May 15, 2013

Tech Stock $AMD Heading For Another Trifold? : (NYSE:AMD) Advanced Micro Devices Inc.


Here is an interesting chart I created. 
DAILY DOT CHART
 DAILY CANDLE CHART
 60MIN CHART


     Advanced Micro Devices Inc. reported a first quarter EPS of -0.13, well above (25.77%) the consensus estimate of -0.18. $AMD stock price has been experiencing strong accumulation after the company announcing that new servers will be launching on its technology at a much cheaper price. Current trend for $AMD appears to be very bullish with a strong potential of reaching the upper channel extension in the mid term.

     I am going to start off by covering the first image (Daily Dot Chart). I changed the price settings to a Dot graph because I want to make evident past gaps that are significantly important for the forthcoming price action. Gaps most of the times serve as very strong S&R levels, also they tend to repeat themselves close to where they occurred in the past; so after $AMD breaks the $4.30 support, we could see a large gap in the next opening or so.

     Important levels to pay close attention are around: $5.50—$5.30—$4.80—$4.30—$4.00.

     I bought shares at 4.06 after breaking above the $4 support, closing the day about 5.8% up. Personally I discovered $AMD a bit late, not being able to buy right above the lower channel extension, however I think there is still immense opportunities of profit at current levels. $AMD shows a Volume by Price with strong support around the $5.30—$5.50 level; notice that it is one of the lenghiest bars in the graph. If we get to see a breakout above that Volume by Price bar, one could predict higher prices, eventually reaching the upper channel extension.

     Other events to consider: MACD is bullish; RSI is overbought, not meaning there is going to be a reversal, though a soft consolidation might soon originate.

     The second image is based on a 60min time frame. $AMD appears to have a rising wedge pattern with a successful bullish breakout; right below the upper line is a decent exit point just in case there is any pullback which $AMD might eventually encounter. In conclusion, I am long $AMD since $4.06 with a strong bullish forethought.

Alexander Schachter

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May 8, 2013

3D Printing: "Next Industrial Revolution" : (NYSE:DDD) 3D SystemsCorporation

Here is an interesting chart I created. 
                                                                   DAILY CHART
                                                                     5MIN CHART
     $DDD is down 7.92% after-hours due to the company announcing a release of 1.3 million mixed shelf securities seeking to raise $250 million with an underwritten public flotation. This is great news because the company aims to expand their cash to continue what they have been doing since their onset; R&D and strategic investments. However, $DDD currently stands at a PE of 96, making investors a bit skeptic about the stock being "expensive". Let's take a glance at both pictures above, the first one indicating a strong uptrend with several gaps that have been partially or completely filled. The white mark present in the top image is where price is currently trading after-hours. Levels where gaps start are usually good S&R  worthy of consideration. If price falls much lower, we could see $DDD around the 38.20% Fib line; if the downward momentum persist, I see price reaching the Gann 4x1 angle, or even much lower at the speed-line indicated on the top daily chart.

Alexander Schachter

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