5 replies to this topic

[inthemoneystocks]

Investors should expect major downside on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the coming weeks. Just days ago, the stock had a huge bearish engulfing reversal candle at multi-year highs. Following that reversal, Advanced Micro Devices has put in a classic bear flag stock chart setup. This is days away from its next leg lower. The ultimate downside target is $9.15. This is a high reward, low risk setup. The stop can simply be any daily stock close above the 52 week high of $12.42. This gives double the reward on a short versus the risk.

Gareth Soloway

InTheMoneyStocks
 

[Douglas]

Gareth, what do you guys make of the broad US market?  It sure looks flaky to me. 

 

Regards,

Douglas

[fib_1618]

I would take the other side of the trade on this one as the below average volume suggests a high level consolidation after a rapid run up.

 

Short term target: $16....above that, $27

 

Fib

[dasein]

hate to say so - but I agree with Fib on amd - if you short it the gap at 9.50 will be a marker...

[SemiBizz]

DANGER ... AMD IS TAKEOVER MEAT !

 

https://www.semiwiki...-dead-pool.html

 

In 2015 we saw $85B in semiconductor acquisition activity and in 2016 there was more than $110B. Given 2015 and 2016 were relatively flat years for the $335B semiconductor industry and 2017 looks like more of the same we should expect consolidation to continue, absolutely.

So, let’s come up with a list of companies that may fall in 2017 and circle around at the end of the year to see how we did.

 

 

AMD is on the list...I would be VERY careful shorting this pig.

[fib_1618]

 

Investors should expect major downside on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the coming weeks. Just days ago, the stock had a huge bearish engulfing reversal candle at multi-year highs. Following that reversal, Advanced Micro Devices has put in a classic bear flag stock chart setup. This is days away from its next leg lower. The ultimate downside target is $9.15. This is a high reward, low risk setup. The stop can simply be any daily stock close above the 52 week high of $12.42. This gives double the reward on a short versus the risk.

Gareth Soloway

InTheMoneyStocks
 

 

 

Great call Gareth...Kudos!!

 

Fib