10/16/22 SMHVanEck Semiconductor ETF ( NASDAQ:SMH )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $173.15
Breakdown price (hold below): $173.40
Sell Zone (Top/Bottom Range): $185.00-$211.50
Price Target: $139.80-$134.50 (2nd)
Estimated Duration to Target: 60-64d (2nd)
Contract of Interest: $SMH 12/16/22 165p
Trade price as of publish date: $8.95/contract
AMD
The world no longer needs chips! LOLThis is in my opinion like buying oil stocks in the march 2020 crash. Semis to technology is like oil to transport. The world will not survive without either. So I place my long here today confidently regardless of the next few weeks or months. I will hold this until we re-reach our previous ATH which will be sooner than most anticipate. I expect by 2025 this will rereach those highs and achieve a much higher value by 2030. This is a serious chance to change your wealth status. Buy red sale green as always this is not financial advice. Do not be short-sided with this dip. Get in front of big money. Retail is gone from the markets, now all that is left is big money to choose their picks... high probability this bounces soon major.
$AMD Analysis, Key levels, and Targets $AMD Analysis, Key levels, and Targets
It is time to just be prepared on all levels… I’m labelling this long because these are my levels were I will be accumulating… I don’t accumulate haphazardly, I have very specific levels…
So even though I’m not doing anything right this moment, my levels are marked and ready to go….
These moves could have the potential to be really amazing and huge, but also really devastating if you don’t know what you’re doing or don’t have an ability to average down if necessary…
I don’t have a position right now, but will post when I do… and it shouldn't be long because honestly this is starting to look really attractive here…
IF you trade this let me know your thoughts….
I’m going through my entire stock list this week (definitely longer than a week) so sorry in advanced for blowing up your emails… This is where the opportunities are at, y’all…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NVDA, now has a fresh low as was predicted.! whats next?I warned about a very strong bull trap in NVDA on 28th July and now the stock has a fresh low. !
As discussed in previous idea , inverted flats in bear market are among the most difficult patterns to recognize. Lets review published idea first :
Now, What is next?
As shown on the chart , a zigzag correction is most likely forming in NVDA and the stock is currently in wave 5 of A of an ABC form of correction.
Two suggested supports are shown on the chart by green lines. These lines coincide with 0.382 and 0.618 Fibo projection of wave 1-3 from top of wave 4 which are typical for end of wave 5. Suggested wave A which is (most probably) just the first large leg of correction will probably end at these supports. This means that stock may show a considerable counter trend correction (wave B) and a resumption of down trend (Wave C ) after that. It may take 12 to 18 months from now for completion of large degree ABC zigzag form of correction.
Picture inserted in the chart was captured from a very useful book written by Frost and Prechter titled : "Elliott wave principle key to market behavior " chapter 1, figures 1.22 and 1.23. As we can see current chart beautifully resembles text book example.
Please note this analysis may need update in future since corrective waves may take some complicated forms . Should it need any update, we can do it later.
I hope this analysis to be useful and wish you all the best.
AMD going after 2020 H&S that was ignored due to tech bubbleAMD formed a H&S topping pattern & has since broke below 100 psychological level & the neckline. It wants to retest 75, the neckline of a 2020 H&S that was bypassed because of the tech bubble. If the 75 neckline does not hold, the measured move may see a low of 49 or even a little lower.( due to the bigger H&S from ATH)
However, it will be good to start averaging down in the 64 to 49 zone because of the many Fib levels in
this area which may offer support.
Shortterm bearish but longterm bullish. Semi-conductor & memory chips will benefit from the gaming, Metaverse, AI, Automation & EV boom.
Not trading advice
AMD | Potential Bearish Day Trade OpportunityAMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it down to support.
Swing trading wise, I have an order placed to purchase AMD at $52 and am looking to sell at around $90 (close to the 100 MA).
AMD Multi Chart View Currently AMD has formed a ascending triangle which can be seen by the higher highs and rejection around $69 in the 4hr, 1hr and 20 min time frames. Over all AMD's primary formation is a descending channel which is seen in the daily chart to the top right. We are nearing our lower trend line in the daily time frame so I am expecting a bounce if we reach the $58-$60 region. However. It's possible that we break $69 and head up to the top trend line of the daily charts descending channel.
The 4hr chart has formed an ascending triangle which is usually a continuation pattern. So there is possibly more down side. However if we break $69 we can go higher. On the other hand it we break the lower trend line of the descending channel $58-$60 is our next target where we can possibly expect a bounce.
Lastly, from a risk to reward perspective there's a 14% difference from our current price around $68 to the lower trend line of the descending channel $59. While there's a 19% difference from our current price around $68 to our top trend line of the daily descending channel $80. The difference between the bottom trend line and top is about 35% to the upside if we bounce of $59 and hit $80.
Currently, I'm shorting at the resistance around the $68 to $69 region and will go long if we break above it with the next resistance above being around $73-$74.
AMD Kissing the pre-covid highsAMD is one the earlier tech giants who kisses the pre covid highs. The 2020 high can act as a major support at this stage of the game and definitely opens a nice entry into the $AMD ticker.
Immediate resistance is around $70 and next support is around $50.
I entered with a small percentage in along position at this point and will average down from here at every major support.
$FB Zuckerberg Gut PunchFaceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
MCHP: Retest of breakout zone?!Microchip Technolog y
Short Term - We look to Buy at 65.63 (stop at 62.70)
Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 73.30 and 78.00
Resistance: 74.00 / 90.00 / 120.00
Support: 64.00 / 54.50 / 45.00
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AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart;
• The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal;
• This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below;
• Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario;
• In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term;
• Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom;
• In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
🟢 AMD - 3D (06.10.2022)🟢 AMD
TF: 3D
Side: Long
SL: $54.69
TP 1: $86.81
TP 2: $101.65
TP 3: $113.65
AMD has done falling and showing signs of recovery by creating a possible rounding bottom in lower time frames.
I think it will start pushing back up now as RSI and MACD look like they have bottomed and wanting to go up.
$AMD Trading Plan. Weekly Head and Shoulders AMD closed below major support for the head and shoulders pattern. We saw a lot of red in the overall markets last week, and I think we'll be seeing some sort of relief rally across broader markets. Be patient and don't chase this trade wait for a retest of that support level.
Potential sells for EURUSD early next weekEU has been bullish the last 3 days but shows signs of a potential reversal.
EU has provided a strong reaction from the daily decisional supply zone.
AMD has formed and we are starting to get a pullback for entries.
Appears like liquidity creation to induce price to come into supply and take out the 15m FVG before reversing.
In terms of HTF EOF, if the 4H low goes, then the 0.96681 low will be targeted next.
Why is AMD stock starting to look like a chip bargain?/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices, as the chipmaker's products are still cutting edge and indispensable.
The modern world cannot exist without microprocessors. They control our cars, computers, and phones. There would be no Internet of Things without semiconductors. And Advanced Micro Devices makes some of the most powerful chips on the market, InvestorPlace writes.
So contrarian investors can lean into the volatility and grab Advanced Micro Devices stock before it gets expensive again. Chip market opportunities like this are rare and can be quite lucrative for daring traders.
//Positive catalysts are not included in AMD stock
It's amazing how quickly investors can forget about positive news. As soon as an obvious disaster happens (like the Sino-US tech war), it grabs people's attention and sometimes they panic and sell perfectly good stocks.
///What can you do now?
To a large extent, the tension between the US and China has already affected AMD shares. Surprisingly, the stock has lost half its value this year.
In addition, Advanced Micro Devices continues to threaten its competitors with premium products. Therefore, AMD investors should stay in the trade and consider adding to their positions while the stock is still cheap.
AMD Buying a break of $69.Advanced Micro Devices - Intraday - We look to Buy a break of 69.21 (stop at 65.39)
Trading within a Corrective Channel formation.
The trend of lower highs is located at 84.00.
A move through bespoke resistance at 69.00 and we look for extended gains.
Selling was posted yesterday but levels close to bespoke support of 63.00 have found buyers.
The trend of lower lows is located at 63.00. Bullish divergence is expected to support prices.
Our profit targets will be 78.78 and 81.78
Resistance: 66.00 / 69.00 / 75.00
Support: 63.00 / 60.00 / 57.00
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AMD: What it takes to reverse?• AMD is clearly bearish, doing lower highs/lows, and there’s no technical evidence it’ll recover or reverse;
• Since it lost the support at $73 (black line), it is heading to the $59 (red line), which is the next support level/target;
• If AMD reacts and performs a positive candlestick in the weekly chart, it might bounce back up to the $73 area, or even to the 21 ema, if the rally is strong enough, however, without bullish reversal structure, we can’t say AMD will reverse any time soon;
• For AMD reverse this bear trend, we must see two things: 1) A bullish pivot point in the daily chart, aka higher high/low (check the daily chart below for more info), and 2) AMD must break the 21 ema in the daily chart as well;
• Either way, at $59 it might get interesting again.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.