Amdlong
ADVANCED MICRO DEVICES INC /AMD/ NASDAQ - Still HoldingGo Long for AMD ; Still holding.
Double Top - 15/12/20 & 11/01/21
New Higher High - 28/04/21
Daily Time Frame:
1. MACD Lines Entering Bottom
2. MACD Histogram Bear Losing Power
3. Pullback & Failed
4. All-Time High
5. Impulse System Green or Hollow
6. Price back to Blue Line/ Value Line (Entry Price)
AMD Wolf Wave pattern 1HR NASDAQ:AMD
AMD formed a 5th wolf wave pattern looking to launch and possible target is that green trendline. It's going to be a little hard to trade AMD going into earnings since we're sitting on top of a gap from a couple days ago. Best way to play it is to wait until gap fill and make an entry after or have a starter position and average down if it decides to fill that gap. AMD has been a lagger in the semi conductor and I'm bullish on them going into ER. I would suggest getting 5/21 expiration for option. They have very well priced option chain.
Golden Cross, MA 50 & MA200 closing in on each other, in AMD?AMD has been in a phase of consolidation for some time, the stock has been trending upwards in recent time and is close to reaching a point where the MA 50 cuts the MA 200 lines on the 1 year graph. The response that we've received from board representatives is positive even though the company is being affected by the semi-conductor shortage, indicators are however pointing towards this mainly affecting the end-consumer and not the company. Since AMD has been able to increase the share of production which the company will receive from semi-conductor producers it's likely that the company will be able to take more market share from competitors like Nvidia and Intel. Overall this boads well for the company and its coming performance.
Notice also that long supports have held up and that this consolidation period came after a quite strong bullrun. Some of the shorter resistances also seem to get questioned and might in the short term start acting as supports.
Due to these fundamental and technical indicators I'm bullish towards AMD and I hold it to be true that the performance of the stock the coming months will be positive. The thing that might, however, make this idea void is if the company hasn't been able to handle the semi-conductor shortage well. The CEO and President of the company, Lisa Su, has however been indicating that the current situation is very positive for AMD which makes these worries seem less worriesome.
A great company which could survive all weatherThe market turmoil in Feb has eroded a lot people's bank roll, so as to the market cap of tech companies in general, some are extremely good ones.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.
Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
$AMD Return to the mean, 20-40% profit over the next quarter.Pretty simple trade setup here, expecting us to return to the middle of this channel quicker than previously, in as little as 20 days, as long at 50 days. Price target $100-$110.
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
AMD LongAMD looks like it wants to make a big move upwards.
All of the Ichimoku indicates bullish continuation:
-Price is above the Kumo Cloud
-Kumo Cloud is green
-Tenkan is above the Kijun
-Bullish TK is above the green Kumo Cloud
-Lagging span is above the price
An Ascending Triangle has been formed:
Price has been consolidating under the Triangle's
horizontal resistance since early December around
$94.35
Once the horizontal resistance is broken we should
expect a retest of it or of previous all time highs at
$99.23
The target for the Ascending Triangle is
$140.25
with a possibility of further extension to the upper
diagonal resistance formed over 20 years ago around
$170
$AMD Successful bounce off $92 volume shelf - $100 soon?AMD is a great company, with one of the most frustrating stocks i've ever traded. If you're looking for a chance to trade AMD 100, things are looking up.
Recent earnings test of $100
Fueling up on the $92 volume shelf for a push upwards
Demand driven shortages in the chip industry
Uptrend above the 21 day EMA
AMD - LongLooks like AMD is ready to make a move. 8/21 cross on the 130minute
65 minute looks ready to squeeze up a bit
91.20 (ish) is confirmation of breakout on our falling wedge.
Targets in chart.
Failure to breakout out of wedge, means pullback back to that 85 area
No entry yet, waiting on confirmation then i'll look at some verticals
#flextradinggroup
AMD LONGLooking at this chart you can see AMD bounced off the bottom of this giant upward channel that has been forming since last March and touched the 88 resistance line only to be rejected. AMD seems to be deciding which way to go.. Volume is decreasing. MFI is oversold on the 3 hour. My bet is the direction of the arrows. Taking into account that broader market conditions remain bullish. Let me know what you guys think