AMD breakdown with potential supportsWe can see AMD had a breakdown of the rising wedge and re-tested the demand line, flipping it in a resistance. Would like the 1.618 Fib support to hold for the Weekly Hidden Bullish Divergence to form.
AMD
TSM - 5th leg down, 3 drive pattern SHORT CITYIt is in my humble opinion TSM is looking at a rather large drop looming ahead - symmetrically the pattern meets the harmonic qualifications as well as the elliot wave theory macro wave iterations.
It is possible TSM will make a small shoulder before breaking the $100 price level - should it break this level and close below I believe it will be a swift fall to the $85 level, however if it wasn't "quick" the position I hold does allow for some time.
Trade: 6/17 exp $85 PUTS @ 1.17 on 4/1 - currently trading at 1.62 at time of post
AMDNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
SPX Daily CloudSPX daily bouncing on a massive cloud. This is an absolute must hold for the market...
AMD FIB PATTERN W/CURVE HOLD LINEHope this helps with basic analysis. I believe that AMD is in a bearish pattern AS OF NOW. Now I believe that AMD might bounce back after it reaches the key 84.86 retracement.
$AMD - Upward trend NOW - Hiekin AshiHi All.
Upward trend is now breaking for the $AMD stock, it is OVERSOLD and a green DOJI appeared.
1. Using the Heikin Ashi candles we can see a green 'doji' appear yesterday, which was then followed by a flat bottom green candle today. THIS INDICATES A BULLISH TREND HAS STARTED.
2. On the RSI, this stock is now OVERSOLD. As shown by the circles, the last time this stock was OVERSOLD it was followed by a BULLISH move.
Buy @ 95.59
Sell @ 112
Stop Loss @ 91.69
Disclaimer
When using the Hiekin Ashi candles to swing trade like I do, hold the stock for 7-14 days or until the bullish green candles stop.
DO NOT LOOK AT THE DAILY PERCENTAGE CHANGES AS THIS WILL DISCOURAGE YOU.
If the Hiekin Ashi chart still shows green candles for your move, hold onto the stock.
AMD: Is it the time to BUY the DIP? Let's see...Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, AMD is in a clear bear trend, but there’s hope it could reverse soon. For the first time since it was trading at $ 125, it is actually breaking the 21 ema, and we do have the beginning of a bullish structure.
The black line at $ 98.38 is the most important resistance for us, as if AMD breaks this point, it might trigger a Rounded Bottom chart pattern. By triggering this pattern, the next targets on AMD will be our gaps (yellow squares). The $ 106 seems to be a strong resistance, but the optimal target would be the $ 118 (last gap).
In the daily chart, we see that AMD is trading at support levels, and any reaction here would be amazing, as the Risk/Reward ratio always favors the bulls when we are near support levels.
What’s more, AMD is far from its 21 ema, so it has some upside potential if it reacts. The only thing that could make AMD turn barish again would be if it loses the $ 92 area, so we must keep our eyes open. We have some possible bullish structures that could justify buying the dip, but to me, we must wait for more confirmation.
It is a delicate situation, but if we pay attention to these key points, we’ll be fine. I’ll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses!
Back in the boxAMD just pullback to a major FIB retracement level. IMHO, it is going to consolidate and stay within a range for awhile.
Bias more on downside16 April 2022
Price is supported by 100days MA (weekly Chart)
However since AMD break below $100 round figure, next support at $85/$72.
Semiconductors PullbackAMD Daily Double Bolligerband Algorithm switching to a Sell-Short as the Semiconductors continue to show weakness over the past couple of weeks. This pull back has broke below a triple bottom. The next gap below is down at $78. I do not believe this will fill unless the S&P 500 futures fills the gap at 4000
Semis and Growth Stocks Leadership Up and Down - Look at AMDFor the past week we’ve been saying how the Semiconductors #SOX and NASDAQ-100 #NDX continued to not only trend in the same direction but their expansion between each other was evident of liquidation pressures continuing. These were even more evident as the 50 day moving average and 200 day moving average became dominant components of resistance. Nothing good comes of a stock when it’s unable to maintain the 50 day moving average!
The good news is the major indexes have not finally contracted into that 14,000 range on the #NDX that we’ve been touting on the Futures Market for about 2 weeks now.
Insert the chart here
It started to look as-if the low from April 12th was going to be a potential area for a leg up; however, it’s appearing a lower low could transform this upcoming week. As for right now, the mentioned recent low is holding the line by pennies. If the area breaks we will need to continue monitoring price action until a lower low is established, defended, and confirmed for the next leg upwards.
When we look at #AMD we can see the chart filled with continuous downward gaps and heading to the Demand Zone between 92-89, as pointed out in other postings and videos.
The Economics Thesis is surrounding the shortages of chips, which are in everything these days, thus a contributing factor into the price action throughout 2022. The stock has fallen about 43.50% (~ $72). As much as the news and “what is happening in this space” drives uncertainty and speculation on what's to come - I’m focused on my areas on the charts and within the technical analysis space. News and headlines (noise) is an ambiguous element into the world of trading and psychology. It turns the processors of emotional thinking, which cause tendencies to overthink and act with impulsive behaviors.
In any sense, there could be a turning point at the levels mentioned above. That is not to say we establish “thee low”, but it could generate some relief in attempts to close some upward gaps towards the recent highs of 125.67.
If all else fails, the next levels to watch are 792.0 and 72-80.
AMDa burst down with a gap
decent level that might cause a reverse
best move : wait for a confirmation green candle and go in as a buyer
AMD idea #1AMD currently trading below multi-month support. If it can get back and hold above 100, could test the top of regression channel.
AMD at $100Advanced Micro Devices
Short Term - We look to Sell at 102.78 (stop at 111.05)
Preferred trade is to sell into rallies. Previous support at 100.00 now becomes resistance. 20 1day EMA is at 107.00. Short term oscillators have turned negative. Trading close to the psychological 100.00 level.
Our profit targets will be 74.92 and 69.10
Resistance: 100.00 / 125.00 / 155.00
Support: 80.00 / 73.00 / 60.00
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AMD - Long PositionAMD Rallies Support from Reddit Traders
AMD's diehard supporters are sticking with the semiconductor company even as its stock price struggles. Once again the battle lines are being drawn. On one side, we have the traditional Wall Street investment community. On the other, we have the social media crowd who rally around a stock they think is being treated unfairly by old school types.
AMD Tested 38 Year ResistanceSo the question on everyone's mind is, what now? Well, the answer isn't always so simple.
This is a High Time Frame so it takes a long while for things to set into motion. All we can do here is gauge exactly how far this cycle is extended and how far AMD has come.
By any measure from this chart, to say we aren't approaching the end of this cycle would be pretty absurd at this point.
RSI showing Bearish Divergence on HTFs, paired with testing 38-year resistance.
Can it have a bounce and ride another small wave up? Sure, markets can stay irrational. But simply put, it can only run on for so long.
Here is a Lower Time Frame representing the Parabola it has been respecting for almost 4 years now. This breakdown clearly shows weakness as we are heading into the later stage of this cycle. A break of roughly 4-year market structure shouldn't be understated.
A different perspective measuring each wave up and down since 1975. Notice how similar each and every correction is (between 91-96%).
This post is just meant to show some perspective of how far we actually have pumped this cycle; if there was ever any question. Seems like most still are expected huge incredible rallies, and Im not sure to what extent we get that.
For further confirmation, here is my previous post on USOIL/SPX. (Very in-depth and informative analysis)
Hope this helps!
AMD Trade Plan Ahead of 4/26 Earnings$AMD trade plan, we may see it test anywhere from 92 to 87 but it reports earnings on 4/26 which I have a hard time believing at it's valuation it would not get bought up into earnings. Thus, I am loading the $110 strike 4/29 calls that capture earnings. Gluck!
S&P 500 (SPY) LongIt looks like this correction is about over! Many people running away from this market that is when I love to load up and buy more. We have been in this situation with Wave 2, its all apart of Elliott Wave! This 4th wave has retraced deeper due to it being a diagonal. I am looking for a strong reversal tomorrow. I am wanting to see $470 on the SPY.
USDCAD Manipulation sell this morning to buy.Beautiful morning trade, missed trade and big picture all explained in here.
LETS RIDE....
AMD bull put spreadGood premium. 2 1/2 weeks. Let's see if THETA helps us OR if any bulls come into AMD to cause this bad boy to bounce. Protection level will happen with a close below the 100 SMA.
Advanced Micro Devices (NASDAQ: $AMD) Nearing 100-Day MA! 💻Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands. It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.
SPY LongStill looking for all time highs, this correction has been brutal but everything is cheapppppp. We have hit the next level for wave 4 correction is that is the .5 level. We are oversold and when this market turns its going be to very strong.
