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AMD at the most important support level of past trading year..!AMD reached 100 10 times since September 2021 and every time bounced back! AMD made a flat bottom triangle between Aug-Sep 2021 and continued another bullish rally: However, there is a big difference between a triangle after a Bullish rally and a bearish rally: Moreover, it could be considered a very wide Head & Shoulder pattern(not a classic one): Possible Simulation: Conclusion: AMD could retest the 125 once again and experience a drop to 72, the simulation pattern! Do not short it here..! Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:AMDShort
by Moshkelgosha
8
AMD Aimed Higher? Advanced Micro Devices Short Term - We look to Buy at 101.31 (stop at 96.59) We look to buy dips. 100.00 continues to hold back the bears. Trading close to the psychological 100.00 level. We expect a move higher in a corrective sequence, targeting Fibonacci retracement levels. Our profit targets will be 114.62 and 123.06 Resistance: 120.00 / 145.00 / 155.00 Support: 100.00 / 84.00 / 72.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMDLong
by Saxo
1
AMD Expressing Tech Weakness?As anyone with any tech knowledge knows, chips arent going anywhere. They are the future and they are here to stay. But at the moment AMD is showing us something very interesting, which is it is starting to break 4-year long market structure. As you can see price has respected this channel 6 times as I've marked on the chart. 5 out of 6 of those touches brought strong volume and strong price action. On this last touch, there was a nice bounce initially with good volume but the price quickly reversed and has since been moving further from the trendline under the 200MA. The FED policy is going to be the biggest factor going forward. How they plan to combat inflation and how much they actually want to follow through with what they say. Right now tech is in a situation where it must start gaining momentum soon or trouble could already be at our doorstep. Only time will tell!
NASDAQ:AMD
by NoOneWhoIsSomeone
5
AMD Bullish Short Term - SemiconductorsIn my last posts on AMD and video we were bearish on the stock calling for a much lower downward target; however, we want to take advantage or short term changes when opportunities present themselves. Therefore, you can have both bullish and bearish sentiments and outlooks -- trade what the markets give you. Market Reversal Mid-day; Bear Markets still present. Today is setting up for a key reversal day after that last push into the mid day. This doesn’t mean the bear market reversal is in but it is potential short term importance. I went long AMD around 3:45 before the close. I provide some insight into that reasoning in my video below and on #FB
NASDAQ:AMDLong
by bsdvs23
AMD: This is the most important support level!Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, it is very bearish, and we don’t see any bullish sign on it yet. We are doing lower highs/lows, and we are trading under the 21 ema. The most important resistance in the short-term is the $ 106 area, as it was the previous support level, and it is where the 21 ema is trading right now. If AMD wants to turn bullish again, this is the first resistance to break. In the daily chart we don’t see any bullish candlestick/chart pattern as well, however, it is close to the support level at $ 99, which is a quite important one. If we look at the weekly chart, we can see it better. The $ 99 area was a top level in January 2021, and it worked as a support level multiple times since then. It won’t be easy for AMD to lose this level. The volume is increasing, which is interesting, and any bullish reaction could be an excuse to buy, as the R/R ratio makes a lot of sense. If it triggers a bullish sign, the gap at $ 118 (1h and D charts) would be our next target. Let’s pay attention to this support level! I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1
AMD is in a neutral to bearish positionAMD is in an area where it has the capability to experience a minor upswing; however, that is based on the overall market conditions and the beatdown #SOX Semiconductor index. Both #NVDA and #AVGO had the largest pullbacks today (of those that I watch in this sector). The Semiconductor Index is well below the 200 day and 50 day moving averages, which is never a good sign, and today we see the NASDAQ-100 gap down to its 50-day area. Market conditions are not idea and personally I think the march lows will be tested soon -- that is not to say we won't have any upward impulse moves for day trading opportunities. Overall, my sentiment is neutral to bearish on #AMD based on the current complexion of the overall markets, the semiconductor index, and technical conditions.
NASDAQ:AMDShort
by bsdvs23
AMD: Is it a buy right now? Let's see what the charts say.Hello traders and investors! Let’s see how AMD is looking today! First, in the 1h chart, it is doing a good bullish reaction. It seems we have a Rounded-Bottom after a massive sell-off, and this indicates that the bears are starting to get exhausted, and it is trading at discounted levels. To me, AMD could hit the $ 124 again, however, I’ll set a target at $ 118.60 (the gap area, as evidenced by the yellow square), if it breaks the $ 110.57, and trades above it for a while, consolidating a reversal. Trading above the $ 110 would be interesting because the market may see the last bullish leg just as a retest of the 21 ema to drop more again, aka Dead Cat Bounce. What’s more, by breaking the $ 110 it has decent chances of breaking the 21 ema as well. In the daily chart, we see that AMD is dancing around the 61.8% Fibonacci’s Retracement, and if it closes above it in the next few days, I’ll see it as a sign of strength. The 61.8% retracement is at $ 110 as well, reinforcing our thesis that this is the most important price level to break. We can see the Gap in the daily chart too, and this is why I think it is a relevant target to work with. I’ll keep you guys updated on AMD, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
3
$AMD Key Levels, Analysis, & Targets $AMD Key Levels, Analysis, & Targets So for this swing I’m looking at 102.30 for entry But I’m also thinking that target 2 could hit so as soon as target 1 fills I’m setting a buy order at target 2. In either case I’m looking for a 30% swing. So if target 1 fills, set your sell order 30% higher (133.38) If it sells off and target 2 fills set your sell order for 30% above your average… Same for target 3… ------ --- 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…
NASDAQ:AMDShort
by SPYder_QQQueen_Trading
3
AMD - Fakeout Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right. first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame I didn't foresee it...or saw it but didn't digest it. A lot of commentary was made on twitter how this was going beyond 130, I made no such claim. Levels below are clear, if it can hold 101 and base above, longs have control, below, 95 and 84
NASDAQ:AMDShort
by CheelooTrader
AMD pullback could offer opportunity.AMD gapped down to start the trading day on Thursday and continued to slide intraday. The stock has now come close to testing the descending trendline, which is currently near the $109 level as support. If AMD bounces up from the trendline, it will further confirm that algorithms have recognized the pattern and a larger move to the upside could come. Traders and investors who are looking to enter into a position can watch for AMD to wick up from the trendline on Thursday and form a bullish hammer candlestick, which could indicate higher prices will come on Friday. If the stock closes the trading day near its low-of-day, it will print a bearish kicker candlestick pattern, which could indicate lower prices are on the horizon. Traders can then watch for AMD to test the descending trendline again on Friday and form a doji candlestick above the level, which could indicate higher prices will come on Monday. If AMD falls through the descending trendline, the break of the pattern will be negated and traders who are in a position could place their stop at the level. There is a gap above on AMD’s chart between $116.31 and $118.59. Gaps on charts fill about 90% of the time, which makes it likely AMD will rise up to fill the empty trading range in the future. AMD has resistance above at $112.61 and $118.13 and support below at $106.99 and the psychologically important $100 level. Bullish traders can watch for a stock to break up from the descending trendline and, if the break happens on high volume, can indicate the downtrend is over and a rally may be on the horizon. It's possible the stock may fall down to back-test the descending trendline as support before heading higher again. For bearish traders “the trend is your friend” (until it’s not) and a touch and rejection of the descending trendline can offer a good short entry. A bearish trader would stop out of this type of trade if the stock broke above the trendline.
NASDAQ:AMD
by AxiomEx
AMD: Buy Zone is 112-115AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level. However, after AMD reaches that level, it should go to about 140, then back down to today's levels, so there will be plenty of opportunity to add to your position over the coming 2 weeks or so. Ultimately, I believe this stock will reach $300+ by the end of the year, and it is my top chart for 2021.
NASDAQ:AMDShort
by TomDaSpankEngine
2