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AMD

AMD: Hit a MAJOR RESISTANCE! What's next?• AMD is in a very strong bull trend, since it broke the $62 area, triggering an Ascending Triangle chart pattern; • Now, AMD is in a resistance area, as seen in the weekly chart (blue area); • This resistance area is a key point where AMD found support level multiple times in the past, and now, it is near the 21 ema as well; • If AMD does any weakness sign in this area, it might correct again (there's no clear top sign yet, but one might occur soon); • However, as long as it stays above the $62, the bullish bias would persist, meaning, any pullback would be anoher opportunity to buy, despite any possible short-term pullback in the next few days; • The situation is critical on AMD, so it is very important to keep our eyes open in this area. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5
Zooming Way Out on AMD's Chart—$55 Key Level of SupportZooming way out on AMD's chart shows that the vicious 1-year downtrend since the all-time high in November 2021 appears modest on a weekly logarithmic chart. The downtrend has retraced only .236 of AMD's uptrend since the major low on July 27, 2015. This seems like a reasonable spot for AMD to consolidate it's recent sharp decline over the past 10-11 months. It's clear that in the intermediate term, bulls need to hold AMD's price above $54-$55 or else the next major level to the downside comes into play. However, in the longer-term, it does not seem unreasonable to think that AMD could retrace 38.2% of its 7-year uptrend and reach $28.09, or perhaps lower looking out years. This update provides only a brief snapshot of AMD at the secular level of trend. One technical expert whose books guide this author's work says that primary degree of trend covers about nine months to two years on average. So this seven-year chart is definitely the next level of trend higher than the primary degree. Note that this weekly chart with multi-year levels are not intended as short-term or intermediate term forecasts. Instead, they merely provide a multi-year framework in which to view the recent downtrend. Perhaps the $55 level can be watched, however, in the coming weeks, especially with volatility around AMD's earnings next week or the FOMC presser. This level may be retested. If the level is broken in the coming weeks or months, the next major Fibonacci level becomes the target at $28.09. Interestingly, the weekly close last week was just above the golden VWAP from the April 4, 2018, low. If AMD can hold this level, it may bounce a bit more before resuming lower.
NASDAQ:AMD
by SquishTrade
21
AMD to $35-37It's pretty obvious what's happening here. Relatively low volume and overall negative sentiment in the economy; continued rate hikes and poor earnings performance - just imagine what the earnings will be next quarter when the recession really hits people. The canary in the coal mine is the housing market and the historic levels of consumer credit card debt; who's going to have disposable income for electronics other than larger companies? A great deal of AMD's revenue comes from consumer sales; not merely data centers and large corporations. From a chart perspective, $35/37 is where I think we will feel 'max pain' - I think this is the best area to long. It might touch $30 but it's hard to imagine it going much lower - $24-28 is my absolute lowest target but highly unlikely. We're currently in a bearish formation and in an ascending channel which is bearish. The 2nd leg of the drop would take us right down to that $35/37 level, which was the previous resistance before it had its major bull run to $160 - it would be very fitting for it to consolidate there. Also something to consider; a Black Swan event in regards to a Taiwan invasion would send this thing even lower.
NASDAQ:AMDShort
by BigApeManStrong
1
AMD LONG TERM VERY GOODLONG TERM : AMD what I believe will form very strong support at this 58-54 range. If it breaks below it, it may lead to 35 (I highly doubt this). I believe there's more upside than downside on AMD especially on the longer term. I believe this stock will more or less jump up and down between these 73-58.27 ranges. It'll atleast try to attempt 73 at one point in time before it breaks this support. SHORT TERM: I think this can hit 67.11 at least before the next earnings and touch 73.63 Breaking 73.63 not realistic with current market conditions. (Can change) I'm bullish long term on this.
NASDAQ:AMD
by KinCobalt
AMD is a strong short-term BuyAdvanced Micro Devices (AMD) has been practically consolidating since the October 13 Low. As the long-term trend has been bearish within a Channel Down pattern since the November 30 2021 Market High, the current consolidation following the rebound on the (dashed) Lower Low (diverging) trend-line can be seen as an Accumulation Phase preparing for the next bullish leg to the top of the Channel. As you see all previous legs within the Channel Down have been following a certain pattern. After a (near) 30.00 1D RSI reading, and a MACD Bullish Cross, the price rebounds to at least the 0.618 Fibonacci retracement level. That is currently at 85.68 buy is outside the Channel Down, so we will settle for a Target within 73.50 - 77.50. Only a break above the 1D MA200 (orange trend-line) can be considered a long-term trend change to bullish. See how the 1D MACD prints Higher Highs and each break above the Pivot is larger. More or less this is consistent with the price breaks above the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMD
by TradingShot
2
AMD: Possible scenarios - A Multi-Time Frame Analysis.• AMD is in a critical situation, inside an Ascending Triangle chart pattern; • To whatever side it breaks, AMD will look interesting, so let’s work with a few scenarios. • First, by doing a downwards breakout, it’ll just resume the bearish sentiment (AMD is still bearish, keep this in mind), and the next support around $54 would be just the first target; • Second, by doing an upwards breakout, AMD will do mid-term reversal, and in this scenario, I see it retesting the next resistance in the weekly chart (blue area), and the 21 ema as well (the 21 ema is dropping, and it’ll be at lower levels in the next weeks); • Third, if AMD does a sideways breakout it’ll frustrate the pattern, we can’t set targets for this scenario; • Either way, it is worth keeping an eye on AMD for now. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1
AMD D1: 35% CORRECTION TP HIT CONGRATS(SL/TP)(STOCKS/RECAP)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AMD D1: 35% CORRECTION TP HIT CONGRATS(SL/TP)(STOCKS/RECAP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AMD H2 chart review and outlook ::: TP HIT already congrats ::: original setup posted July 26th ::: review original setup via link below ::: maxed out already ::: Currently DISTRIBUTION almost completed ::: we broke down on heavy volume ::: this is NASTY looking chart ::: BAD for the BULLS / stay out ::: FED rate hikes incoming / FED PUT is GONE ::: short sell rips/rallies in the throwback move ::: expecting backtest of the recent Distribution Range ::: recommended strategy: SHORT IT / STAY OUT ::: up to 35% correction still possible from here ::: fair value for Amd is 55/60 USD ::: DO NOT BUY/HOLD here this is NOT A DIP ::: This is stock market meltdown in progress ::: be careful / don't get ran over by the FED 🔸 Supply/Demand Zones . N/A RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDShort
by ProjectSyndicate
10
NVDA SHORT IF WE FAIL TO BREAK ABOVENVDA is rejecting near the $134-$135 region which is acting as the current resistance. NVDA has formed a descending channel that can be spotted on the 1hr, 2hr, 4hr and Daily time frames. We're currently rejecting off the top trend line and should reach $115-$120. However, if we break the over head resistance we head higher. I'm currently shorting NVDA on pull backs until we reach $115-$120 where I'll be getting calls. My current short region is $134-$135 where I'm loading up on $130 puts 2-3 weeks out.
NASDAQ:NVDAShort
by MannyTman
1
$AMD tight spot, with this inside dayNOW earnings boosted this after hours. It's in an interesting spot. $60 was the level to beat. It held it for the most part. If it can stay above and trigger the 2-1-2u tomorrow, it can be a good play. It really needs to break 62 with some force since that BF is sitting right there. Then can target the 64. Breaking that will flip the month/qtr green and can target the gap. This may not happen until earnings or not at all, but something to be aware of. Downside needs to break and hold 59 and can target 56, but be careful as this has been a chop area. Call vol is nice
NASDAQ:AMD
by my_stockcorner
5
AMD Nears Multi-Month Support, Higher Risk for ShortsPrimary Chart: AMD's YTD Parallel Channel and Short-Term 2.5 Month Parallel Channel This post will provide only a brief update to the more detailed technical discussions of AMD from last week. The more detailed technical analysis is contained in a pair of AMD posts linked on the Primary Chart above. 1. Nothing has changed with regard to AMD's larger downtrend structure. As discussed in last week's analyses, AMD remains in a severe downtrend that has shown no evidence of structural change. 2. Last week's discussions identified a false breakout above the shorter-term down trendline, made especially clear by a Pinocchio bar with a long shadow protruding above this trendline. This foreshadowed the large decline that ensued the next day, with the stock gapping down significantly. Since the Pinocchio bar was identified, the stock has plummeted another -15.0% to -17.1%. Isn't it interesting that when stocks are in a trend in either direction, they can go higher / lower than expected? Stocks that seem very low in a downtrend seem to find their way ever lower. 3. An extremely sharp bear bounce could occur at any time . Just look at the prior rallies in the chart below this paragraph. Many of these bear rallies rise nearly vertically from the lower line of the channel (called the return line). This is typical of bear rallies. They tend to be some of the strongest rallies that happen in markets, and this bear market has been a fascinating learning experience (even if painful for longer-term investors) as these rallies and declines unfold. Supplementary Chart: Measurement of Prior Bear Rallies and Bounces YTD 4. Just because bear rallies can happen doesn't mean that every time the lower channel is tagged that a sharp rally will ensue. But a bullish divergence has formed on daily RSI , meaning that as price made new lows, RSI made higher lows. But a bullish divergence can be erased by price falling rapidly to a new low and pulling RSI with it below its prior RSI low. So it's better to wait for confirmation from price. 5. The lower edge of the parallel channel on Primary Chart shows where price could reach in October 2022. This level ranges from about $55 to $51 over the course of this month. The critical question for AMD is whether (i) price will accelerate its downtrend even further by breaking below this line or (ii) whether AMD will reverse there for a sharp bounce back into the channel. One other alternative is that AMD could whipsaw below the line for a few trading days in an extreme exhaustion move, then snap back above the line, signaling an intermediate term rally. Having identified the key levels that may affect the price action, SquishTrade will not attempt to make bold predictions of either (a) a break below the trendline, or (b) a key reversal that leads to a sharp trip back to the top of the channel. Much will depend on the FOMC minutes and CPI this week and their affect on the interest-rate environment. Given the environment (a severe downtrend) and the levels shown, traders and investors can make their best call with tight stops in place that measure and limit risk—risk is inherent in every trade or investment which is why stops are important for everyone except Warren Buffett—or even better, they can wait patiently for a trend-based setup at resistance. ________________________________________ Author's Comments: (1) Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate in the comment section. Shared charts are especially helpful to support any opposing or alternative view. (2) This technical-analysis view does not constitute a trade recommendation or trade setup. Instead, it attempts to offer technical commentary that describes and analyzes price levels, trends, price action, or the broader technical environment as of the publication date. Technical-analysis commentary does not equate to trade setups or recommendations. Within a given price environment, traders bear responsibility for their own trading strategy, risk tolerance, and time frame, and for any due diligence associated with such trades. (3) This technical-analysis viewpoint could change at a moment's notice, e.g., when price violates a key level of invalidation for a particular view. Further, proper risk-management techniques are vital to trading success. (4) To the extent countertrend price moves are discussed, consider that countertrend or mean-reversion trading, e.g., trading a rally in a bear market, remains higher risk and lower probability even for the most experienced traders and investors. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified / licensed financial adviser or other financial or investment professional before entering any trade, investment or other transaction.
NASDAQ:AMD
by SquishTrade
31
AMD Potential for Bearish Momentum | 26th October 2022On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 67.15, where the 23.6% fibonacci retracement is to the take profit at 48.35, which is in line with the 127.2% fiboancci extension and 161.8% fibonacci projection. Alternatively, the price may rise to the stop loss at 78.6, where the 50% fibonacci retracement is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMDShort
by Rockqet