AMD and SMH leading the chip chargeThe entire sector is showing the same bullish wolfe wave pattern at the same time that it was reported that Pelosi added 11 million USD in shares of NVDA. There is a daily wolfe wave setup that triggered on July 5 closing day at 75.20. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 118 which is expected to reach this price target before Sept 30 assuming NQ wolfe wave time forecast. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, the wolfe wave daily setup for AMD does not have an apex associated with it so the projection of targets should be used with caution.
Amdlong
MU daily wolfe wave SMHThere is a daily wolfe wave setup that triggered on July 1 closing day at 53.65. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84.69 which is expected to reach this price target before Sept 22. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way toward 84.69.
AMD:Bear market rally or turnaround?Advanced Micro Devices
Short Term - We look to Buy at 76.98 (stop at 72.75)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. The daily chart technicals suggests further upside before the downtrend returns. Trend line support is located at 76.00. Dip buying offers good risk/reward.
Our profit targets will be 90.00 and 95.00
Resistance: 90.00 / 110.00 / 125.00
Support: 76.00 / 60.00 / 40.00
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$AMD down trend momentum$AMD has been trending down at a lower level ever since the market continues to pull back. Since then, $AMD picks ups a lot of short interest creating this downward move. The company's earnings have been amazing lately and continues its innovation for computer chips and probably expanding their reach to cloud computing and so on. a lot of big institutional traders seeing a buy, but the uncertain of the current market right now, preventing some traders to hold the stocks for long swing.
The average move of AMD per day is about $4.00-6.00 depending on market conditions and news.
here my price target for $AMD for monday 07/11/22.
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For calls; buy above $80.15 and sell at 82.14 or above
For puts, buy below 78.18 and sell at 77.40 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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AMD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 125 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AMD Waiting for the Range Bound and the beginning of the Ascension Trend.
AMD:Bear market rally or turnaround?Advanced Micro Devices
Short Term - We look to Buy at 95.03 (stop at 83.57)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 90.43. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit targets will be 125.60 and 133.11
Resistance: 125.60 / 140.00 / 157.50
Support: 93.50 / 84.00 / 72.30
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
$AMD held in best, what's next for the chip manufacturer?$AMD had a decent bounce yesterday after the market liquidation episode on Wednesday. A close above $100 this week, keeps the recent pattern intact. We expect this semiconductor leader to outperform in case the market has indeed found a bottom. A move above $106 next week will solidify this thesis.
Comparing AMD and TeslaBoth charts can be observed to have an upward trend (green)
Before recent movement upwards price dipped in both cases below this green line (in orange)
Both share choppy price action for a very long time, which is followed by a large breakout
Biggest chart difference is the timeframes, AMD is 3M, while Tesla in Monthly
AMD Bullish outperform on the Horizon? Higher Actual Earnings?!?AMD has a History of outperforming Earnings Estimates. I believe this provides Stark Fundamentals, in order to support the TA Case for a reversal to the upside:
> Q1 2021 18% higher than expected
> Q2 2021 16% higher than expected
> Q3 2021 9% higher than expected
> Q4 2021 21% higher than expected
With the above earnings in mind. The last 4 Quarterly reports provided an average of 16% out performance for Actual over Estimated earnings.
I have become very Bullish on the Fundamentals of AMD. A company in which, I and other already consider to have stronger Financials that Nvidia. (Also bullish on NVIDIA - just more for AMD)
Even with the "Ukrainian Heroic Freedom War" effect on the companies earnings, I would expect a slight out performance to repeat.
>>I have all the earnings dates laid out with the Vertical lines<<
Technical Analysis
I believe that the Green Horizontal line, which has been substantial resistance, support, resistance and now Support. Will be the foundation for a reversal to the upside. The Tech Sector, more particularly AMD, is at one if not the most Oversold level(s) in the companies History. One must only look at the distance from the Moving Averages to see this. My Quantitative models have highlighted this as one the three most attractive equities at present on My Radar.
>>Alongside Riot Blockchain and Netflix<<
In my opinion, AMD is the most attractive from a combined Fundamentals and Technical Analysis Evaluation.
Having DCA over yesterday and today into AMD. I believe a significant short to mid term rally to the $130 range is possible.
> Supported by a bounce from the general market being oversold.
> Tax season selling finished.
> Rate hike news already over priced in the market. (Strong belief that most (not all) of the rate hikes are being used as a stick waved to slow the market and economy. Rather than a tool that will be used to brutally beat the economy into recession)
> AMD being significantly more oversold than the greater market.
> Long term pricing models, factoring earnings and industry growth would suggest a significantly higher price in the coming weeks/months.
>>Finally, don't lever up and keep some dry powder always<<
>>Keep the Long term in mind Chaps<<
This is my own opinions, analysis and a trade I am currently undertaking in my portfolios. This is not Financial advice purely my own Analysis and Research.
Will be sharing the TA modelled charts over the coming Days for those interested.
5/4/22 AMD Advanced Micro Devices ( NASDAQ:AMD )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 161.076B
Current Price: $99.42
Breakout price: $100.00
Buy Zone (Top/Bottom Range): $97.85-$84.75
Price Target: $113.80-$117.60 (1st), $138.30-$141.40 (2nd)
Estimated Duration to Target: 20-21d (1st), 38-40d (2nd)
Contract of Interest: $AMD 5/20/22 100c, $AMD 6/17/22 110c
Trade price as of publish date: $4.41/contract, $3.45/contract
AMD earnings beat | Strong Buy Rating AMD entered the Buy area on oversold level predicted here:
AMD Q1 2022 Earnings:
EPS $1.13 vs $0.91 expected
Revenue $5.9B vs $5.2B expected
On 4/25/2022 Raymond James Upgraded AMD from Outperform to Strong-Buy setting a price target of $160.00
I think a reversal to $102 is most likely.
Looking forward to read your opinion about it.
Semis and Growth Stocks Leadership Up and Down - Look at AMDFor the past week we’ve been saying how the Semiconductors #SOX and NASDAQ-100 #NDX continued to not only trend in the same direction but their expansion between each other was evident of liquidation pressures continuing. These were even more evident as the 50 day moving average and 200 day moving average became dominant components of resistance. Nothing good comes of a stock when it’s unable to maintain the 50 day moving average!
The good news is the major indexes have not finally contracted into that 14,000 range on the #NDX that we’ve been touting on the Futures Market for about 2 weeks now.
Insert the chart here
It started to look as-if the low from April 12th was going to be a potential area for a leg up; however, it’s appearing a lower low could transform this upcoming week. As for right now, the mentioned recent low is holding the line by pennies. If the area breaks we will need to continue monitoring price action until a lower low is established, defended, and confirmed for the next leg upwards.
When we look at #AMD we can see the chart filled with continuous downward gaps and heading to the Demand Zone between 92-89, as pointed out in other postings and videos.
The Economics Thesis is surrounding the shortages of chips, which are in everything these days, thus a contributing factor into the price action throughout 2022. The stock has fallen about 43.50% (~ $72). As much as the news and “what is happening in this space” drives uncertainty and speculation on what's to come - I’m focused on my areas on the charts and within the technical analysis space. News and headlines (noise) is an ambiguous element into the world of trading and psychology. It turns the processors of emotional thinking, which cause tendencies to overthink and act with impulsive behaviors.
In any sense, there could be a turning point at the levels mentioned above. That is not to say we establish “thee low”, but it could generate some relief in attempts to close some upward gaps towards the recent highs of 125.67.
If all else fails, the next levels to watch are 792.0 and 72-80.
AMD Aimed Higher? Advanced Micro Devices
Short Term - We look to Buy at 101.31 (stop at 96.59)
We look to buy dips. 100.00 continues to hold back the bears. Trading close to the psychological 100.00 level. We expect a move higher in a corrective sequence, targeting Fibonacci retracement levels.
Our profit targets will be 114.62 and 123.06
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 84.00 / 72.00
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AMD: Buy Zone is 112-115AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level. However, after AMD reaches that level, it should go to about 140, then back down to today's levels, so there will be plenty of opportunity to add to your position over the coming 2 weeks or so. Ultimately, I believe this stock will reach $300+ by the end of the year, and it is my top chart for 2021.