Dave Barnhart breaks down a $1.5B dark pool print in AMD at $511 and analyzes Google's setup, mapping key price levels, moving averages, and ATR values to identify bullish and bearish triggers.
Chapters
Good morning, traders. It's Thursday, July 16th at 4:16 AM. All right, 2 stocks for you today. We've got AMD and we've got Google. So AMD's down and Google's up a little bit, but let's go ahead and look at the largest trades in the last month on this. You can see this consolidation here going back. This is June 18th up to current, and we're millions of shares here. 2.3 million, 1.2, 600K, 3.1 million. That's a big one right now that we're sitting on. And so we've made a lower high, increasing volume yesterday. And we're testing these prints on the downside. So let's go ahead and see if this holds. We'll map it out for a trade either side. So on the left-hand side, here we go. So we're going to be bullish above 521. Let's get above this opening candle, have that as support. Target 524.62 is a cam. 529.14, 650K. 532. 53 is the pivot and 66 is the cam. This is also my 200 exponential, 200 simple, so be careful with this. This is bearish looking today from the daily, and so this might be the end of the road. Be careful with this 200 simple, 200 exponential on there. Then we've got 538.18, 540.88 is 825K, 542.70, and then we've got, then we've got 550 and 555.50, which is our one, and that's where I ended on that one. On the downside, we're going to be bearish below 510. Let's get below here. We're sitting on these prints. This is about 3.4 million right here. So if we break below 510, target 506.18, 502.01, 500. Then we've got 494.83, 21. So if this just breaks down and we're riding the 4 and 8 exponential moving average like this, then you can come down here. I figured that to the S2. The ATR is $37 on this. So We'll see this one has a wider range. All right, switching over to Google. So Google largest trades in the last month, you can see here right at the top around 368, we had 1.5 million, and then we pulled back here to the 100 simple moving average, and we've got a whole bunch of prints here, millions and millions, 4.2 million here, uh, around 337. And then we've come up to test the prints, came back higher low, increasing volume, breaking above the prints, and then we've got 2 days We're continuing to move up here, and so this seems to be quite strong pre-market. So let's map this out on both sides of the trade. We're going to be bullish above 377.50. We're coming up to this R1 right here, so let's see if this will hold. 377.50 target, 379.66, 382.50, 383.33, then we've got 385, 387.39, and 390. On the downside, we're going to be bearish below 370.150. Let's get below here. Target 370, 369.46 is a cam, 368.03 and 1 right here. We've got this print, 1.5 million, and it's sitting there right on the cam. Then we've got the pivot at 367.44, 365.55 right there, and then we've got 362.18 and 361.24. We ended at this S1, the ATR, and this one's about $11. That covers us there on the downside. Mind this 200 simple, 200 exponential sitting right here as a retracement. Remember that on the higher time frame that it's stronger. We— this is tagged, this 4 exponential moving average, and is moving up. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we'll see you tomorrow with all new trade setups. Happy trading. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
