Get started

Amdlong

AMD Long on break of $88.50AMD Play: * Enter on expanding volume on a break of $88.50 * Exit at $99.50, look for pullback for re-entry * Full pattern price target: $106.81 * Stop loss 2 ATR at entry, around $84.50 * PnL Ratio: ~2.00 Rational: * Trading within a rectangle pattern for the past 199D 5H * AMD trades with SPY 51% of time, we can see a recent large rectangle break on SPY, and SPY is close to breaking out of its own continuation rectangle pattern. * Last rectangle we saw on AMD was for 104D, ended up far surpassing the 20% price target (+47%). * Black Friday / Cyber Monday may lead to increased profits for AMD, investors may anticipate this and increase interest in AMD * 50D MA has caught up to AMD, allowing it to "catch" AMD if it ends up falling slightly * AMD still trading above 50D MA.
NASDAQ:AMDLong
by OYE12
AMD - buy support zones analysisHello traders, Description of the analysis: Advanced Micro Devices Inc. ( AMD ) support zones ideal for timing long positions (gray). The thickness of the support zone reflects the importance of this zone. AMD is celebrating great success with the new generation of Ryzen chips and is at a height in the competition with INTEL. In recent days, there has been talk of an acquisition with the chip giant XILINX, I don't know if that will be true. The technical analysis reflects interesting buying zones in history based on volume profiles. Be aware of possible increased volatility in the coming period due to pre-election campaigns in the US and elections. Of course, the COVID-19 autumn season may also have an impact due to government action. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NASDAQ:AMDLong
by Jacob_Kovarik
4
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!
NASDAQ:AMD
by UnknownUnicorn2319099
32
AMD Short TERM Trading opportunityHi everyone, as always I am back, for another late night T.A. It gets me pretty excited to think about what is going to happen this month. So many stocks are near very pivotal resistances or supports and it truly is a great time to be alive. Speaking of pivotal points, I hope you all saw that Apple had a HUGE spike up last week, along with my long time favourite, AMD. I have always had an extremely bearish outlook on AMD, as you can tell from my past posts, but I think I am finally becoming an AMD bull, atleast for the time being ;). For now though, check out my T.A as to why I think this. Elliottwave Analysis: The elliottwave analysis for this stock has taken me so long to figure out. I attempted to figure it out yesterday but I was seriously unable too. There is just so many possibilities, and measuring out the ratios seemed so challenging, but I have figured it out. Something that helped me choose my wave count, was that I would always compare the fibonacci ratios, and if the ratios seemed weird at the tops and bottoms of different waves, I would look at a different count. For example, if the wave 3 stopped at a 1.414 extension, I would immediately choose a different count, since that is such an awkward extension for a wave 3. So the wave count right now, is that we are in a larger cycles wave c of the wave 5. We have already finished wave 1, which is easy to see on the 15 minute and are headed up. How far up? Well< I am assuming that we are on our way to the 85-87 price target. This is because, it is a 0.764 extension of the wave a-b of wave 5, but it is also the 0.764 extension of the wave 1-3-4. Because these ratios align so perfectly, I am more incline to think that the wave c will hit somewhere here as opposed to the 0.618 or the 1:1 extension. In addition to this, on the 15 minute I have charted out what I suppose to be the wave count for the wave c of the wave 5, and using the wave 1 provided, I figured that the end of the wave, will hit the 3.618 extension of wave one, which also happens to be the 85 dollar range. Because of this large cluster of fibonacci extensions, I strongly believe that this is where we're headed. And if I am wrong, we will know right away, since I am setting the stop at the prior swing low (75.33). So that concludes the elliott wave analysis Moving average analysis: The moving average analysis is telling me that we are also headed up. On the 15 minute, we have rested along the 55 ema for quite sometime, leading me to think we are going to be leaping off of it soon. On higher time frames, I am a bit weary, since we have no support except for the 13 ema on the 2 hour, which isn't that comforting. RSI Analysis: The Rsi for this chart is really interesting. On the 15 minute we see some very strong bullish divergence and on the 1 hour, we see that the RSI keeps hitting incredibly high levels, but is also seeing a lot higher lows each and every time. This continues up on everytime frame until the daily. We are constantly seeing higher price action and higher rsi highs and lows. This is a really strong sign that we will continue to head upwards. MACD analysis: On the MACD we are seeing that a move upwards is definitely on the way. On the 15 minute, we are hovering just below the zeroline reversal, but the positive ticking rsi leads me to believe it is another leap upwards for this week. On the one hour, it is kinda bearish, since we have seen a bearish cross. Although, on the daily, we are continuing our exponential move upwards, which leads me to believe that we aren't headed down just yet. All in all, it will be an exciting week for AMD. I am expecting that we hit the 85-87$ range which is a 10% return on your trade. In addition to this, the risk is only 2.64% or the 75.33. This is roughly a 4:1 risk to reward which is beautiful. I'll keep you posted as the trading week continues, and let you know if I am exiting the trade early or I am riding this wave even higher. Best of luck trading, and I hope you have a great long weekend.
NASDAQ:AMDLong
by Mika_k