Advanced Micro Devices Analysis 04.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Advancedmicrodevices
Possible lagging diagonal on AMD. AMDWe called this one too early last time. Zooming on this one excessively, shows that we might be completing a lagging diagonal. In this case this may be a Wave C in an upward zigzag. Now, we are banking on actual motion down. Let's get Fibonacci to give us some goals.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$AMD | TRADE IDEAAdjusted my AMD count and this one makes more sense to me now. Looks like a larger nested 1-2 count instead of a 3-4 from the falling wedge area. This makes the count much more bullish and aligns a bit better with current price action.
As long as $118 low holds, I expect $146 target.
AMD semiconductor beastAMD has been unstoppable over the last few years, and this last shake out of the market has been a testament to its momentum.
Perfect bull flag break out running to ATH and now looking for the cup and handle style break out in trend which often follows months long bull trend.
The market is set up well and my next targets for taking profit is around 133 and 145 over coming months.
AMD : Positifs signals to buyAdvanced Micro Devices is bullish, but it was a correction phase between 08/05 and 09/20.
the candle of 09/20 was a good point of retournment.
Now the break of 107 by the price and to close above tenken (actually is 107,15) are the two signals to buy and the the resumption of the bullish trend
AMD Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
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The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
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Why Do People Trade SD Wrong?!You are taught to " Buy the dip ".
You are told " The trend is your friend "
But what is the dip and what is the trend, subjectivity destroys traders every single day.
I see so many traders trading supply and demand zones so reckless .
Every trader I watch just marks random zones and calls them supply and demand.
What is that?
When picking a supply or demand zone there are specific things you need to take into consideration in order to make real wealth when trading.
NTS specializes in supply and demand zones as you may have seen verifiable in many of my ideas.
But it is not just about supply and demand zones, if it was then everyone would be making money today!
There are certain things your psychology must overcome for you to start making any real profit.
So ask yourself, in order to trade supply and demand zones effectivley, have I actually put in the psychological work in order to truly benefit from the market?
AMD Buy LevelsMid July I posted a bullish idea on AMD and how the $93.50 level approximately was the level we wanted to watch as being key to AMD retesting and breaking previous all time highs.
Well AMD broke and found support at the $93.50 price level and upon doing so the price sky rocketed from that exact point and found itself on every news network this week that covers equities.
A pullback as we can see was very likely as a rejection at exactly the 1.618 Fibonacci extension level.. a very common rejection/reversal area after an asset smashes through all time highs and runs up in price. And now we see it struggling and getting rejected at the classic .786 fib level as well, typically the final blow of a parabolic runup in price.
NVDA is an asset that just weeks ago did the same thing and presented what has been a wonderful trade so far for those who have followed my idea on it by buying the pullback.
We are still in that NVDA trade currently and the same things I spotted in NVDA long before its drop and subsequent pump are some of the same things I am now spotting in AMD.
Looking both left and right, if you observe the color coded horizontal Fibonacci levels, we see confluence with a few overlapping lines. This is not coincidence and is in reality a very good sign as it adds credit to the idea that other smart traders are observing and trading these same horizontal levels of Fibonacci support.
I will be watching this closely in the coming days for a continued pullback which could bring it down to the $84 price level approximately.
Anyone who knows my ideas know that I wait patiently for a break of the .236 fib level on pullbacks, so I can then buy the breakouts of the .236 on the rebound back up. Which in this case means the price I will be sizing up a trade for will be $92 per share on AMD. This would be a nice 25% discount in price from its all time high set just a few days ago.
Also, there will be small trade opportunities at shallow fibonacci retracement levels for light positions but the real opportunities for an entry and low-risk trade will come at the lower fib levels as always.
Lastly, as I always point out, AMD does not HAVE to fall or go to these exact projected price levels. It is well within AMD's realm of possibilities to run higher in price.
However, given the runup that AMD has seen, and the strong rejection at a key area it is currently getting.. it is a high probability that the AMD dip has arrived and it is my belief that it will give patient traders a beautiful entry for another awesome trade here in the coming days and weeks.
Buy Levels
$122.41
$113
$106.12
$101.55
$97.17
$92.01
$84.24
AMD Buy?Its been a rough go for even the most bullish setups on equities lately due to the rocky nature of the macro with recent news of further inflation fears. Nonetheless we continue to hunt for the setups if not for the gains, then most definitely for the learning lessons that the markets can teach us.
For this asset, we keep things simple by keying in on an uptrend that has been supporting AMD since May.
It is expected that eventually this trend will break, but for now as long the price remains in the trend, buy opportunities exist at the green upward sloping trendline.
Once the green sloping line is broken, this will be our time to begin preparing for an exit.
The yellow line will be the first level of support should the trend be broken, but ultimately the bears will want to break the red line at $87.86 to confirm.
For the bullish case, continue to expect bounces at the green trendline of support until a full body candle closes outside of it on the daily and weekly time frames. A wise profit taking area will be around $93.50. If that level is broken and held as support, a retest of all time highs could be instore for AMD.
$AMD Return to the mean, 20-40% profit over the next quarter.Pretty simple trade setup here, expecting us to return to the middle of this channel quicker than previously, in as little as 20 days, as long at 50 days. Price target $100-$110.
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
AMD - Buyzone with CAD and TargetsAMD
BUYZONE = 83 - 88
CAD (Cost Avg Down) = 75
1st Target = ATH
2nd Target = 113
3rd Target = 123
HODL Target = 137
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$AMD Analysis Going into 1/12/21 (CES Event) 1/11/2021-1/14/2021Video breakdown going into 1/12/21. $AMD Event tomorrow AMD Keynote
TUESDAY, JANUARY 12
|
11:00 AM - 12:00 PM EST
DURATION 60 MINUTES
AMD President and CEO Dr. Lisa Su will keynote during CES 2021, presenting the AMD vision for the future of research, education, work, entertainment and gaming, including a portfolio of high-performance computing and graphics solutions."
$AMD Support and Daily Potential Projection (Still Long)$AMD is trending down after a strong open.
It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run.
A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached.
This remains a LONG LONG LONG, and nothing has failed in the trade channel, even with this potential midday pullback we might just see.
GL, etc.
-BDR
Note: See attached idea Re: Support above 97 and also the original LONG call. Thanks!