AMD monster $100 levelIt is showtime for AMD.
The so strong $100 psychological level.
Not only it offered many times a good support and bounce, other times it offered a strong rejection/resistance.
Now price is back at it.
All it needs is another strong day in the indices and we might see a push above it towards 106 / 110
AMD
AMD earnings beat | Strong Buy Rating AMD entered the Buy area on oversold level predicted here:
AMD Q1 2022 Earnings:
EPS $1.13 vs $0.91 expected
Revenue $5.9B vs $5.2B expected
On 4/25/2022 Raymond James Upgraded AMD from Outperform to Strong-Buy setting a price target of $160.00
I think a reversal to $102 is most likely.
Looking forward to read your opinion about it.
AMD Reports: Planning for Each ScenarioAMD reports after the close today and is expected to have strong revenues over last quarter. The chart patterns suggest some Pro Traders setting up ahead of the report.
The question is how far can it rise on the retail reaction to the report? Where are the sellers? See the red lines. 124 is the strongest resistance for the short-term trend, but there are potential stalling levels on the way up as well.
Earnings reactions can be a very short-lived event, so prepare to take profits when the pro traders do. They trade against retail.
AMD: A Simple Swing Trade Setup in the Current Bearish Phase Since early 2022, AMD has entered into a bearish phase, consistently making lower lows. This gives us high probabilily swing trade opportunities because this stock has persistent trend. Our plan is very simple; we will simply wait for a pullback because we can clearly spot that AMD follows a well-defined pullback structure . It is important not to pick tops and bottoms if the price is in a trending environment.
Currently, the price is in the bearish impulse stage, making a new lower low. We have no immediate trading action for now. Our road map is to enter sell positions from the retest of 102 level. We can observe from many occasions that several retests of previous key levels occurred before price reaching a new level. From 102 level, we will aim for the previous low.
Advanced Micro Devices (AMD) | Approaching Strong Support Zone!Hi,
2022 first Q results on May 3.
Technical criteria:
1. Strong horizontal price areas
2. Mid-number $50
3. Channel projection
4. AB=CD
5. Fibo retracement
6. Fibo Extension
7. Different timeframe EMA's
8.* 50% from ATH
Do your own research and if it's matching with my TA you are ready to invest.
Regards,
Vaido
AMD more downside?This is the perfect example of Support becoming resistance.
Look at how many times price rejected off previous support now resistance, and every time it forms a new trendline which breaks and set new lows.
This could be a great opportunity to short it towards $80
Keep in mind AMD reports earnings this week ...
$AMD pre-earnings$AMD has been battered and bruised in the past few weeks as the semis led the downtrend. Earnings are this week. A close above the 8EMA (red line on chart) may suggest a trend reversal for the overall market. Until the semis start leading again, expect more sideways to down action. Given the history of $AMD's reports, we expect a beat. Guidance will be key given the supply chain constraints emphasized by several tech companies during their conference calls.
AMD FORCAST- on the weekly chart : the price sees another red week under the majore resistance level
- on the daily chart : a clear selling signal given to us by today candle
- personal opinion : the price will go down again after that 2 past green days due to the big momentum from the sellers
- best move : hold if you got a selling position open or do nothing if you dont
AMD (Advanced Micro Devices) - Bearish Weekly Price DowntrendAMD (Advanced Micro Devices) stock price has been in a weekly downtrend, and is currently seeking a lower-low in the price.
If quarterly financial earnings and news this year are not satisfactory, AMD stock price could test support levels to the downside.
Bearish Price Targets: $85, $75, $65.
Head-and-shoulders chart pattern confirmed, loss of $100 price support level, breakdown of parabolic support curve -- all are bearish technical chart events.
All content is Not financial advice. Trade at your own risk.
AMD: Any chance of reversing? Let's see.Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, we see a strong bear trend, and there’s nothing indicating it’ll reverse. As long as we keep seeing lower highs/lows, we can’t say it is a buy.
However, AMD has a few key points that if broken, it could trigger a reversal. First, we have the 21 ema, working as a resistance for the price. Second, we have the purple trend line, as AMD has been trading below it for nearly a month now. Last, we have the previous resistance at $ 91.35. Only if AMD breaks all these resistances we might say the trend will reverse in the mid-term.
If AMD is about to react, the timing couldn’t be better: We just hit the support from July 2021 today (blue line). We see a bullish candlestick today, which is great, and since we are just at this support, the Risk/Reward ratio favors long trades.
We are far from the 21 ema, and any reaction in the 1h chart could make it retest the ema again. If we see more confirmation signs in the daily chart, we could say AMD will fill the last gaps, and the $ 118.60 would be our target.
The only problem is we have earnings in 6 days. This will increase the volatility, and could help a bullish thesis, sure, but if it backfires, the next support level is at $ 72. For now, I am neutral on AMD, and I see many other stocks that look much more interesting, but if this works out, it could be a great opportunity to trade.
Now is the time to watch it closely. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
US STOCKS should fall especially tech stocksUs markets
I am a 14-year-old demo trader in England don’t take this as finical advise I am still doing my gcses get a guru or professional to tell you what to.
Market preview
Going into this trading week stocks should continue to fall during this bear market and talks of a recession increase as the possibility of the fed being able to perform a soft landing because of their aggressive strategy to combat inflation. The phrase ‘melt up’ was used by CNN to show that stocks may soar before the inventible crash. This could occur because of investors believe that the strong us economy will prevail causing stocks to soar in price creating FOMO and a trend reversal is occurring. But because of basic market fundamentals such as high inflation a slowing economy and high energy costs caused by the Ukrainian Russian war will continue to fuel this bear market. Another reason why this bear market is here to stay is because of an inverted yield curve which Is where short term debt pays out more than long term suggests a bear market is here to stay even though it is an argued point that an inverted yield curve means a recession it does still resemble tough time for markets. Over the next two years, stocks have a high chance of having a melt-up. But Goldman Sachs still believes there is a 35 % chance of a recession.
Stocks and predictions what I think (DYR)
• NVDA (short)
• TWTR(long)
• AAPL(short)
• AMD(short)
• TSLA(neutral)
Us tech stocks have suffered recently with the Nasdaq dropping 4.19% in the last month with stocks such as NVDA dropping 23.87% in the last month and AAPL dropping 4.95% in the last month suggesting a strong bear market for tech stocks which shows us high growth stocks such as NVDA have been deeply affected because of rising interest rates and investor not willing to risk large amounts during this current market turbulence. Going into this week stocks should continue to drop especially high-growth stocks. The semiconductor producer NVDA will be very interesting to see because it is a high growth stock hitting its all-time highest at 329.85 in November 2021. NVDA gained over 121.1% in 2020 when gaming interest spiked during lockdown which is NVDAs main source of revenue. This tells us that even during bear markets the stock can be resilient so it must bear for another reason that it has lost over 33.85% this YTD. there are many reasons of why the stock could have fallen from monetary policy tightening, the fed aggressive strategy to target inflation, and fears of recession. But I believe it is because of soaring energy prices which I mentioned in my last idea. Energy costs can account for 20% to 30% of semiconductor producer’s energy costs. Energy prices have risen more than 250% since January, according to industry group Oil & Gas UK affecting NVDA’s earnings deeply.
TSLA currently is in a very weird position its earnings where though the roof with a 87% rise in revenues which blew the stock up to around the 1070-1080 levels which was last trader around early April. that shows us that the stock has respected the current bear market decreasing 4.9% YTD but has risen 6.48% in the last 3 months so it is a very volatile stock that will be perfect for traders with larger accounts to trade. But I would never open a short on TSLA always seems too dangerous for me its such a good stock any with Elon Musk being able to control the stock just by making tweet always seems bad to me. TSLA does seem to be in a down trend trading below the 200 MA and 50 MA.
Between a rock and a hard place, Elon Musk is trying to perform an LBO on TWTR as the management crew has deployed a poison pill to try to combat the unwanted takeover it could mean if Elon's takeover is rejected it could lead for him to sell his 9% stake in the company causing the stock price to fall. this uncertainty for TWTR could lead other investors into selling the stock. TWTRs competition with TikTok gaining in popularity and with cheaper ad prices with better exposure could mean less demand for TWTR ads which is their main source of revenue which could affect their earnings which is in 4 days’ time. even though the stock does have strong price momentum the company’s fundamental aspects aren’t as strong as its competitors. TWTR has a bullish chart pattern and other technical aspects which should lead to a increase in price .Even though the stock has had a recent rally it should still respect the current bear market in the longer term. over the next 5 trading days, I believe TWTR will rise but still fluctuate between the 55-45 price range even though fundamental aspects disagree. To conclude twitter is a very uncertain stock it all depends on if Elon’s takeover is successful. Elon himself said he’s “not sure” if the bid will be taken by the board. But he apparently has a plan b. if worst comes to worst and he sells his 9.2% stake in TWTR the stock will crumble. But he does seem passionate about making Twitter a private company.
AAPL should continue to fall as on Wednesday the death cross occurred where the 50-day moving average crosses the 200-day moving average as well as the fears of a recession coming which will cut consumer spending which will cause cuts in AAPLs revenues. Which will dampen AAPLs earnings which is in 4 days which is expected to be worse than last quarter which will cause investors to sell decreasing the share price. Technical aspects are giving strong sell signals. MAs are giving off strong sell signals as well as the MACD giving sell signals
To conclude US stocks will continue to fall as fears of a recession is coming with the fed trying to perform a soft landing that has never been done before. An inverted yield curve and rising interest rates and US ten-year bond yields rising all fuel this current bear market where stocks are suffering. Over the next 5 trading days, stocks will continue to fall with a chance of a rally being possible because of people ‘buying the dip’. This is not financial advice don’t be dumb.
$AMD - Weekly outlook (log scale)Potential long term (2+ year) equity play
AMD looks to be in a cycle wave 4, with wave 3 following the path of the pitchfork perfectly since 2018. It is now approaching the 1-STD from the median line, which coincided with the 78.6% retracement of the previous sub-wave 4 to sub-wave 5.
There could be a good opportunity (25 R:R) to go long in the low 80's with a stop around 72. Potential targets of 140, 220 and eventually 325.