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.
Amdforecast
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!
AMD Daily TimeframeSNIPER STRATEGY
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Setup for this weekAMD has broken down back into the broader range and is showing relative weakness. If we can get above Fridays close we could see a move back toward the high end of the range and a breakout but if the near term resistance holds we will see a move down. Earnings will definitely be a factor but are still a couple of weeks out.
I'm Looking For a Short On AMD Around $90I have kept my eye on lookout for a spot to short AMD.
Price has been playing this rising wedge perfectly.
We were looking to short it not too long ago if it would of broke through the support.
Instead it surged to return to the top of the wedges resistance.
We are now approaching the $90 level. I am interested in taking a short position their based off the pattern recognition. This will be an aggressive play. If were to break the top of resistance I will look to exit. First we need to see if we will get to $90. I stand firm on that price target.
Best of luck!
🚨🚨🚨 This One Is a MUST LOOK NOW!!! (AMD)💰 LET'S GET INTO SOME ADVANCED MICRO DEVICES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
AMD looks to be a massive rising wedge from back in 2015 lows. Notice how every major structural support and resistance now now funneled into this tight range at the very top of price consolidation. It even seems to represent 5 major waves of structure which could validate an Elliott wave pattern. I'm not the biggest fan of Elliott wave theory as I think it can be misleading, but this is a good representation of wave structure that made the pattern overall. This looks insane! I would not be surprised if once broke down it collapses. Based off o just the S&R and structure I see a major play coming. Be ready for this one! If I'm wrong I will be in shock lol.
Best of luck to you and all of your trades this week! 🤜
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🥇MLT | MAJOR LEAGUE TRADER
ADVANCED MICRO DEVICES INC (AMD) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
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