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AMD

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