AMD INV H&S ( SHORT TERM BULLISH )
AMD Inv. H&S, high chance of another bullish leg up to capitalize off of. The reasoning for short term bullish is due to the fact that the weekly time frame is over extended with a similar historial pattern to the previous "top" of AMD's weekly high before falling to correct.
AMD
AMD?interesting chart. i have the AVWAP at the 52 week low showing confluence with the support trend line. after earnings and fed speak we broke out the channel. were coming close to geting above the 0.68 fib retrace from last high 132/133ish area.
were also tradin above the 200-100-50 moving averages
that can also be a giant bull flag and cup and handle and all those measured moves take you to key areas. idk if it gets there or when. but just a text book looking chart right now.
✨❄️🌟 The Tutorial How-To Find a Magic on TradingViewFinancial markets just finished its memorial 2023.
Whatever the numbers at the “Closing bell”, on your monitors and in your portfolios, there is no doubt that 2023 year’s Santa Rally will go down in history as one of the most outstanding in many years.
In November and December, 2023 the U.S. stock market was rallying for the 9th consecutive week in a row.
This was the longest ever upside streak in SP:SPX over the past 20 years, since the fourth quarter of 2003.
Well.. just try to answer what happened with the market the past one time.
Happy New 2024 Year!
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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.
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AMD's Strategic Moves & Innovations
Advanced Micro Devices ( NASDAQ:AMD ) is making waves in the tech industry, unveiling an array of groundbreaking products set to redefine the gaming and desktop computing landscape. With the launch of the Radeon RX 7600 XT graphics card and the Ryzen 8000G series desktop processors, AMD is strengthening its position in the market, challenging competitors, and signaling a promising future.
Radeon RX 7600 XT: A Game-Changer in Graphics Performance
NASDAQ:AMD 's latest graphics card, the Radeon RX 7600 XT, is set to revolutionize gaming experiences with its impressive features. Boasting 16GB of high-speed GDDR6 memory, the graphics card supports next-generation AI and content creation workloads. This move enhances AMD's competitive edge against industry giant NVIDIA, particularly the GeForce RTX 2060.
What sets the Radeon RX 7600 XT apart is its compatibility with AMD FidelityFX Super Resolution and HYPR-RX, along with AMD Fluid Motion Frames. This combination promises up to 1.9 times faster gaming and raytracing performance compared to the NVIDIA GeForce RTX 2060, showcasing AMD's commitment to delivering cutting-edge technology to its user base.
The graphics card is slated for release on January 24, 2024, through leading NASDAQ:AMD board partners such as Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, and XFX. This strategic move positions AMD as a key player in the gaming hardware market, ready to cater to the demands of enthusiasts and professionals alike.
Ryzen 8000G Series: Unleashing Desktop Power
The introduction of the Ryzen 8000G series desktop processors for the AM5 platform is another testament to AMD's commitment to innovation. The Ryzen 7 8700G, with its world-leading built-in graphics, features up to eight cores and 16 threads, offering a powerful solution for desktop users.
NASDAQ:AMD is also bringing Ryzen AI to the desktop, unlocking new possibilities for consumers in the AI space. Additionally, the Ryzen 5000 processors, including the Ryzen 7 5700X3D with 3D V-Cache technology, further solidify AMD's position as a leader in high-performance CPUs.
Riding the Wave of Success: AMD's Strategic Vision
NASDAQ:AMD 's success story is closely tied to its strategic decisions, particularly under the leadership of CEO Lisa Su. Over the past few years, NASDAQ:AMD has shifted its focus to its core competency – high-performance CPUs and GPUs – resulting in significant market share gains over competitors like Intel. The company's CPU market share has surged from 18% in 2017 to an impressive 36% in the fourth quarter of 2023.
The company's expansion into AI is a strategic move to tap into the growing market, projected to reach a trillion-dollar valuation by 2030. While Nvidia currently dominates the AI GPU sector, NASDAQ:AMD 's upcoming MI300X AI GPU is poised to challenge that dominance, offering a fresh and competitive alternative.
Technical Outlook: Riding the Rising Trend
From a technical perspective, NASDAQ:AMD 's stock is on an upward trajectory, showcasing investor confidence and a positive outlook for the company. Breaking through resistance levels and presenting a lack of immediate hurdles in the price chart, NASDAQ:AMD appears poised for further growth.
Conclusion:
As NASDAQ:AMD continues to unveil innovative products like the Radeon RX 7600 XT and Ryzen 8000G series, the company solidifies its position as a key player in the tech industry. With a strategic vision, strong leadership, and a focus on high-performance computing, NASDAQ:AMD is set to capture the gaming and desktop markets while venturing into the lucrative field of artificial intelligence. Investors and tech enthusiasts alike are keenly watching NASDAQ:AMD 's journey, anticipating further success in the ever-evolving tech landscape.
AMD - Approaching All Time HighsHello Traders, welcome to today's analysis of AMD.
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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.
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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.
🚀 TIA: Analyzing the AMD SetupTIA has made a dynamic entry into the cryptocurrency market, showcasing an impressive and rapid upward trajectory. On the 4-hour timeframe, a distinct Accumulation and Manipulation Distribution (AMD) pattern, based on Wyckoff principles, has taken shape. This pattern is often indicative of strategic accumulation before a substantial price surge.
📉 Technical Analysis:
🚀 AMD Pattern:
The Accumulation and Manipulation Distribution (AMD) pattern is characterized by a series of phases:
Accumulation Phase: Smart money accumulates assets quietly.
Markup Phase: A breakout and significant price appreciation occur.
Distribution Phase: Smart money distributes assets to the broader market.
Markdown Phase: A decline in prices as distribution completes.
📈 Trading Dynamics:
💹 Strategic Accumulation:
TIA's price action reflects a phase of strategic accumulation, with informed investors quietly acquiring positions. This often sets the stage for a powerful markup phase.
🚀 Potential for Price Surge:
Following the accumulation phase, the market may experience a sudden and substantial price surge. This is particularly anticipated after the completion of manipulation and distribution.
📉 Breakout Scenarios:
🔼 Bullish Breakout:
With the completion of the AMD pattern, a bullish breakout is anticipated, driving TIA's price upwards. Traders should watch for confirmation signals and favorable market conditions.
🔽 Watch for Distribution Signs:
Caution is advised as the asset progresses through the distribution phase. Signs of distribution may precede a potential markdown phase, and traders should be vigilant for shifts in market dynamics.
📝 Trading Strategy:
🧐 Confirm Breakout Signals:
Traders are encouraged to confirm the bullish breakout by utilizing technical indicators, volume analysis, and other relevant tools.
📈 Risk Management:
Implement sound risk management strategies to navigate potential market fluctuations during the transition from accumulation to markup.
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EOY review $AMD explosive move up, still inside year NASDAQ:AMD what a move, bright green year, but still inside year
outside quarter, inside year
extended? maybe, who knows, but....
always room for a further move up, especially given the highs of '22 and '21
both, not taken out yet....
let's see how semi conductors will move from here, in the A.I. era
AMD, Worst Case Scenario and it still suggests making a new ATH!It seems madness to talk about making a new ATH these days with such a panic in the market due to FED's decision to raise the rates .Please follow the analysis to see if this is really a madness or just being realistic without caring to much about emotions , feelings and NEWS !.
What I am proposing here on the chart as wave count is what I can see as worst case scenario however, I welcome and embrace any more pessimistic wave count which anyone can suggest. So, If you have such a wave count please let me know and let us share our ideas.
I divided the chart into two sections with a vertical line to keep the chart clean and being focused on details of latest moves. I called the left side of the chart as territory of cycle degree wave 1 and 2 which means we are currently in cycle degree wave 3 started on 27th July 2015 at 1.61 USD.
Why I call this wave count as WORST CASE SCENARIO? Since, I considered a completed cycle with start point at 9.04 USD on 4th Apr 2018 and end point at ATH with extended wave 5s in all subdivisions ! As we know extended wave 5 is usual in commodity not stock market . What is common in stock market is extended wave 3 . I remarked extended wave 5s in different wave degrees on the chart. It is really a pessimistic wave count. Yet it is valid .
Considering this wave count as a true one , We are in primary degree correcting wave 4 (circled) and still there is one leg up to new ATH around 180 USD to make cycle degree wave 3 complete. Possible buy zone for this scenario is shown on the chart by green box. If this scenario happens , We will have a big correction at new ATH, Then another massive bull run and after that a big crash ! but, It is to soon to talk about.
In upper left corner of the right side of the chart , I showed a schematic drawing of an extended wave 5 with it's typical retracement. Typically, retracement of an extended wave 5 ends is top of wave 3 or wave 1 of 5. This guideline makes our suggested buy zone even stronger.
WORST CASE SCENARIO implies that we may have more optimistic scenario . Is there any? Of course there is . Since bodies of candles of current down going wave more than likely will enter to the territory of what labeled as wave 3 of (5) of circled 3 in daily time frame, we can consider wave cycle started at 72.5 USD on 13th May 2021 to be completed at ATH on 30th Nov 2021 with extended wave 5 .( There is alternative wave count which also considers this cycle a completed one but makes no difference in terms of price target in broader view). Also , extended minor degree wave 5 for intermediate degree wave (1) can be acceptable since both retracement and correcting pattern satisfies extended wave 5 pattern (See schematic drawing once more ).
But , What about extended wave 5 of (3) starting at 36.75 on 18th Mar 2021 and ending at 99.23 at on 11th Jan 2021? Neither amount of retracement nor the correcting pattern confirms this to be extended wave 5 !. If so, It can be considered as wave 3 of a different cycle with last up going wave (from 72.5 to ATH) being extended wave 5 of same degree and up going wave from 27.43 to 59.27 being wave 1 of same degree. In even more optimistic wave count this can be wave 1 of a new starting smaller degree up going wave cycle ! Try not to be confused ! All of these means that we may have more optimistic scenario with more up going waves with successive new ATHs one after another.
All in All, I assume that in worst case scenario, cycle degree wave 3 is yet to be completed. There are even more optimistic scenarios. Please let me know if you can make a more pessimistic yet valid wave count. As I previously emphasized , I believe AMD will see unbelievable targets in long term.
Hope this analysis to be helpful.
AMD Reached to a good buying zone as shown on the chart NASDAQ:AMD reached to a fair price to enter right now and I think it is going to reverse up soon ,so i am buying AMD now now at 108.9 and my target in mid term is 125 and the final target at 156 .
What do you think? Please, comment on what's you opinion
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).
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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.
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.
GOLD retracing to 2034Price is currently in a daily distribution phase towards 1990, and we got to 2010 yesterday where Price was pushed back by an OB.
The current movement of Price is not an impulsive move but a correction which is a reaction from the OB at 2010. I believe Price would take the NY liquidity created yesterday at 2030 and resume its downtrend.
Its safe to buy but bear in mind we are in a downtrend, so scalp only if you can.
Risk management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
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🔄 BCH: Fractals of Accumulation, Manipulation and DistributionIn the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape.
Chart Analysis: Unraveling the Pattern
Accumulation Phase:
BCH has entered a phase of accumulation, characterized by sideways movement and the formation of a trading range between $177 and $270.
Accumulation suggests the gathering of positions by savvy investors, preparing for a potential upward move.
Manipulation Dynamics:
Historical patterns indicate that BCH often experiences manipulation after accumulating within a range.
Traders should be alert to sudden and unexpected price swings as manipulation unfolds.
Distribution Anticipation:
Following the manipulation phase, BCH typically enters a distribution phase, where accumulated positions are released.
This distribution could lead to a swift decline, potentially revisiting lower support levels.
Projected Scenario: A Cautious Path Forward
Range Trading: $177 to $270:
Traders may anticipate range-bound movements within the $177 to $270 zone as accumulation continues.
Establishing strategic positions within this range might be a prudent approach.
Manipulation Swings:
Be prepared for sudden and sharp price swings, indicating manipulation in progress.
Active risk management is crucial during these volatile periods.
Downside Potential: $160 Target:
In the event of manipulation leading to distribution, a potential downside target is around $160.
This level represents a historical support zone that could attract buying interest.
Upside Momentum: $370 Objective:
Upon completion of the distribution phase, a swift reversal and surge towards $370 may unfold.
This upward momentum could signal the start of a new bullish cycle.
Strategic Approach: Navigating the BCH Landscape
Range Trading Tactics:
Traders can capitalize on the range-bound nature of BCH by strategically entering and exiting positions within the $177 to $270 range.
Risk Mitigation During Manipulation:
In anticipation of manipulation, active risk management, including the use of stop-loss orders, is crucial to safeguarding capital.
Long-Term Perspective:
Long-term investors may view the accumulation phase as an opportunity to accumulate BCH at favorable prices, anticipating the potential for a significant upward move.
Conclusion: BCH's Symphonic Movement
As Bitcoin Cash (BCH) dances through its accumulation, manipulation, and distribution phases, traders and investors alike have the opportunity to decipher the symphony of market dynamics. By understanding and strategically responding to these phases, participants can navigate the BCH landscape with greater confidence.
🔄 Accumulation in Progress | 📉 Anticipating Manipulation | 🔄 Distribution Patterns
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