Advancedmicrodevices
$AMD BUY NOW? OR WAIT?Breaking down AMD in this video to see were we might head! Im off to take a nap!
AMD found a strong supportAMD Advanced Micro Devices has found a strong support on the middle line between 2/1 and 3/1 gannfan and on the middle line between 0.618 and 0.5 fib which is also a prior support level from the move up at 74.28$. AMD made a double bot at those levels and had a very strong move to break the prior highs making new highs and with that a higher low higher high bullish structure. Next stop will be at the 50sma 2/1 line but if the momentum stays as strong as it is now it will break through it and retest it in a very short time and continue up from there. Price target is the 1.618 fib level (81.80$ level) -> 2.618 (86.59$ level) at first.
The second price target will be hit after the 50sma retest and from there we will go to the prior highs
AMD found support and is ready to go up from its pullbackAMD found a strong support on the 2/1 gann fan line aswell as on the 0.618 fib level from which it will not continue going up to the main 1/1 gann line into the 1.618 fib level ($107). Momentum also shifted strongly indicating a strong reversal point around those key levels - that support is also a double bot and we are not on the second leg of the W
Advanced Micro Devices (AMD) Technical Analysis - GO LONG Info:
The AMD Ryzen and the Intel Core CPUs offer similar performance, the former being better at multi-tasking while the latter are faster when it comes to single-core tasks. However, Ryzen CPUs tend to offer better value for your money.
Technical Analysis - The idea is to go long following the major bullish trend.
Fundamental Analysis - Good News as per below info - Go long.
Advanced Micro Devices (AMD)
AMD’s processors have become a mainstay in the PC market and its expansion into gaming and data centers provides ample room for growth. The company competes alongside the likes of Nvidia and its CPUs are outshining rival and industry titan Intel (INTC - Free Report) . For instance, the announcement of its new 7nm Ryzen desktop processors on July 21 helped send its stock to new highs, only a week before it posted strong second quarter results.
AMD’s quarterly sales surged 26% and it raised its guidance, which is no easy task at the moment. The firm is also set to benefit from the holiday 2020 launches of the and next-generation Xbox and PlayStation and its cloud-focused chips are being used by Microsoft (MSFT - Free Report) and others. And the good news kept coming, when AMD announced on August 4 the “availability of new AMD Radeon Pro 5000 series GPUs for the updated 27-inch iMac.”
Looking ahead, our Zacks estimates call for AMD’s fiscal 2020 sales to surge 32%, to easily top FY19’s 4% jump, as well as FY18’s 23% and FY17’s 22%. AMD’s FY21 revenue is then expected to jump another 20% higher. Meanwhile, its adjusted earnings are projected to soar 72% this year and 46% next year.
AMD is a Zacks Rank #3 (Hold) at the moment, with its bottom-line estimates up big since its report. The chip firm’s shares have soared 50% since July 21 and they climbed to new highs once again Thursday—all part of an epic five-year run that still appears to have legs.
I'm Looking For a Short On AMD Around $90I have kept my eye on lookout for a spot to short AMD.
Price has been playing this rising wedge perfectly.
We were looking to short it not too long ago if it would of broke through the support.
Instead it surged to return to the top of the wedges resistance.
We are now approaching the $90 level. I am interested in taking a short position their based off the pattern recognition. This will be an aggressive play. If were to break the top of resistance I will look to exit. First we need to see if we will get to $90. I stand firm on that price target.
Best of luck!
Explosive Performance As support Never Broke. Rising Wedge(AMD)We were analyzing this one about a month ago with signs of it Squeezing under the most recent horizontal high as it ranged sideways towards long term support.
Major explosive bull movement breached the high and now is proceeding to play the top range of the massive rising wedge on a 3day chart.
I'm mainly interested in playing the breakouts of the major s&r levels on this one.
Stay tuned.
AMD - Advanced micro devices Technical AnalysisNASDAQ:AMD
The Idea is to go long - a price retracement might happen soon.
Prices have been moving sidewise for a while - it can be seen as a pause to the market before resuming its previous bullish trend.
The rally is due to the good performances/results in the super fast chip development (bringing the attention of investors).
Advanced Micro Devices $AMDEntry. $57.08
S/L $54.25
TP $63
12 months Consensus Price Target: $51.97
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Thx
Looks like everything was hit by a bus today. Is it still a good set up for the trade above or the direction will change??
Advanced Micro Devices forming handler $AMDAfter it hit the pivot, it is pulling back now and forming a handle.
AMD: Bullish Cup and Handle Formation 4H (Apr. 23)X FORCE GLOBAL ANALYSIS:
AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout.
Technical Analysis
- We have spotted a traditional reverse head and shoulders pattern on the 4H chart
- This pattern has been supported by a parabolic trend line support
- We have seen a small correction after the formation of the right shoulder, which could be interpreted as the handle pattern
- Despite the correction, the Relative Strength Index (RSI) continues in an uptrend, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) also shows a clear uptrend, with a potential golden cross
What We Believe
Though not stated in this analysis, we believe that AMD is a stock with strong fundamentals, and a lot of bullish potential based on short term technicals as well.
Trade Safe.
Advanced Micro Devices $AMDIt looks like #Advanced Micro Devices is forming cup w handle. $58.63 is the breakout resistance.
AMD Nears Top of ChannelThis is a simple analysis of AMD. It looks like the price is near the top of a very steep channel on the weekly chart. Although we could overshoot the channel, odds are the price stays contained within imo, but I don't know the future.
Look for areas where the risk reward is your favor and make your move.
Advanced Micro Devices $AMD#AdvancedMicroDevices formed H&S bottom and broke the resistance out. The target is now $59.27
Advanced Micro $AMDEven though #AdvancedMicro didn’t sell off too much, it is like holding in the air. #RSI is weak and may pull back
AMD? Sp500? Nasdaq?I see the fundamentals but I dont see how these prices can be sustainable technically, by the chart its either bulls pushing the limits, or large/more buyers getting in; both making the correction (if any) all that more severe. Looking at past of AMD the M chart doesn't seem to reassure. By the chart its positioned to correct due to being seemingly over extended, especially considering the correlation to SPX500. However, both have shown resilience over the recent past.
I am trying hard to resist the temptation to jump on the wagon here, as 54 still offers upside fundamentally. Either it:
1. Continues and maintains these levels
a) Large investment holds withstanding selling pressure.
b) New buys cash out sellers.
c) Renewed buying pressure from old buyers/ FOMO
2. Follow through of weak points
a) Temporary buying pressure subsides/ sell-off
b) Change in investor perception/ limit reached.
However, I imagine if money remains on the table these levels could be held artificially, all that considered its difficult for me to see past the technical with this one at the moment and I will try hard to resist the temptation to get in.
W:
M:
