AMD Strong buy on the 1day MA100.Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing.
It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years.
The last correction from June to October 2023 was exactly -30.15%.
Exploit a double entry strategy with the first buy here on the 1day MA100 and the second if it drops more to the 1day MA200.
The bottom is confirmed after the 1day RSI forms a Rising Support.
Target 260, being the 1.382 Fibonacci extension, which formed the high of June 13th 2023.
Previous chart:
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AMD
$AMD Recognize where and whyThis is a chart I created several weeks ago. I find these points of inflection fantastic for support or resistance depending on the PA of course. I've drawn these on several tickers and the outcome is almost always the same. This is just information. Do what you want with it.
AMD: Near the 2 month Support. Strong Buy.AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that every time AMD had dropped under the 1D MA50 while on this multi year Channel Up, it was a strong buy opportunity. Only in August it kept falling, but not aggressively until it found support on the 1W MA50.
Consequently, we treat this as a effective buy entry, aiming for a +61.60% increase at least (TP = 260.00), like the October - December 2023 rebound.
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AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
Correction Coming for AI? AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations.
Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental and technical reasons why we may have to prepare for a windy and bumpy ride ahead.
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AMD technical analysis on 20 Mar 2024Stock : AMD
Date : 20 Mar 2024
Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )
preferred Transaction : Sell ( 181.42 $ )
Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart.
Technical Analysis success at level : 165 $
Technical Analysis fail at level : 187 $
Nasdaq, Semiconductors, Natural Gas, Bitcoin: FOMC reviewDiscussing the sell off in semis today.
Potential reversal in Nat gas
Bitcoin & crypto selloff.
FOMC tomorrow: No rate cut.
Will Powell come out hawkish tomorrow? its looking likely he will based off of the BOJ rate hike. Oil surging doesn't help the dovish case.
Commodities breaking out doesn't help the inflation fight.
AMD and Sony Semiconductor Revolutionize Autonomous DrivingIn a groundbreaking collaboration, Advanced Micro Devices ( NASDAQ:AMD ) and Sony Semiconductor Solutions ( SGX:SSS ) have joined forces to pioneer the next generation of LiDAR technology, a crucial component in autonomous driving systems. Leveraging AMD's cutting-edge adaptive computing technology, the newly unveiled LiDAR automotive reference design promises unparalleled accuracy, reliability, and efficiency, setting a new standard for automotive safety and innovation.
Empowering Autonomous Vehicles with Precision and Reliability:
LiDAR (Light Detection and Ranging) technology is instrumental in providing depth perception and environmental mapping for autonomous vehicles. By harnessing the power of AMD's adaptive computing technology, the SSS LiDAR reference design offers exceptional object detection and real-time analysis capabilities, essential for navigating diverse driving scenarios with precision and reliability. This collaboration marks a significant leap forward in the quest to enhance the safety and efficiency of autonomous driving systems.
Pushing the Boundaries of Technology:
Yousef Khalilollahi, Corporate Vice President & General Manager of AMD Adaptive Computing Group, highlights the transformative impact of adaptive computing technology on LiDAR advancements. By integrating AMD's innovative solutions into the LiDAR reference design, the collaboration exemplifies a shared commitment to pushing the boundaries of technology and driving innovation in critical industries.
Setting New Standards in Performance and Adaptability:
Takayoshi Ozone, General Manager of the Automotive Development Department at Sony Semiconductor Solutions Corporation, emphasizes the significance of incorporating AMD adaptive computing technology into the LiDAR reference design. This strategic collaboration enables Sony Semiconductor Solutions to deliver cutting-edge solutions that set new standards in performance, reliability, and adaptability, addressing the evolving demands of the automotive industry.
Unlocking New Possibilities for Autonomous Systems:
The SSS LiDAR reference design, powered by AMD Zynq™ UltraScale+™ MPSoC adaptive SoCs and Artix™-7 FPGAs, empowers automakers and automotive equipment suppliers with a comprehensive perception platform. This platform enables autonomous vehicles to navigate complex driving scenarios with exceptional precision and identify potential hazards in real-time. The combined efforts of SSS and AMD are poised to accelerate the adoption of LiDAR technology across various industries, unlocking new possibilities for autonomous systems worldwide.
Driving the Future of Autonomous Driving:
As autonomous driving technology continues to evolve, collaborations between industry leaders like AMD and Sony Semiconductor Solutions play a pivotal role in driving innovation and shaping the future of transportation. By harnessing the power of advanced computing solutions, LiDAR technology is poised to revolutionize the automotive industry, ushering in a new era of safer, more efficient, and more reliable autonomous vehicles.
In conclusion, the partnership between NASDAQ:AMD and Sony Semiconductor Solutions represents a significant milestone in the advancement of LiDAR technology and autonomous driving systems. With their combined expertise and commitment to innovation, these industry leaders are driving the future of transportation and paving the way for a safer and more connected world.
NIO STOCK TO 10 BUCKS REASONS !!Strong Fundamentals
NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers.
Innovative Partnerships
NIO’s recent partnership with CATL to produce EV batteries that can last up to 15 years is another bullish indicator. This collaboration could lead to significant cost savings for NIO and its customers, potentially boosting NIO’s market share in the EV space.
Expanding Market
The EV market in China, the largest auto market globally, is expanding rapidly. The Chinese government’s push for green energy and the growing consumer awareness about environmental sustainability are driving this growth. As a domestic player, NIO is well-positioned to capitalize on this trend.
Semiconductor Pullback Imminent?The semiconductor index has been one of the best performing areas of the market over the last few quaters, and has continued to be strong since the late October bottom.
The index is coming into overhead fibonacci resistance, and with weakening momentum starting to show up, similar to July last year, a pullback here looks likely.
It seems hard to imagine with all of the AI lead optimism, but this sector could see some retrace back to the 3100s to reset sentiment.
If the indicated resistance region is broken, the next likely targets are substantially higher.
Will be monitoring for a reversal pattern to emerge and confirm the time has come to exit longs and consider a short trade.
AMD flashed the strongest 1W sell signal you can get.Advanced Micro Devices (AMD) has hit the top of the Fibonacci Channel Up last week and immediately got rejected, closing the 1W candle almost flat. This is a significant 1 week turnaround, which may evolve into a bearish reversal as the 1W RSI gave the strongest sell signal possible.
That is reversing on the 82.50 (overbought) level, which since the 2009 bottom of the U.S. Housing Crisis has always delivered a strong medium-term correction. If we focus on the last 4 years alone, we can see on the chart 4 such correction events ranging from - 21.50% to -39.50%.
As a result, we are sellers on AMD, aiming at a $180 minimum (-21.50%). If it drops more, we will wait for a more comfortable buy at $140 (-39.50%), which should potentially make contact with either the 1W MA50 (blue trend-line) or the 1W MA100 (green trend-line). The latter has been a former Resistance during the Bear Cycle that turned into Support after May 2023, while the 1W MA50 has two clear bottoms that evolved into aggressive rallies since the week of May 01 2023.
Basically this signal is more useful to long-term investors for when taking profit and how to make two lower buy entries and manage the long-term risk effectively, while having a $300 long-term target.
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AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now.
I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow.
None of this is financial advice its just my opinion. Thank you
AMD Corrected Again- Buy the Dip Idea LONGAMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th
from the mean anchored VWAP support. Two days later finding itself extended to the second
upper VWAP band, price corrected over the next day down to the first upper band and then
after a few hours reversed and headed back toward the second upper band going somewhat
sideways and getting there two and a half days later. Price was rejected from that dynamic
resistance and fell into the first band which provided support to close the week.
The Luxalgo regression line forecast is for yet another more up to test the resistance of that
second upper band. I will take a long trade here recognizing that the forecast is for a 10-12%
move in the immediate term. If the forecast is accurate a stop loss will not be necessary. I will
set it at 204 to prevent anything other than an insignificant loss.
AMD Consolidating Above Prior ATHAMD recently pulled back to the prior 2021 ATH after the recent earnings release. As long as the ~165 support holds, the price action is building a bull flag that should eventually resolve higher after working off some of the recent overbought momentum.
Resistance could come from multiple significant overhead measured targets between 209 and 233, which could eventually lead to a pull back to the 80 support range.
EURUSD KEEP FOLLOWING BULL MOVE LONG TERM The EUR/USD currency pair has been making waves recently, and it’s currently dancing around the 1.1150 mark. Here’s what you need to know:
Recent Highs: The pair has been on a bullish streak, reaching its highest level since March 2022 after convincingly breaking above the 1.1100 mark. Bulls are flexing their muscles, and the euro is strutting its stuff against the US dollar 1.
US Dollar Weakness: The greenback has been feeling a bit under the weather. The latest US inflation data showed signs of easing inflationary pressure, causing the US Dollar Index (DXY) to hit its lowest point since April 2022, hovering just above the 100.50 area. Odds of further rate hikes by year-end have also declined significantly 1.
ECB’s Hawkish Stance: Across the pond, the European Central Bank (ECB) remains hawkish. Persistent inflationary pressure in the euro area is pushing them to consider raising policy rates by a quarter percentage point later this month 1.
Upcoming Data: Keep an eye out for more US inflation data. The Producer Price Index (PPI) is estimated to drop from 6.6% to 6.1% annually, while the core figure is expected to decline from 5.3% to 4.8%. Additionally, the ECB will release the minutes of its latest meeting 1.
Technical Levels to Watch
Resistance: The immediate resistance lies near 1.1150.
Support: On the downside, watch out for the previous daily low at 1.1005.
Psychological Levels: The psychological levels of 1.1100 and 1.1200 are crucial battlegrounds
AMD: Start selling. Top this or the next week.Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that level, so we expect the stock to price its new top this week or the next. In addition, the 1W CCI has been trading sideways but above the overbought limit since November, similar pattern as the sequence that led to the June 2023 peak. It is worth to start selling now, targeting close to the S1 level (TP = 165.00).
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