few days earlier. There was a gap opened earlier, hinting of a downtrend. This could be the start of a bigger correction in price after a rally that began in Dec 11 2018 from $6.66, which brought price to a high of $11.75. The current decline could be the second part of a bigger correction. Using Fibonacci, an equal movement to the first part of the correction will likely bring price down to $8.50. MACD has turned bearish and is moving lower, which is in line with price’s likely direction.

Strategy

$9.15 Short Sell
$8.50 Price Target
$9.50 Risk Management Stop
2 weeks Trade Duration

Advanced Micro Devices Inc. Stock Code AMD.NAS

Outlook

Price is supported by the Conversion line and there was a gap support zone from $26.72 to $27.18. As long as this support zone holds, price could be about to test the previous high of $29.95 again. Overall, the trend is bullish as price is above the cloud and above both Conversion and Base lines. Price advance together with Conversion and Base lines, have steep positive gradient, hinting of a strong bullish trend. MACD is bullish and is high above its zero line, hinting again of a strong bullish price trend.

Strategy

$27.70 Buy
$26.50 Price Target
$29.95 Risk Management Stop
3 weeks Trade Duration

CFD Trading 29 March 2019

March 29, 2019June 6, 2019Nicholas

JP Morgan Stock Code JPM.NYS

Outlook

Price fell as a result of a decline in Treasury yields declining to a 15-month low. Price may have hit a temporary bottom at $98 and could be recovering from this low. We believe this is likely to be a corrective rally and a good opportunity to get into a short position. Resistance lies at the edge of the cloud as well as the Base line at $103.30. Fibonacci 50% correction point of the decline from $108.50 to $98.03 comes in at $103.20, which is very close to the Base line resistance. MACD has turned bearish.

Strategy

$103.20 Short Sell
$98.00 Price Target
$104.80 Risk Management Stop
3 weeks Trade Duration

Advanced Micro Devices Inc. Stock Code AMD.NAS

Outlook

Price is currently above the cloud and is supported by the Base line at $24.56. Conversion and Base lines had a bullish crossover as well, hinting of a bullish trend. From the low of $21.02, a rally brought price to $28.11 and there has been a decline to $24.56. This is also near to the Fibonacci 62% of the rally. There should be one more rally to breach the $28.11 high. MACD is still bullish and its faster line is approaching the Zero line. This is a hint of a corrective decline in current price movement.

Strategy

$24.82 Buy
$28.50 Price Target
$23.99 Risk Management Stop
3 weeks Trade Duration