@fellow SPACulators @Dr of Dunk @CCity Zero https://seekingalpha.com/article/43...een-hydrogen-play-hl-acquisitions-30-discount TLDR: HCCHR trading at 35% discount to HCCH - risk is if deal with Fusion Fuel falls through, like warrants the rights go to $0.
i am not a semi guy; so thanks for the tip, real shady and saitou AMD's trend reversal has been confirmed emphatically, w a gap up. as for the MACD momentum indicator, from the nadir, the fast line has fish-hooked upward towards the horizontal slow line got in w lots of 52.5 CALLS, for the earnings run from the chart alone, i am leaning towards buying CALL suggest u read William O'Neil (publisher of Investors Business Daily) book on the fundamental of investing; in it, among many advises, he discusses the cup-w-handle formation, CWH this sure looks like a CWH; as a point of reference, look at MSFT's trading pattern in late April 2020
good find, nice triangle formation. if u change the setting to weekly view, and add the MACD histogram, it shows the same triangle formation, suggesting that there is enough momentum to propel / sustain the run-up for wks to come
Nice man, on AMD how far out did you go for the calls, like just to the week of earnings? I enjoy your setups, and I was intending on going AMD on Monday but after fumbling on AMD, like great calls and then bad ones... I didn't buy it, so you'll probably make like $1000+ profit a call, hahah. Hopefully you guys get great returns on it
If you guys are are enamored with AMD finally (possibly) breaking out, you may want to check out many of the other stocks in the PHLX semiconductor index. Several of those stocks have been steadily rising for weeks, I think. The most recent pop can be partly attributed to Micron's earnings. They can also tank just as easily if "recovery" falls apart thanks to COVID.
The Rise, Fall and Revival of AMD AMD is one of the oldest designers of large scale microprocessors and has been the subject of polarizing debate among technology enthusiasts for nearly 50 years. Its story makes for a thrilling tale -- filled with heroic successes, foolhardy errors, and a close shave with rack and ruin. Where other semiconductor firms have come and gone, AMD has weathered many storms and fought numerous battles, in boardrooms, courts, and stores. In this feature we'll revisit the company's past, examine the twists and turns in the path to the present, and wonder at what lies ahead for this Silicon Valley veteran. https://www.google.com/amp/s/www.techspot.com/amp/article/2043-amd-rise-fall-revival-history/?espv=1
i may not know much, but i know that under the stewardship of CEO Lisa Su, former IBMer, AMD had risen from the ashes if im not mistaken, AMD was on the verge of bankruptcy. one of the main reasons that Intel and other profitable chip makers didn't buy the dying AMD was due to concern over anti-competitive practice. the same reason that Micrsoft didn't buy the dying Apple, after Steve Job was fired
yip, im playing for the earnings run. CCity: i bought Oct Call options; if everything goes according, i'll probably exit w more than 90 days left, so i'd not lose too much in time value
If it breaks out tmr, will it be considered a bull flag pattern? In terms of business catalysts - it could be the wirecard bankruptcy that is driving the price, FTI's been appointed by wirecard's creditors as "financial adviser".
no, it is not a flag formation, as there is no flag pole should it pop, it'd be a pop off a "W" formation,
this might be of interest to the shortist in us on the heels of an earnings beat, FDX has gapped up by ~ 24, 16% pop my synthetic short was filled for $2.2 credit, Aug 7 expiration bto 165 call sto 160 call my bet is that FDX will be below 160
after reaching an all-time high ~~ 140+, IBB had retreated a tad, forming a pennant / flag ready to protrude the purple trend line for the 4th time in the last 2 mo. it has been forming a base, around the 130 - 140 range, for ~~ 2 mo. there is an adage, "the longer the horizontal base, the higher the vertical space" im bullish.
Maybe I am just an idiot....but all this technical drawings are just self fulfilling prophecy no? Couldn't you draw the same two lines on the last dip and it looks like it trended sideways and then dipped big time. Why wouldn't that happen again?
actually it's a case of you not understanding technical analysis iirc, back when MSFT was trading in the 170s, u were asking me if u should sell ur MSFT. using my TA took box, i concluded that MSFT was marching up to its previous high, then in the low 190s
Technically, yes, but there is some psychology involved with volume (as just one example), where a ton of people got in and may set stops so they don't lose any money, etc. For example, if a million people (volume) piled in at $30 and the stock went to $40, you can assume most want to get out before they lost any money on that trade if it goes down, so once it breaks or even approaches that $30 level, you could be talking about a sell-off. You can even see things like the "50% retracements" or "Fibonacci retracements" in charts all the time. That being said, I've always thought that in many cases, it's about convincing enough people something is a "thing" and trading around it. For example, if you can convince enough people that when it rains you should buy MSFT, you'll see pops in MSFT everytime it rains. In the industry, it's kind of known that it's a self-fulfilling prophecy, but yet it exists. I used to call it "ouija board trading" or "palm reading for stocks" because you had to be off your rocker to trust a bunch of lines anybody can draw in any manner to say whatever they want for trades. I could never buy a company's stock without knowing something about the industry or the company itself, but TA generally doesn't care about all that. And you'll see different people interpreting charts differently, too. But, I've come to realize it's just another part of the industry, so I accept it. It may make no logical sense, but if it does make money, why wouldn't you? As a sidenote, the funniest moment I ever saw on CNBC was a technical trader recommending a stock that stopped trading the week before. So even if you wanted to trade it, you couldn't. He recommended it based upon technical analysis, they went to a break, they realized the screw up and corrected it when they came back from the break. I swear that dude could've dropped his pants, done a handstand and let out a fart, and it wouldn't have been any more embarrassing. I had one of those looks on my face because ... "dude, you just recommended people buy a stock that no longer exists". The look on his face after coming back from the break made me want to give him a hug. As a second sidenote, I used to work for another company that I eventually found out was basically a bit of a scam (don't ask, I won't tell. lol). We sold a proprietary trading algorithm that I swear was nothing more than a MACD calculation that was fudged. So if your magical equation to calculate a buy or sell was y = mx + b, we just drew the graph using y = mx + b + 1. We could never prove this because only 2 or 3 people in the company had access to the actual algorithm which was a black box in the code, but you could chart our algorithm and just overlay it with a MACD chart and they were eerily similar. So my second caution is to beware spending money on magical algorithms that predict if a stock is a buy or loss. There is no fool-proof algorithm out there - everything works until it doesn't; many are just trying to sucker enough people into buying into them before they're discovered.
Thanks for the insights! The amount of bullsh** I have seen on these technical drawings is well...off the charts. like you said, there's an industry for it and they must keep the analysis going. between the technical traders and the algorithms, retail investors are just monkeys in the matrix. making what they think are logical decisions but playing into the hands of the graph drawers.
you didn't answer my question about TA nor my MSFT one... and no i didn't sell MSFT. i decided to keep it based on fundamentals and understanding the industry they are in.
