AMD: Go long at 117AMD gave us a clear 5-wave impulsive move off the lows, what happens next is very important. This could be an A-B-C with a final low yet to be struck, but the probability of that has decreased dramatically in my opinion. Right now we are topping in the B-wave. Expect the C-Wave to bring us to the 117-110 level. I will be initiating a long position at 117. Price target for this swing trade is 200+. Nice R/R setup.
AMD
AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class.
To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign.
Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues:
In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100).
Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart:
In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name.
The volume was great, probably among the top 10 highest volumes in the history of AMD.
It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141.
If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through.
I still hold strong to a bear market based on countless economic issues from:
Inflation
Poor Retail
Pending Home Sales Decline
Tapering Ending in Feb
Balance Sheet Reduction
Raising Rates
0.1% Q1 GDP estimate by Atl Fed.
When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!
Advanced Micro Devices Analysis 06.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
GBPUSD LONG IDEA next week and long termAnalysis for day and swing trading.
GBPUSD is showing strength against the dollar on a daily perspective diverging from EU(correlated pair)
Then we take apart current supply and demand and based on monday price action will get in to an amazing long snipe.
LFG....
What indicators say about AMDNASDAQ:AMD
After a major low was revealed in RSI indicator at the 27th of january. we can say that this seems to be a point of reversal. but the option is below it's 50 ma and is still somewhat in bear hands until the trend is established.
This RSI pattern is seen all over this stock history.
This is not an investment advice of any form.
What indicators say about AMDNASDAQ:AMD
After major low was revealed in RSI 14 indicator at the 27th of january. we can say that this seems to have been a major low and the point of reversal. but the option is still below it's 50 ma and will show the bearish fluctuations until the trend is established.
AMD chart UPDATE Here's my current chart for AMD.
I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom??
I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime.
My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride!
**Note, I have not looked at any fundamentals yet.
GBPAUDClassic AMD Trade / Asian - London - NY
Old High Taken (Last Years High)
We Have A ACCUMULATION (A) BOX, Which Is Also Our Asian Boc
We Had Price Selling A Bit Forming Our MANIPULATION (M) / London Open Rally
Whilst Forming A MANIPULATION, It Filled The Liquidity Void
Filled In The Bearish Order Block
Formed HTF Divergence
PD Arrays Checklist
Old High Taken ✔️
Imbalance ✔️
Bearish Orderblock ✔️
Breaker Block (In Progress
Mitigation Block (In Progress)
Type Of Trade
Reversal AMD Trade
Discount PD Arrays Active
Divergence Reversal
ID50 London
Turtle Soup Short (TSS)
My Expectation
Price To Start The Distribute Downwards(NYO/ NFP)
Price To Mitigate On The Order Block
Price To Fill The Liquidity Void Below
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AMD: Still looking for a bottomAMD had a strong 4th wave bounce after it's stellar earnings report. However, the stock turned downwards at a key resistance level. It appears that AMD is forming an expanding diagonal as the C-Wave of this A-B-C pullback. My ideal target is the 2.0 extension, which is $90, before we resume the broader uptrend.
How I Analyze the Market in 20 minutes.Because every time someone asks me what I think a coin will do requires more than a simple answer to properly explain my idea and my thinking.
This video took 20 minutes and I think I spoke quite fast to get enough information in here. My streams can be seen to get a better understanding.
I try to stream every weekday morning at 9:30 and every 1:30 (4HR change on stock market)
Check the related ideas below for "The right Schiff Pitchfork" if you want to take the Schiff pitchfork I use. It is a short 3 minute video where I set it up and shows the places, values and all that.
The S Pitchfork one from last year has the values that I used for this year.
CADCHFClassic AMD Trade With Multi-Confluence
We Have A ACCUMULATION ( A) BOX
We Had Price Selling A Bit Forming Our MANIPULATION ( M)
Whilst Forming A MANIPULATION, It Filled The Small Liquidity Void
Filled In The Bullish Order Block
Formed Divergence
PD Arrays Checklist
Old Low ✔️
Imbalance ✔️
Bullish Orderblock ✔️
Breaker Block ✔️
Mitigation Block (In Progress)
Type Of Trade
Reversal AMD Trade
Discount PD Arrays Active
Divergence Reversal
Fake H&S Pattern
Trendline Phantom
My Expectation
Price To Start The Distribute Upwards
Price To Mitigate On The Order Block
Price To Fill The Small Liquidity Void And Retrace Downwards
Price To Take Out Lows And See Bearish PD Arrays Active
AMDLooks like an opportune time to sell AMD puts 100 area as it is near its lows, as it seems relatively unlikely to lose the psychologically significant 100 level on a technical basis. Worst case scenario to downside is 105 gap fill whereas upside has gaps at 118, 144, and untested 145 yearly open liquidity. Liking the risk/reward..
AMD GAMEPLAN - JANUARY 31-FEBRUARY 4This AMD plan shows possible trade ideas for longs and shorts.
-Currently, AMD has had a double bottom of sorts, and passed the previous swing high with ease.
-The price still falls below the Anchored VWAPs and below the highest volume by price range (112)
-Strongest buying pressure in recent times
-Passed above the 50EMA with ease
-MACD looks strong on 1hr
Also hit a strong Fib support off of 99.00
AMD oversold at January 2021 level | Buy areaAMD recently touched the January 2021 high and it`s oversold while the earning are growing.
This dip looks like a great buy opportunity in my opinion.
The buy area is between $95 to $105
The short term upside is $118
Looking forward to read your opinion about it!