AMD Earnings Trading Idea | 28th of April 2020AMD will announce its corporate results after the bell today.
It's a good idea to sell 5 put options with $ 51 Strike Price and expiration date on 8th of May 2020.
So we have a -10% loss border and if the price is above $ 51 at expiration we will receive Premium $ 400. But if it falls below, we will be able to buy the 500 shares at a lower price as AMD has prospects in the future.
Amdlong
AMD; Stacking Chips and Buying Rips✨ We provide charts every day ✨
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Yo fam, happy Sunday! Our Momentum Mover strategy has slayed it on AMD over time. We got a long exit signal back in March ensuring we locked in gains. The next step is to find a long entry to join back into this epic run.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing an uptrend (Green background color) for AMD on the daily chart.
2. Breakaway Scalper is showing a neutral Grey bar color.
2. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color.
3. We are first and foremost looking for a re-test of S1 or R1.
4. If we head lower, we will be looking for a reaction off of S2.
5. Regardless of what happens, we will only enter long if Fractal Trend AND Breakaway Scalper both give us a long signal. Otherwise we will preserve capital by remaining neutral.
6. We would only consider a short position if Fractal Trend AND Breakaway Scalper both signal a short by both showing Red respectively. The trend would have to change significantly for this, so for the moment the plan only includes looking for long entires on AMD.
AMD: Bullish Cup and Handle Formation 4H (Apr. 23)X FORCE GLOBAL ANALYSIS:
AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout.
Technical Analysis
- We have spotted a traditional reverse head and shoulders pattern on the 4H chart
- This pattern has been supported by a parabolic trend line support
- We have seen a small correction after the formation of the right shoulder, which could be interpreted as the handle pattern
- Despite the correction, the Relative Strength Index (RSI) continues in an uptrend, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) also shows a clear uptrend, with a potential golden cross
What We Believe
Though not stated in this analysis, we believe that AMD is a stock with strong fundamentals, and a lot of bullish potential based on short term technicals as well.
Trade Safe.
$AMD Short UpdateThis is an update to my last post on AMD
I don't see this stock breaking $60, but I'm holding my shares till $57/$58...i think it can inch a little bit higher until its earnings.
Moving forward I'll be looking how this stock moves and how big these candles get. I'm satisfied with what I've accumulated so far, so if i sell a little too late and lose $2 or if I sell to early and l miss out on $2-5 a share, well I can live with that since i bought in at ~ $38, and sell my shares.
This stock along with $NVDA are doing well with lock down orders, and i believe they have gained traction because of these lock-down orders actually. i wouldn't be surprised to see substantial earnings between February to today. But as economic uncertainty looms, more and more people will be tight with their money, and more and more investors will liquidate and take profits. I'll be looking to buy back in at around $30 for their next rally closer to the end of the year depending on how the uncertainties of this global economy reveals itself.
The chart depicts the $60 resistance line that I believe will hold until earnings, and then the general trend line for the stock to follow on it's way down.
What do yo guys think?
$AMD Bullish inverse HnS or Apophenia?Please make sure to like if you find this idea helpful and always do your own DD as this is just my opinion.
For those that saw my AMD idea on January 11th before the market began to crash, I had showed that I expected AMD to get to around $20 with the 2020 market crash. AMD ended up heading to around $59 before it headed down to around $36. The recent recovery in the stock market (and amd SP) have led many TAs ( who could end up being right ) to begin seeing inverse head and shoulder forming and the stock getting ready to breakout.
In my opinion I think the overall stock market is headed down and companies whose earnings are likely to decline (and in survival mode), the last thing on their minds will be to purchase new hardware or decide on refreshing their data centers.
In my charts I believe AMD is in an ABC reversal after the astonishing rise from $1.16 in August of 2015 to $59 in Feb of 2020. Using the FIB of the whole rally (wave 1-5) I now estimate that we could see $22.50.
According to Elliot's wave, ABC has the following characteristics.
1. Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive.
Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume ,
rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets
* We can see that Wave A had increased Volume
2. Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market.
Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern.
The volume during wave B should be lower than in wave A . By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative
* We can see many technical analyst are seeing a head and shoulders reversal pattern, also the volume in wave B is lower that wave A
3. Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched.
Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond
* This Wave is yet to form but doing a fib of Wave A, we find ourselves at around $22.50 (1.618) which is also about .618 of the whole move upwards (from Wave 1 to 5)
So the question I ask, are we in a Bullish inverse HnS or Apophenia? Time will tell.
BULLISH on AMD -- here's whyDespite recent headlines we've seen between the tech sector / supply chains & AMD having security vulnerabilities in their old processors, mind you the coverage has it backwards IMHO & detecting security flaws on older model processors IS NOT negative coverage -- as opposed to what every journalist / financial analyst writing for Benzinga or Bloomberg would have you believe.
Let me put my forex targets in before I get into my explanation:
41.00 STOP
TP1 46.05
TP2 52.62
TP3 59.10
So I'm sticking with my guns ON AMD based on 3 separate yet concrete factors:
1) Fundamentals all seem to point in $bullish mid-long term projection analysis, with BB/KC/VOL/RSI/MACD all pointing towards bullish priceaction
2) Supply chains for AMD / MSFT will not be as detrimental as that of $AAPL as we're lead to believe -- since these tech companies deal moreso in larger/more expensive hardware & software than a trillion iphones being made in sweatshops. Therefore, I am not concerned about supply chain impact.
3) Lastly, the indicator to confirm the fundamentals: a Bulkowski's double bottom as encircled by the yellow on the chart above.
For this reason I'm standing firm on my position for AMD & that's my two cents on this stock...I don't deal with policy advisory work pertaining to WallST nor forex markets -- strictly CRYPTOCURRENCIES therefore there's no need for an extended lengthy disclaimer and so I'll keep it short & sweet:
DISCLAIMER
This is not financial advise. Please conduct your own research & analysis before making any investment decisions, while also investing responsibly & not more than you can afford.
Cheers. Enjoy your evening.
-@a1mTarabichi
AMD fractalAMD one of the first stocks i traded, showing signs of a repeating H&S pattern, i likely return to the purple fib line before right shoulder is established, nice short. It goes against the momentum of the momemtum of the MA on the Monthly chart but i think a H&S squeeze can be fit in. Strong mirror resistance level at the top of the three peaks can be seen.
TECH stocks to hold the marketI believe tech stocks will prop the market up throughout this bearish action that can be seen. They will be the largest gainers during green days for the stock market, holding the market relatively steady in place. AMD can be seen to have formed a nice pullback which opens an opportunity for a long position. This is a great company with strong fundamentals and continuous growth. Included a fractal if price is bullishly rejected at 50MA and follows the strong linear regression trend forming a second wave up to break a large resistance formed. If this breaks it will open up a large trading range. Huge opportunity.
AMD One of the first stocks I tradedA falling wedge has sparked a bull run on AMD, with a PT of 100 I think this is entirely plausible. Bullish MACD, 0.91 Pearsons R value and HUGE volume. Possible short term reversal at mirror level but I’m confident this bull run will continue. Various other chart patterns are present including a bump and run, and a broadening ascending wedge, which may lead to a breakdown in the long term.