$AAPL $AMD $SPY $QQQ I OptionsSwing WatchlistAAPL 1W I Last week we got a new low on AAPL. It is barely holding the uptrend on the monthly chart. Bearish below $150, bullish as long as the uptrend is held.
AMD 1M I AMD is attempting to reclaim $100. The semiconductor industry is in a bear market, and unless AMD breaks from the downtrend we'll see more downside.
QQQ 1D I QQQ managed to print a new low last week and closed down below $320. Below $315 QQQ looks bearish above it looks bullish. Overall the trend remains bearish.
SPY 1D I We are seeing a double bottom on SPY near $405. Above $415 SPY looks bullish, below it looks bearish. Overall trend remains bearish.
AMD
Short $AMD CMP $104.05Short $AMD CMP $104.05. This one tried to bounce off of 200 SMA but failed. Today's big red candle is very big bearish sign that it will continue the downtrend. 20 and 50 SMA are nose diving on this one. It may hold $100 area but I am more inclined towards $90-$95 area support levels are more appropriate levels.
Short Target 1 is $100 area. Short Target 2 is $90-$95 area.
5/4/22 AMD Advanced Micro Devices ( NASDAQ:AMD )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 161.076B
Current Price: $99.42
Breakout price: $100.00
Buy Zone (Top/Bottom Range): $97.85-$84.75
Price Target: $113.80-$117.60 (1st), $138.30-$141.40 (2nd)
Estimated Duration to Target: 20-21d (1st), 38-40d (2nd)
Contract of Interest: $AMD 5/20/22 100c, $AMD 6/17/22 110c
Trade price as of publish date: $4.41/contract, $3.45/contract
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 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