AMD
AMD double-top indicates a fall back to 50 by JanuaryAMD has been trading in a descending channel for the past year. A double-top has just formed near the upper resistance line. This would indicate that the price will go lower shortly. It's possible a triple-top could form before this happens. It's also possible that a cup and handle have formed and the price will break out from the channel. But based on the past pattern cadence and the angle of previous price drops, I expect AMD to hit 50 sometime near the end of December or the beginning of January. I'll be watching closely over the next couple of trading days to confirm.
AMD Potential for Bearish Continuation | 11th January 2023Looking at the H4 chart, my overall bias for AMD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 62.41, slightly below where the 61.8% Fibonacci line is. Stop loss will be at 69.31, where the recent high is. Take profit will be at 54.58, where the previous swing low is.
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AMD DangerIn the coming days the SPY could drag AMD down to it's previous Oct 2022 lows. Watching the $64 area closely for support. Also, watching the $67 area, as well as the 65.15 area for resistance.
I will be going short once $64 is broken convincingly, I would like to see $63.50 broken before taking a position.
AMD, 10d+/-43.67%falling cycle -43.67% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
$AMD: Bottom after a correction?$AMD has a nice setup forming here intraday, if price breaks over $65.02 you can expect a strong up day tomorrow, with upside to $66.02. If it fails to get follow through after triggering this buy and moves under $64.08 you can consider the short term entry failed and take the loss. Don't risk over 1-2% in such an entry...if it triggers.
The daily down trend time has expired, so it suggests price could mean revert back to the down trend mode @ 70.67 within the next 7 daily bars or less. That's a good target for any position you let run for longer than a day after taking this short term opportunity to get long stock.
Best of luck!
Ivan Labrie.
Advanced Micro Devices Analysis 27.12.2022
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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AMD: Still bearish, but could it REVERSE from here?• AMD is trading at a key support level, around the 61.8% Fibonacci’s Retracement;
• In addition, last week, it filled a previous gap at $63.05. This gap is another support level for AMD’s price;
• What’s next? Keep in mind, it is still a mid-term bear trend, as AMD is still doing lower highs/lows and it is below the 21 ema. If it loses the $63.05, it’ll just resume the bear trend and the next technical support is at $59.86;
• Could AMD reverse the bearish sentiment? Yes, but it has to break the previous high at $67.85, along with the 21 ema;
• As long as AMD stays between its main support and resistance levels, nothing new will happen. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
AMD reviewHey guys, this is PunnyTrader
I’m using a technical analysis and Elliott waves theory to trade.
Since this terrible war, American market has been blocked for Russians, interest has been decreased.
I’m one of a few who has an access.
Therefore I decided to create my second Youtube english speaking channel to share my knowledge and experience about stock market and trading.
Today, I’m gonna show you AMD , (ADVANCED MICRO DEVICES), NASDAQ blue chip.
Here we could see a global bullish outlook.
I suppose wave number one ended at 48.50$.
Wave two at - 1.61$
Wave three finished at the historical maximum.
It has 5 sub-waves, and price rate is too far from its limit.
So, downtrend from 164.46$ is wave number 4.
Minimum 54.57$ may be the end for the whole wave 4 or just for the wave 4-A.
What could be interesting in that case?
As we know, wave 4 does not overlap with the price territory of wave 1.
But there is a close approach to wave number one maximum.
From here, someone could have an idea to buy AMD.
Yeah, it is possible. Price now is much better than a year ago.
But I’m not gonna do this by myself and I can’t recommend it to all.
So first, sometimes rules are broken.
That is why, here is only one really important support level. It’s 1.61$
Of course, the chip has fallen down more than 3 times.
But the possibility of the AMD collapsing still remains.
And second, there are no signs of reversal indicators at the long time frames.
RSI and MACD are neutral at months and at weeks.
According to my trading system, that is one of the reasons to buy any stock.
And what do AMD owners need to do?
Many of them are in losses.
A lot depends on your current stock portfolio.
If you have a large position in AMD and little free cash, your option – nothing to do.
Traders who have enough free cash and small position in AMD – they could buy and decrease average price.
But that’s very individual.
So, the main conclusion: to purchase AMD now is too early
For holders two options: buy or just hold.
Thank you for watching this video, like it.
Subscribe to my channel. Profit to everybody!
AMD Back To Previous LowsAMD is down 60% from its all time high (ath), and even went so low as 67%. Things are looking grim for the tech stock, however, things may start to turn around sooner than later.
This down trend has been going on in a falling channel, which is my favorite pattern to trade. Judging from the magnitute of the decline of the last couple weeks, it seems like the stock want to come back to its previous low. From there, we can expect a small bounce, and potentionally, making a lower low.
From there, we want the lower low to be formed above the middle line of the channel. If that is the case, 49 dollars could be the bottom for AMD of this bear market, bringing us to a total decline of 70%.
AMD: Around the 61.8% Retracement! [Target Hit + New Key Points]• AMD is crashing today, and it is rejecting yesterday’s bullish reaction;
• What’s more, it behaved exactly as we described in our previous analysis on it: It respected the first retracement at 38.2%, but when it lost it, it just dropped to the 61.8%, ignoring the 50% retracement – This pattern happens most of the time;
• In the 1h chart, AMD is losing the 21 ema again, and it seems it wants to fill the previous gap at $62.84 (red line);
• It is still above an important support area, made not only by the gap mentioned above, but by the 61.8% Fibonacci’s Retracement;
• There’s still time for a bullish reaction, but so far, the price action is not confirming any bottom sign in this support area;
• If AMD loses the $62.84 area, the next technical support is around $59 - $58 (blue lines);
• AMD is in a short/mid-term bear trend, as it is just doing lower highs/lows in both, 1h and daily charts. There’s no bullish reversal structure on it as well, but if AMD is about to react, now is the perfect time. I’ll keep you posted on this.
Remember to follow me to keep in touch with my daily analyses!
AMD more pain to come BEARISH: Here is my thought, after wave 5 is complete we are looking for a pull back to one of these critical fib levels, if AMD can not brake through the $104.98 level i will maintain my bearish narrative.
BULLISH: On the other hand if we break $104.98 i think we can see a another bull run until the end of the year or longer. Crashes come when people least expect it.
$NVDA Bearish Inverted Cup and Handle Pattern + ETH Merge$NVDA forming a bearish Inverted Cup and Handle Pattern
Demand for GPUs has recently dropped by 15%, but is likely to drop further and farther after the Ethereum merge era.
Almost tens of millions of GPUs purchased in the past four years to mine ether, this just shows how much losses are going to be for companies that make GPUs ($AMD, $NVDA) 📉
$AMD Bearish head and shoulders pattern formation + ETH merge $AMD forming a bearish head and shoulders pattern, a break of the neckline activates the pattern (daily candle close below the neckline)
Demand for GPUs has recently dropped by 15%, but is likely to drop further and farther after the Ethereum merge era.
Almost tens of millions of GPUs purchased in the past four years to mine ether, this just shows how much losses are going to be for companies that make GPUs ($AMD, $NVDA) 📉
AMD shortNASDAQ:AMD
AMD is losing ground in the graphics card market. According to an Analyst, AMD's share of the discrete graphics processing unit (GPU) market stood at 8% in the third quarter of 2022. That was a big drop from the prior-year period's market share of 17%. Also Nvidia's server processors are going to pose another challenge for AMD. It will be an interesting first quarter for AMD. We expect that we will see the last lows. Thats why we made the following setup:
Trading Idea / Shortterm:
Entry Sellshort: 65 $
Exit:
Stoploss at 74.00 $
Target: 55.03 $
Advanced Micro Devices Analysis 12.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis: