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Advancedmicrodevices

AMD Has it finally topped? Short-term sell in order?Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below): This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High formations. In addition, the 1D RSI is on Lower Highs that just broke below the Higher Lows and that has been the Sell Signal during the previous three occurrences. We are targeting a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 (green trend-line) breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
11
Market Top Looming For AMDRan through historical data on AMD and have quite a few signals of interest. The first event is bullish and calls for a move into the larger green box. Typically my signals come with a delay until the final movement is achieved. In this case, my Aggressive Multi-time frame indicator fired based on January 22, 2024 closing price. The signal was bullish, however, the common delay sees a retracement into the are of the pink box. Today, AMD moved down into the pink box possibly satisfying the delay prior to moving above the signal price and thus completing the signal. Although the delay and successful signal have both occurred, the stock cannot trade straight sideways forever. The likely direction is still very bullish, even if the stock were to revisit the small pink box in the next two days. Believing the stock will continue up, the question then becomes how high? I figure we are in the final end of an impulsive wave C. The five waves in this wave C are the larger Yellow numbers from when the wave began at the low on October 26, 2024. Yellow waves 1-4 are likely completed and we are in the final wave 5 upward now. Some of the common reversal points are highlighted with the wave extension levels on the right. 100% of wave 3's movement is at 151.05 while 200% is at 185.73. A wave 5 typically does not breach the 176.40% level therefore placing a likely top below 177.55. This yellow wave 5 is composed of five smaller white waves, of which 1-3 are likely completed and it is unknown if wave 4 was completed today too. Wave 4 could complete if there is additional downward movement within the next two days. Once wave 4 is confirmed the final white wave 5 will coincide with the market top. The same levels are interest on the left likely indicate a top below the 114% level. A common top is normally no higher than the 106-110% mark for micro fifth waves. This would likely keep the top below 177.20. I am not trying to find the top, but more of when the top could occur and what happens afterward. White wave 1 was five days, while wave 3 was six days. White wave 5 will likely be five days or less which is January 30. AMD reports earnings on January 30. There is a chance, either earnings, the outlook or a combination of factors do not fair well for AMD. There could be a final rally during the day on the 30th, until earnings come out after hours. AMD has debt that is due this year and the Fed's decision, but more likely its outlook on rate cuts this year could have a major impact on the refinancing of that debt. AMD could hold off on refinancing their debt if they believe cheaper rates are coming soon. If the Fed takes rate cuts off the table, do not provide a time table for cuts, or state factors enabling rate cuts are yet to be seen will force AMD to refinance their debt at higher rates. This could force them to sell stock (normally at a cheaper price), raise prices (consumers are already squeezed there) or another path not favorable to the short-term profitability. The earnings fall out will hit the stock on January 31. The Federal Reserve provides the next decision point on January 31. There is another signal that triggered at the close on January 12th that remains unfulfilled. That bearish signal indicated the stock could fall below 146.56 before February 20, 2024 based on historical data. The actual target box for the movement is the large yellow box on the chart. Based on the 383 studied occurrences, the signal is correct 91.361% of the time. Correct in this case would require a movement below 146.56. This instance could fall into the 8+% of failure, or it could occur via a longer path. I am positing AMD could crash down into the yellow box after fulfilling all signal price targets (pink, green, and yellow boxes). The Fed and earnings are only the beginning of the downward movement. I am still bearish on the market in the short-term (rest of 2024) even though I have called for the drop to occur in the prior months. The market is at new all-time highs, but are things really better than they were on January 3, 2022?
NASDAQ:AMD
by StockSignaler
AMD - All Time HighHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: In 2016 AMD broke out of a long term triangle reversal pattern. This breakout was then followed by a pump of +5.000%. After the 2022 pullback of 70%, perfectly retesting previous structure, we are not certainly back to a bullish market on AMD. If we see a retracement back to the structure mentioned in the analysis, I am certainly looking for more long setups on AMD. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
7
AMD's Soaring Stock: Riding the AI Wave with TSMC in Its Sights Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) is making headlines as its stock experiences a remarkable 11% surge, riding high on the coattails of Taiwan Semiconductor Manufacturing (TSMC), the world's leading chip fabricator. The recent boost in NASDAQ:AMD 's stock price is attributed to TSMC's bullish signals regarding the robust demand for AI semiconductor production. This surge not only underscores the vital partnership between NASDAQ:AMD and TSMC but also positions NASDAQ:AMD as a significant player in the rapidly evolving semiconductor industry. TSMC's Impact on NASDAQ:AMD 's Trajectory: NASDAQ:AMD , heavily reliant on TSMC for chip manufacturing, finds itself on the brink of a potential record high. TSMC's fourth-quarter results, although flat compared to the previous year, exceeded expectations, signaling a positive momentum shift. The crucial role of artificial intelligence (AI) in driving this growth aligns seamlessly with NASDAQ:AMD 's focus on enhancing its position in the GPU market, where it currently holds a second-place position behind industry giant Nvidia. TSMC's Q1 fiscal year guidance, with a projected 10% increase in sales compared to the previous year, further cements the positive outlook for $AMD. Despite a potential dip in Q1 revenue, TSMC historically experiences cyclicality, suggesting a return to annual sales growth for the company. This, in turn, bodes well for NASDAQ:AMD , reinforcing its status as a key player in the semiconductor space. NASDAQ:AMD 's Strategic Moves in AI: While Nvidia remains the undisputed leader in advanced graphics processing units (GPUs) for AI applications and data centers, NASDAQ:AMD is carving its path with strategic investments and innovations. The announcement of a new chip, positioned to rival Nvidia's H100, indicates AMD's commitment to competing at the forefront of AI applications. Analysts also highlight AMD's efforts to improve its AI software, addressing a historical preference for Nvidia's chips over AMD's. NASDAQ:AMD 's GPU and CPU Focus: Beyond the AI segment, NASDAQ:AMD 's prowess extends to both graphics processing units (GPUs) and central processing units (CPUs). As the second-largest standalone GPU maker, AMD aims to narrow the gap with Nvidia by securing performance wins and gaining the favor of major customers. Simultaneously, AMD continues to challenge Intel's dominance in the CPU market for PCs and servers, illustrating a multi-faceted approach to market share expansion. Investor Sentiment and Technical Analysis: Investors are increasingly bullish on NASDAQ:AMD , drawn by its strategic positioning in the high-performance semiconductor space. The introduction of a chip challenging Nvidia's stronghold and improvements in NASDAQ:AMD 's AI software contribute to the positive sentiment. From a technical standpoint, NASDAQ:AMD 's stock is in a rising trend channel, indicating sustained positive development and growing investor interest. Conclusion: As the demand for high-performance semiconductors, driven by AI applications, continues to grow, NASDAQ:AMD stands out as a compelling investment. The partnership with TSMC, strategic focus on GPU and CPU advancements, and positive technical trends position AMD as a formidable contender in the semiconductor industry. Investors eyeing long-term growth and exposure to the AI wave may find AMD to be a sensible addition to their portfolios, with the potential for further gains in the evolving landscape of high-performance computing.
NASDAQ:AMDLong
by DEXWireNews
AMD Surges as AI Optimism Fuels Stock Rallysemiconductor giant Advanced Micro Devices ( NASDAQ:AMD ) is experiencing a significant surge in its stock value, driven by growing optimism in the artificial intelligence (AI) sector. Analysts are revising their price targets upward, reflecting a bullish outlook on AMD's future prospects. This surge is part of a broader trend in the industry, where companies are strategically positioning themselves to capitalize on the burgeoning AI market. Key Catalysts: 1. Barclays' Bullish Stance: Barclays has named NASDAQ:AMD a "Top Pick" for the "2nd Wave of AI," boosting investor confidence. The investment bank raised its price target for NASDAQ:AMD shares from $120 to an impressive $200, suggesting a more than 30% premium compared to the stock's trading levels at the time of the upgrade. This move follows Barclays' observation that 2024 is poised to be a pivotal year for AI, with chipmakers like NASDAQ:AMD gaining market share. 2. Supply Chain Dynamics: With supply constraints impacting the industry, customers are reportedly opting for NVIDIA's entire platform to secure priority shipments of accelerators. This scenario has inadvertently benefited NASDAQ:AMD , contributing to a notable 7.5% surge in its stock price to $157.57, reaching its highest level in more than two years. 3. AI Market Expansion: As the AI market continues to expand, NASDAQ:AMD is strategically positioning itself to challenge NVIDIA's dominance in the sector. In response to tightened U.S. export rules, NVIDIA plans to commence mass production of an AI chip designed for its Chinese customers later this year. Meanwhile, in December, NASDAQ:AMD announced two new AI data center chips, signaling its commitment to competing with NVIDIA's flagship microprocessors. Analyst Perspectives: Analysts from KeyBanc have also revised their price targets, with NASDAQ:AMD receiving an increase to $195 from $170. NVIDIA's price target has been raised to $740 from $650 by the same analysts. These adjustments reflect a positive sentiment towards both companies, positioning them as attractive investment opportunities. The industry-wide PHLX semiconductor index is up 1.15%, further emphasizing the positive momentum in the semiconductor sector. Market Reflection: The market's response to these developments is characterized by the notable volatility in NASDAQ:AMD 's shares, with 22 moves greater than 5% over the past year. However, today's 5.8% jump suggests that while the news is deemed meaningful, it may not fundamentally alter the market's perception of $AMD. The company's shares have experienced significant moves in recent weeks, notably gaining 5.2% just eight days ago, indicating a dynamic market environment. AMD's Strategic Moves: NASDAQ:AMD 's recent announcement of the Radeon RX 7600 XT graphics card ahead of CES 2024 adds another layer to its strategic positioning. The graphics card, equipped with features like AMD FidelityFX Super Resolution and HYPR-RX, aims to provide seamless gaming experiences and cater to content creators, enhancing productivity and quality. Conclusion: In a landscape where AI-powered technologies are gaining prominence, NASDAQ:AMD 's strategic moves and the bullish outlook from analysts signal a compelling narrative for investors. The company's ability to navigate supply chain challenges, coupled with its advancements in AI-centric offerings, positions it as a key player in the evolving semiconductor industry. As the market continues to recognize NASDAQ:AMD 's potential, investors may find this juncture an opportune moment to delve into the promising prospects that the company presents.
NASDAQ:AMDLong
by DEXWireNews
2
AMD Correction expected on this Double Top.Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below): We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new correction doesn't have to be that long, even a shorter one is plausible as the same 1D RSI Bearish Divergence (on Lower Highs) that we currently have, was seen on all corrections within the 18-month Channel Up, with the shortest of them being -15%. Assuming this worst case scenario, we turn now bearish and target 129.00 (-15% from the Top). Then as long as the 1D MA200 (orange trend-line) holds, or even if broken when it gets reclaimed, we will buy again for the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
1
AMD - Approaching All Time HighsHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive breakout in 2016 we saw a rally of more than 4.500% on AMD. This rally was perfectly followed by a correction of 70% in 2022. As mentioned in my analysis, I am now waiting for a retracement back to the previous structure and if we have enough bullish confirmation, I will then look for potential trading opportunities. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
24
AMD laying path to the All Time High.Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below): The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the short-term Channel Up (as you see it is a very common pattern within the wider structure) holds, we will be bullish, targeting 160.00 (Fibonacci 0.786 and close to the All Time High). If the short-term Channel Up breaks, we will sell and target the 0.236 Fibonacci and 1D MA200 at 110.00 (or if contact is made higher, then close on that price). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
Can Nvidia Be Knocked Off The AI Top Spot?AMD's recent launch of the Instinct MI300X AI chip marks a significant entry into the AI chip market, challenging Nvidia's dominance. Supported by Microsoft and Meta, this innovative chip positions AMD as a strong competitor in the sector. Analysts predict AMD could capture about 10% of the AI chip market, a notable achievement considering Nvidia's current market stronghold. Following the announcement, AMD's stock witnessed a nearly 10% surge, indicating strong investor confidence in the new product's market potential. In contrast, Nvidia saw a modest 2.4% increase in its shares. Despite this, Nvidia has experienced a substantial 2.15% increase in its stock value over the past year, showcasing its robust market presence. AMD's ambitious goal to achieve $2 billion in AI GPU sales by 2024 underlines their commitment to the Instinct MI300X's success. Meanwhile, Nvidia, currently in a consolidation phase, fluctuates between support and resistance levels of $400 and $500, respectively. The introduction of the Instinct MI300X by AMD heralds a new era in the AI chip market, setting the stage for an intense competition between these tech giants.
NASDAQ:NVDALong
by Sublime_Trading
AMD Surges After Launching AI chip that Could Challenge NvidiaAMD unveiled its MI300X chip, an AI-centered semiconductor designed to challenge Nvidia's global market dominance. Advanced Micro Devices (NASDAQ: AMD) shares jumped in early Thursday trading after the semiconductor group unveiled an AI-focused chip for the data-center market, which it says could be valued at as much as $45 billion over the coming years. AMD, which in June pegged the total addressable market for data-center chips at around $30 billion, launched the MI300X chip, designed to support generative-artificial-intelligence technologies. And it unveiled a next-generation semiconductor focused on supercomputing, the Instinct M1300A. The MI300X, analysts say, could challenge Nvidia's NVDA dominant H100 graphics-processing-unit chip in the large-language-model AI market. Last month, AMD said the new chip could generate $400 million in fourth-quarter sales while the broader family of MI300 semis are expected to see sales of more than $2 billion over the whole of 2024. Large language models "continue to increase in size and complexity, requiring massive amounts of memory and compute,” CEO Lisa Su said during last night's launch event at the company's Santa Clara, Calif., headquarters. “And we know the availability of GPUs is the single most important driver of AI adoption.” Advanced Micro Devices shares were marked 2% higher in premarket trading to indicate an opening bell price of $119.12 each. Such a move would nudge the stock into positive territory for the past six months. AMD last forecast fourth-quarter sales in the region of $6.1 billion, plus or minus $300 million, with gross margins of around 51.5%. That outlook following a mixed third-quarter-earnings report that showed big gains in PC revenue had partly offset the ongoing decline in gaming. "While AMD acknowledged that its software can be further improved, it has reached the point of being 'good enough' for volume deployment," said KeyBanc Capital Markets analyst John Vinh. He reiterated his overweight rating on the stock following last night's launch event. "We're encouraged that AMD has released a competitive AI GPU within a massively fast-growing (total addressable market), with endorsements by many high-profile customers," he added. Technical Analysis The RSI (14) is at 56.52, indicating a bullish momentum. The MACD (12,26) is at 0.68, suggesting a positive trend. AMD is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AMDLong
by DEXWireNews
5
Advanced Micro Devices Inc (NASDAQ:AMD) Soaring As Market GainsAMD made significant revenue and unit share gains in the server, laptop, and desktop PC markets during the last quarter. Year-over-year, AMD gained 5.8% unit share in desktop PCs, 3.8% in mobile, and 5.8% in servers. Looking at the percentage of the cash AMD gained compared to its rivals (revenue share) year-over-year, AMD gained 4.1% in desktops, 5.1% in notebooks, and 1.7% in servers. The preceding quarters were challenging both for the consumer PC and server markets as chipmakers and their clients tried to normalize inventory levels and align supply and demand. The situation has largely normalized for the two major CPU suppliers — AMD and Intel — in the third quarter as PC makers started to purchase processors for back-to-school and holiday seasons, whereas server makers ramped up production of machines based on the latest EPYC and Xeon platforms. Overall, AMD was luckier than Intel in Q3 2023 as it gained share, according to Mercury Research. As it turns out, AMD has gained client and server CPU market share both quarter-over-quarter and year-over-year in the third quarter of 2023, based on data from Mercury Research. The data does not include numbers for Intel and Arm, though, given the dominance of AMD and Intel in client PCs, we can guess that AMD's gains were at Intel's expense. Technical Analysist Price Momentum AMD is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AMDLong
by DEXWireNews
AMD A great long-term buy. First Bullish Cross after 1 year!Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics. Last week's rise also broke above the 5-month Channel Down, which puts it back as a long-term Bull Flag, as it also held the Higher Lows Zone from the October 2022 market bottom. Perhaps the most important development is the emergence of a Bullish Cross on the 1W MACD, the first since November 14 2022, essentially after a whole year. The minimum rise of AMD's bullish legs since then was +35.24% so we expect this to be fulfilled at $126.00 and then buy the pull-back on the 1D MA50 (red trend-line). With that, we will target $133.15 (Resistance 1). That bullish leg has the potential to test the $164.85 All Time High (ATH) and we will buy it if we close a 1W candle above Resistance 1. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
1
AMD: Not long term bullish yet.Advanced Micro Devices has had an enormously bullish day as a natural result of yesterday's better than expected earnings and this rise closed the session almost at the top of the Channel Down pattern. This was enough to turn the 1D timeframe bullish (RSI = 59.297, MACD = -1.230, ADX = 33.876). This however isn't yet a long term buy signal buy for the first time since June, it is an encouraging one as it is being executed after a 1D MACD Bullish Divergence, on a Bullish Cross too. However we will only buy for the long term after the price crosses over the R1 level and then retests it as Support. If fulfilled, our target will be the 0.786 Fibonacci level (TP = 124.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMD
by InvestingScope
ADVANCED MICRO DEVICES Huge bullish break out in the runs.Advanced Micro Devices / AMD is above the 1day MA50 testing Falling Resistance 2, which is the final Resistance level before a complete technical bullish break out. This move was generated after a textbook test and rebound on the 1day MA200, inside the Higher Lows Zone of the long term uptrend. With the 1day MACD on a Bullish Cross, if the Falling Resistance 2 level breaks, buy and target 128.00 (+35.40% rise, the minimum so far on a 12 month range). Follow us, like the idea and leave a comment below!!
NASDAQ:AMDLong
by TheCryptagon
7
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices. Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside. With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AMDLong
by basictradingtv
40
Advanced Micro Device Can we bounce from 21 Weekly EMA?Hi Guys! This is a Technical Analysis on Advanced Micro Device (AMD) on the 1 Week Timeframe. Previously i posted a chart on the Daily Timeframe, mentioning of a potential breakout to the upside. But it was short lived as a fakeout, and we are down 7ish% since then. To get an understanding of what went wrong, i decided to analyze the Weekly timeframe to get a bigger picture. As you can see: We have closed BELOW the SUPPORT line of the triangle. We have also closed below this short term RED Horizontal support line. And we are now Testing SUPPORT on the 21 Weekly EMA. This is a Major development in my opinion. 21 EMA is used to determine trend: ->If its ABOVE = BULLISH ->If its BELOW = BEARISH Whenever we are ABOVE the 21 EMA, its important for the BULLISH trend to have price action test SUPPORT on the EMA, every now and then. For the BULLISH Trend to continue, we need CONFIRMATION that the 21 EMA indeed acted as SUPPORT. But there is also the case, of the 21 EMA not being able to maintain SUPPORT. So whats more likely in our current situation? In my Opinion, its becoming more likely or probable that we BREAK BELOW 21 EMA. For me and for more evidence i like to use INDICATORS. Ive highlighted some Scenarios that mirror our current developments in the 3 indicators ive added. Notice the Differences between how far we drop under the 21 EMA and the variations found in the indicators. For Price action to weaken and drop below 21 EMA, 3 things need to happen: 1. RSI -> Showing the Orange line break support and move BELOW the Black line. The longer stay below and continue lower, more likely for price declines. 2. MACD -> BEAR CROSS, (Blue line below Orange line) and the appearance of Red Histogram. 3. STOCH RSI -> Below the 20 level. The longer we stay below this level, more likely for price decline We are currently in this SCENARIO, highlighted by BLACK BOX. So now to determine exactly how far BELOW we go, If we do break SUPPORT. To gauge at that, we look LEFT and we look at the specific changes/ differences in the indicators. For LARGER PRICE DECLINES like in Scenario #3 and #4 -> MACD Histogram Bars were LARGE -> MACD Blue/Orange lines moved BELOW 0 level -> STOCH RSI for #3 continued for about 133 days (longest compared to other scenarios). -> RSI Orange line stayed below Black line for extended period Now notice #1 and #2 -> The indicators didnt show extreme variations as seen in #3 and #4 -> Scenario #2 Price action was below 21 EMA for a decent amount of time but it was consolidating, rather than having a major decline. -> Though the RSI Orange line was below the Black for extended time, -> the STOCH RSI was at oversold area for 119 days, -> the MACD Orange/Blue line NOT dose diving BELOW 0 level, helped price action maintain a range before moving back over 21 EMA. We have to keep in mind though that history DOES NOT have to repeat and that a new scenario can be possible BUT Main thing to watch is the size of the histograms of the MACD and whether or not we stay ABOVE the 0 level, in my opinion. A level to look at is the SUPPORT line labeled "MAJOR SUPPORT". IF we do close BELOW 21 EMA, it becomes more likely we test this line. ________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on AMD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:AMDShort
by SafofAllTrades
Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe. Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK. Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation. If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle. KEEP WATCH of FAKEOUTS, where we enter back into the triangle*** Our 1st Target = $125 - $132 range Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line. This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021. Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS: RSI -> Notice how the RSI is coiling up in this range between the BLACK lines. -> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need. STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1. MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level. -> If we get above this 0 level with the cross, it will further the Bullish Momentum case. TRADE IDEA: STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle Scale in your buy orders CONCLUSION: We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:AMDLong
by SafofAllTrades
AMD Still a buy as long as the 1D MA100 holds.Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at 95.00, on a potential contact with the 1D MA200 (orange trend-line) too, which is intact since March 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
6
AMD -> New Major Bullish CycleHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪 As you can see on the monthly timeframe AMD stock perfectly retested the 0.618 fibonacci retracement level of the previous bullish cycle and already started a quite nice rejection. On the weekly timeframe you can see that AMD retested the 50% fibonacci level and also filled the gap which was created a couple of weeks ago so everything is pointing towards more bullish growth. Finally I am waiting for an entry signal on the daily timeframe - specifically AMD breaking above the current resistance at the $115 area and then I also do expect another daily push higher. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AMDLong
by basictradingtv
37