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Advancedmicrodevices

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:
NASDAQ:AMD
by mostpro1
3
AMD Analysis: Daily Timeframe Chart Pattern and Bearish BiasConclusion for today's AMD analysis: Price action closing below ~28.65 confirms lower prices. The Daily timeframe chart (Log scale) of Advanced Micro Devices Inc. (AMD) is presented with analysis covering over 11 months of price action. AMD’s bullish price swing from a price low of 16.44 to a price peak of 34.30 on June 10, 2019 is captured using a rising wedge chart pattern that is ideally bearish. In addition the upper boundary and lower boundary for price is highlighted on the chart to help define the range (side trend) for price action over the past 11 months. Immediate resistance is marked on the chart at ~32.58 which is just above a falling window (gap). Price closing below ~28.65 implies a breach of support and also confirmation of the wedge, both of which indicate strength to the downside. Minimum profit target in this scenario is the lower boundary of the wedge at ~16.06.
NASDAQ:AMD
by Coin_Analyst
Advanced Micro Devices Inc. (AMD): Trading zone & Trouble Ahead.Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16. AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD. Meandering price action since October 30, 2018 till current date has produced a sidetrend, following price retreating after the September 25, 2018 price high of $33.60. Support region for the current sideways price action is present between $16.16 and $14.73, while the upper boundary and lower boundary of resistance is $28.53 and $25.29 respectively. A breakout above $28.53 implies further upside for AMD. Lack of a breakout above $28.53 and/or consolidation within the region of resistance could result in a downward swing in the price of AMD. Strategies for selling include the following: (1) Selling on a breakout below $21.92 is considered (less conservative). (2) Selling on a breakout below AMD’s long term bullish trendline (conservative). (3) Selling on a breakout below $16.16 (most conservative).
NASDAQ:AMDShort
by Coin_Analyst