AMD - Bull Flag or Pull Back?
Daily Chart
- 8 Mar - MA5 cross MA20 brought it on path to top of 102
- 2nd Bull flag might be forming; Pole formed at top 102, Flag had been forming since (also seen in a consistent sell channel on the 30mins Chart)
- 6 Apr - MA5 had crossed below MA20 (bearish trend indicator)
- 8 Mar - MA5 cross MA20 brought it on path to top of 102
- 2nd Bull flag might be forming; Pole formed at top 102, Flag had been forming since (also seen in a consistent sell channel on the 30mins Chart)
- 6 Apr - MA5 had crossed below MA20 (bearish trend indicator)
30mins Chart
- Thin structure on way up means the way down is also relatively with ease (some form of support coming in at 90) which is also Fib 50
- 86 to 88 is a key support range (Fib 61.8)
- In a clear controlled sell channel
- Thin structure on way up means the way down is also relatively with ease (some form of support coming in at 90) which is also Fib 50
- 86 to 88 is a key support range (Fib 61.8)
- In a clear controlled sell channel
My watches
- Price action remaining below MA5 and hugging lower end of Bollinger band; Looking for expanding BB which would signify further bearish (increasing short calls)
- Will look for MA5 basing at the areas of 85 or 80 or 75 (for selling puts)
- Overall still in a bullish buy channel
- Price action remaining below MA5 and hugging lower end of Bollinger band; Looking for expanding BB which would signify further bearish (increasing short calls)
- Will look for MA5 basing at the areas of 85 or 80 or 75 (for selling puts)
- Overall still in a bullish buy channel
Good luck, all!
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BeBlessed : Bro Asphen, will it cause you inconvenience if you have to post the same things at two different platforms? I can always go the other side to read your updates de.. paiseh to trouble you lea..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Asphen OP BeBlessed : haha... not at all.
I have 2 different platform of followers.
I'm a firm believer of price action as too much analysis talk is just misleading. market price action is forward looking.
BeBlessed Asphen OP : thanks very much then
Have a splendid weekend ya!
icezzz BeBlessed : which is another platform?
BeBlessed icezzz : Tiger..
Asphen OP icezzz : yes, Tiger. Tiger I am more diligent so not all sharing there is duplicated on MM.
Asphen OP icezzz : hen?
icezzz Asphen OP : Then I shd open one more acc
Asphen OP icezzz : haha...
sTone83 : It’s bullish in my sight
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