Advanced Micro Devices Inc
Short
Updated

ADVANCED MICRO DEVICES $AMD | CHIP STOCKS FALL DOWN Dec11'24

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ADVANCED MICRO DEVICES AMD | CHIP STOCKS FALL Dec11'24

AMD BUY/LONG ZONE (GREEN): $141.50 - $166.50
AMD DO NOT TRADE/DNT ZONE (WHITE): $134.50 - $141.50
AMD SELL/SHORT ZONE (RED): $110.00 - $134.50

AMD Trends:
AMD Weekly Trend: Bearish
AMD Daily Trend: Bearish
AMD 4H Trend: Bearish
AMD 1H Trend: Bearish

AMD Oct29 earnings release started bearish trend. Bears should start targeting the previous quarter's lows. Price is currently breaking my indicator's range to the downside, and all display indicators are pointing to a bearish trend for amd. Recently, bearish momentum breaks down from the DNT range this week.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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Price continuing downward in the bearish zone:

snapshot

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