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??
Advancedmicrodevices
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:
AMD is a buy at ~$39-40This virus has been rattling the markets hard, but don't forget that the demand for chips is not going away.
I'll be waiting for the .618-.65 fib region of price action support (green zone) and will go long from there for a nice snapback rally.
Hey AMD its time to calm downLook to the severe break in the northern bollinger band as an indicator to signal you to take your profit in AMD
'Bout to break down hard from the resistance of broadening wedge
AMD approaching to Historical Key Level.Soon we can watch a reaction of the price on a Historical Level 42.70.
Potentially it can bounce down to 34.26.
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AMD Breaks to UpsideAMD has confirmed its breakout to test the previous yearly highs of 2000 and 2006. These highs are very strong resistance.
AMD Pro Trader Run Breaks Above ResistanceBuybacks and Pro Trader activity drove AMD to a new high with a velocity run.
AMD Forms Slip-Slide DowntrendOnce again, AMD has failed to break to a new higher high. Heavy Dark Pool Quiet Rotation™ is thwarting upside action at this time.
Priceline of ADVANCED MICRO DEVICES INC A good short opportunityPriceline of ADVANCED MICRO DEVICES INC has crossed up the consolidation level of $33.37.
Now the RSI and MACD are turning bearish.
The price action can touch the last consolidation level again and test it as a support at $33.37 and then it will move up as we have strong support of moving averages beneath the price action
Regards,
Atif Akbar (moon333)
AMD Hits All-Time High ResistanceAMD hit its previous All-Time High resistance and retraced quickly. AMD is now retesting that resistance. Volume remains below average, which weakens the run overall.
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.
AMD Is Strongly SidewaysAdvanced Micro Devices has been trading sideways while many big-name companies have collapsed in price. AMD continues to show strength in the upside runs within the sideways candlestick pattern.
AMD - All Mighty DeclineCompany still has a lot to prove, think a pullback below $20 is feasible short term.
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).
