Amdlong
AMD Falling Wedge Breakout - BullishWe traded AMD for over 100% leveraged profits a few moths ago. After hitting both our targets it made its way back to support to give us another great opportunity with a perfect RR.
Check out our older trade and it's perfection.
This trade is less convincing than the last, however the stop loss level is clear as there would be no reason to hold the asset below that support.
$AMD Quarter 3 (Q3) AnalysisAMD is playing out as planned since the initial Q2 prediction with a dip into the buy zone. I’ve been saying that AMD is an excellent buy opportunity under $100, and the bearish August and September price action has helped to send AMD down to this price level. I have $158.53 as a key price target for Q4, and I believe that AMD will form a new all-time high afterwards. Long-term I think AMD will be a $400-500 stock. The yellow trendline has been acting as a support level and AMD just formed a bullish bounce off this support. The red trendline will act as short-term resistance on the way up.
120 target by EOYAMD is basing and looking to retest the 120 supply zone.. bounced from the B leg of the bearish cypher (previous support is now resistances) A leg retested the supply zone, and retraced back to D leg of the bearish cypher pattern that was sold off. Now D leg is looking to act as support (previous resistances acting as support, same as it did for b leg). buy the dips and look for a retest of the 120 supply zone.
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices.
Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside.
With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe.
Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK.
Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation.
If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle.
KEEP WATCH of FAKEOUTS, where we enter back into the triangle***
Our 1st Target = $125 - $132 range
Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line.
This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021.
Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS:
RSI -> Notice how the RSI is coiling up in this range between the BLACK lines.
-> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need.
STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1.
MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level.
-> If we get above this 0 level with the cross, it will further the Bullish Momentum case.
TRADE IDEA:
STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle
Scale in your buy orders
CONCLUSION:
We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
AMD -> New Major Bullish CycleHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
As you can see on the monthly timeframe AMD stock perfectly retested the 0.618 fibonacci retracement level of the previous bullish cycle and already started a quite nice rejection.
On the weekly timeframe you can see that AMD retested the 50% fibonacci level and also filled the gap which was created a couple of weeks ago so everything is pointing towards more bullish growth.
Finally I am waiting for an entry signal on the daily timeframe - specifically AMD breaking above the current resistance at the $115 area and then I also do expect another daily push higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
AMD Target $132 - Pump expected soon🐂 Trade Idea: Long - AMD
🔥 Account Risk: 1.00% - 5.00%
📈 Recommended Product: Knockout / Option (for 1.00% position) or Stock (for 5.00% position)
🔍 Entry: +/- 108.00
🐿 DCA: Yes, down to 102.89
😫 Stop-Loss: 93.05
🎯 Take-Profit #1: 132.82
🎯 Take Profit #2: 150.00
🎯 Trail Rest: Yes (trail after TP #1)
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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AMD hit a larger weekly resistance zone around 132.00 and retraced from there building a double top and a break through the former local low at around 116.00. We might see a move up to that yellow resistance at 116.00 before we finally go south into the support zone. Unless that former high at 102.89 isn’t broken together with that trend line we remain bullish and expect a continuation of that uptrend.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
AMD -> Targeting The All-Time-HighHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
Just a couple of months ago AdvancedMicroDevices Stock perfectly broke above a major monthly downtrend line and since then created a bullish rally of roughly 70%.
On the weekly timeframe you can see that AMD just retested previous weekly structure at the $108 level and in confluence with a 50% fibonacci retracement level I do expect the continuation towards the upside from here.
The daily timeframe however is currently not bullish on AMD and the stock is retesting resistance at the moment so I am waiting for a bullish break back above the structure before then the daily timeframe is perfectly aligning with the overall long term bullish picture.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
20 Reasons for long AMD
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: In 2016, the stock started its bullish run and created its first multi-year Bullish Order Structure (BOS) and also set an All-Time High (ATH). After a correction move last year, an important point to note is that the Point of Interest (POI) area held, indicating that bulls still have power and the stock is showing strength. It is now poised for the next impulsive move towards a new ATH.
2:📆Monthly: In October 2022, the correction move confirmed a Lower High (LH), signaling the end of the correction. Now, the price may either consolidate sideways or take a reversal impulse move. We need to consider both possibilities. If the price consolidates, the range between 98 and 110 is important, and we should only look for buying opportunities within this range.
3:📅Weekly: A very strong bullish structure has already formed, and the price has made a BOS and almost completed its corrective move. The corrective area ranges from 100 to 104. Here, we need to wait for a strong reversal signal to confirm the buying opportunity. No further signals are needed, only one confirmed reversal signal.
4:🕛Daily: A well-established bullish trend is evident, with a strong inducement and a corrective move that has filled the gap and window. The price is now approaching the most recent support area after the inducement. The most important thing to watch carefully is the confirmation of today's pro-gap. If the price closes above 112 for the next two or three days, or even today, it will provide a buying confirmation.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Extremely bullish
6: 2 Pattern Candle Chart: Pro-gap
7: 3 Volume: High selling volumes indicate the end of the correction, and now a confirmation of the long position is needed.
8: 4 Momentum UNCONVENTIONAL RSI: Holding above the 40 area, indicating a middle strength bullish zone.
9: 5 Volatility measure Bollinger bands: Volatility is starting to squeeze, which may lead to a temporary calm or sideways movement before a bullish move. The breakout of the squeeze will provide final confirmation.
10: 6 Strength ADX: Completely sideways.
11: 7 Sentiment ROC:
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish
13: Entry Move: Initial impulsive move
14: Support Resistance Base: The most recent Order Structure (OS) after the inducement acts as strong support.
15: FIB: Not activated yet. Additionally, a breakout of the hourly trend line will provide an additional confirmation.
☑️ Final comments: Buy at confirmation.
16: 💡Decision: Go long.
17: 🚀Entry: 112
18: ✋Stop Loss: 104
19: 🎯Take Profit: 148
20: 😊Risk to Reward Ratio: 1:6.5
🕛 Expected Duration: 30 days
AMD -> Almost Ready For Another PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD just recently perfectly retested and already started to reject a major previous weekly structure zone at the $130 level.
You can also see that the next weekly support zone is at the $100-$105 area - I definitely do expect AMD to retest this support before I then do expect some bullish rejection and an overall continuation of the underlying uptrend.
On the daily timeframe you can see that AMD just created a beautiful double top formation which is a classic bearish reversal pattern so there is the possibility that we will first see more downside to retest the $105 support before we will then see a bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: