Amdlong
$AMD Bull Trend Still In TactWhile $AMD has fallen with the $SPY, its bull trend is still in tact as long as $28 holds.
For those looking to make a trade, this is a good risk/reward setup.
We expect the market to calm down and resume its uptrend.
As always, use protective stops and trade with caution.
Good luck to all!
Priceline of ADVANCED MICRO DEVICES INC A good short opportunityPriceline of ADVANCED MICRO DEVICES INC has crossed up the consolidation level of $33.37.
Now the RSI and MACD are turning bearish.
The price action can touch the last consolidation level again and test it as a support at $33.37 and then it will move up as we have strong support of moving averages beneath the price action
Regards,
Atif Akbar (moon333)
AMD to stay above 25 to 26 dollars.. Bullish on AMD 32.50AMD is continuing to drop a little along with the market. It's not dropping as much as it could which is good.
Support is strong at around the 27 dollar range, along with bullish developments on RSI and MACD on the longer time frames.
Would like to see this make it's way back up after a possible higher low is created.Would like to see some consolidation at around 30 bucks, and then continue higher possibly 32.50.
AMD
Good Morning,
The markets took me by storm yesterday and I was not expecting it to react as it did to the rate cuts. Nonetheless, the following weeks will bring volatility back to the market which is great for option traders.
I did a quick and dirty of of AMD and decided to hedge my position to the downside. I should have done this yesterday but I didn't move quick enough. Looking at the fib levels, we can see a nice 5% gap from where we are now to the the next retracement. I am doing a short put option to try and capture this downside and re-coup some of my losses.
In addition, I noticed that since December 2018 it is not uncommon for AMD to deviate out of the channel by 8% before finding its way back to the technical levels. So keep and eye on this, but also be cognizant that we could see another October 2018. Happy trading.
Yours in Mastery,
Khalil
AMD Long Position (Naked Call)Good Morning Friends,
It has been about 2.5 weeks since I last published on AMD. Yesterday it Reported earnings meeting analyst expectations. The price has now dropped to sit right on our lower trend line . My speculative assumption is still very bullish. You should be able to pick up some very nicely price slightly OTM call options on AMD today. This is due to the volatility crush. I would not recommend buying any weekly options since they tend to be more of a YOLO play rather than a strategy. Hope this helps! Happy Trading.
Yours in Mastery,
Khalil
AMD Long Position (Naked Call)
AMD can offer a tremendous profit opportunity on the daily chart if you are patient and enter at the right time. The strategy I am using on it is buying long on any pull backs to its Fibonacci levels. These opportunities can offer 30%+ in price appreciation over a 60 day period in its current channel up from December 2018.
- AMD is currently in a nice channel up pattern and has been respecting this since about December 2018
- At market close 7-Day VWAP is trading about the 30-Day VWAP which is a positive sign of price appreciations
- Price is also trading above the 21-Day EMA which can indicate the stock is in an uptrend
- We can also see how price respect the retracement level and we just bounced of the upper trend line of the channel
- We can see a potential negative divergence on the MFI which could indicate we will go back and test the previous Fibonacci and lower trend line of the channel
- I will be looking for this scenario to play out in the next couple weeks or so.
- I will post any updates as they develop
Yours in Mastery,
Khalil
AMD Still Bullish up to $35 for nowWhat’s happening to AMD?
This morning AMD is trading lower however, we still see price is continuing to calmly following the up trend that would lead it to 35 dollars, however at the time there is bearish divergence on the 4 hour chart. Would expect more of a pullback any where from 32.60 down to 32.00 before continuing for more up side. We need a new high above 34.20 for a breakout.
The market itself is looking a little dangerous at these levels so things can always turn around for AMD as the down to 31.20’s perhaps.. Nothing below 30.50 and this would still be in an uptrend.
Still Bullish on this swing from $28 to around $35 dollars for now.
AMD is STILL bullish. Could see 30.50 today We can see that AMD respects the 32 dollar mark as there is a good amount of resistance here. Things are still bullish for AMD even though price is down this morning. It is being influenced by the market. Our idea of the market today is FLAT. If the market has a down day we could see slightly lower prices today for AMD.
Downside On the 4 hour chart, our Kijun Sen (26 period) line has a nice gap away from the Tenken Sen (9 period) which is sitting at 30.50.
Upside : 32.06 .. This chart looks almost identical to SPY. A breakdown candle leads to 32.06. Anything above this is bullish.
AMD bullish descending wedge up to $35AMD hopefully to see 35 Bucks
NASDAQ:AMD
You can see on the chart that price made a downward wedge pattern which shows that the momentum is less interested in the current trend and is thinking about changing it's behavior. Price then bounced at support and broke above the the bearish wedge.
Then there is bullish divergence on RSI for the most recent two lows on the 4 hour chart.
Upside: Eventually AMD should reach 35.00. On this run up. Over the next week or two.
Downside: If all heck breaks loose for some reason, AMD can break down below the 200 and we could see as low as 27.50 before we see a turn around back to the upside.
LONG Options Trading: AMD Buy Call $32 Exp: 7/19Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches expiry. This should correlate nicely with the Fib Expansion lvl .618. If you have any questions, please feel free to comment below and follow. Thank you and trade safe.
Reasons For Trade:
• Continuation of the 4th leg for A B
• Support on Upward channel (1D chart Nov 17st - Current)
• Crypto at yearly high (More miners for AMD Graphics Card)
• Fib Expansion .618 correlation
Trade Parameters:
• Broker: Robinhood
• Cost For Entry: Free
• Contracts: 5
• Entry Price: .50
• Risk: $250
• Reward: $100
• ROI: 40%
• Risk/Reward Ratio: 5:2
AMD for a bounce or break?This appears to be a bounce area for AMD, however I don’t like the change in behavior of the current wave.. it’s a lot more narrow. Price went straight up and straight back down. Lots of red gappy candles.
Upside:Today I’d like to see price play around with 30.00 to 32.00 dollars. It appears price will be moving back up as price is currently oversold and showing bullish divergence.
Downside: Price can overshoot to the down side, looking at around 27.50. A bounce here is good.
$AMD, Support and Time to BuyDo you want cheap and good stocks? I like stocks with the strong uptrend and $AMD is the one of them. So the share price is trading a little above the uptrend channel's lower bound and has a big potential for the further upside.
Strong Support ~ $30
Resistance LVL ~ $32-$34
Enter: ~ $28 - $30
Stop Loss ~ $26.5
TP : $50 and more per share.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.