JimmyNoDice

JimmyNoDice

AMD has been consolidating in a horizontal trade range for over a month. The stock recently bounced from the .618% Fib Level on a Bullish retracement from the low of 5/2/24 to the high made on 5/28/24 using the 65m timeframe. A more fine-tuned look at price action reveals a Descending Channel as well as a Falling Wedge/Bull Flag pattern seen on the daily...

JimmyNoDice

It is not a coincidence that just as the year is coming to an end one of the main indicators of market sentiment, the SPY, has reached a critical point of decision. Since the start of 2023, the market has largely been in a rally, as represented by the price movement of the SPY. Zooming out on the daily chart and you can quickly gain insight as to why the SPY's...

JimmyNoDice Updated 

AMD appears to have confirmed a technical breakout on the Daily chart. The stock has experienced a meteoric rise since its last earnings report(10/30/23) moving over +20% in just a few short days. This extremely BULLISH price action has not only been fueled by a great earnings report, but there is also a major news catalyst driving the stock price higher. The...

JimmyNoDice Updated 

Watching AMZN for a potential Inverse Head and Shoulders pattern to develop on the Daily Chart. AMZN sold off pretty hard leading up to earnings on 10/26/23 only to experience a large gap to the upside (represented by the blue parallel channel) to open the session on the morning after the report. The stock had been mainly trading inside a Descending Channel(D)...

JimmyNoDice Updated 

With Q3 '23 earnings set for tomorrow 10/30/23 AMD is perfectly positioned for a huge move to either the downside or the upside. Stock has traded in a descending channel since experiencing a meteoric rise after reporting Q1 '23 earnings, ultimately setting a high-water mark of $132.83 on 06/13/23. Overall Market has been in a downward trend and many stocks are...