$AMDOn Sept. 30 AMD announced that Google Cloud is expanding its use of AMD's EPYC processors.
Google Cloud previously offered developers the ability to use virtual machines powered by AMD's second-generation server processors. It will now be offering virtual machines powered by AMD's third-generation processor, which provides an improvement in price per performance.
AMD's stock price closed 2.5% up after the company announced an expansion of its current collaboration with Alphabet's Google Cloud.
If you’ve been holding AMD for a little while you know it’s been a struggle.
It took just about a year for price to break above it’s previous $100 resistance level and finally we’re trading above it.
Advanced Micro Devices is coming towards the end of it’s symmetrical triangle on the daily chart so this might be something you want to keep your eyes on.
You have heavy support at $100.
MACD ready to turnover.
RSI flat.
Moving averages all in the right places.
Wait for the break!
Keep this on your watchlist.
- Factor Four
Amdlong
$AMD - Bullish Trade Set UpAMD made an incredible run through the $100 resistance shortly after it's earnings report this past July. Currently it's setting up an inverse head and shoulders, provided semis/tech as a whole can maintain it's bullish momentum despite September seasonality, we could see another push to the $118-120 range. Attached is some flow from Friday prior to close that seems to have the same thought process.
Upside Targets: 115, 116.30, 118.40
Warwick Gorman
OptionsSwing Analyst
Do You Feel Lucky Punk?Never rely on luck.
It will fail you again and again.
Commit to a process, totally and completely.
If the process does NOT work you will know after 20 or so trades.
And guess what you need to do then?
STOP.
Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent.
Do you know how I found my supply and demand strat?
I tested every type of supply and demand system out there, tried some of my own, ran the process and eventually found the ONE SIMPLE technique that works.
This isn't rocket science but you do need to be analytical and follow a process for at least 20 trades.
Don't continually ask yourself "Do I feel lucky?".
Instead follow what actually works.
The Process.
AMD- Bullish MomentumChart posted 7-26-2021 approx 12:07pm ET. AMD has shown excellent pattern buildup.. the MACRO here is a shark pattern that developed a bearish shark- both of these are extremely bullish esp. when the bearish plays out off the bullish pattern. Expect high rises and sharp dips, but ultimate profit target around 105-108.00. Highly recommended to set a good stop on this- not to thin and not too deep. ATR may help with this. I entered at 92.00 on this trade. Stop is around 89.60
AMD Wedge breakoutGet out your brown pants ladies and gentleman, this breakout if confirmed will likely make #AMD attempt all time highs within the next month or so, in the short term I am going light and will pyramid in if it shows more promise, add it to your watchlists or go light for now, will update trade when I am certain. something something not financial advice something something
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)