$AMD Technical Analysis $AMD Technical and notes
NOTES:
- The stock has had tremendous uptrend in past year.
- We are seeing record high numbers.
- Earnings are strong for the company.
TAKEAWAY:
- As charted, the uptrend is continuing but there seems to be a squeeze as it reaches the Resistance line.
- WATCH the resistance line price.
- Stock should continue to Resistance line and that is where we see what happens.
-- IF stock does NOT break resistance line, it will come down to $144 levels
-- IF stock DOES break the resistance line, it will become new support and we will see more uptrend.
If you want to see a TA let me know which stock you want to look at.
Amdlong
AMD is looking beautifulAMD has bounced up from support @ 136 using Aspen Trading Support & Resistance Levels.
It has moved closer to the resistance level of 152.25 and a move above this level can lead to further upside.
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Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
3 ATHs in 1 Week - $GOOGL, $TSLA, $AMD $GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week
$GOOGL - Alphabet
Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21
Alphabet is up 66.85% YTD
Returns since IPO in Aug 2004 - 1,670%
Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates...
I continue to have a long position on $GOOGL in the long-term
$TSLA - Tesla
Reported Q3 FY21' earnings earlier this week with EPS of $1.86/share beating estimates & Revenue of $13.8B missing estimates
Reported an ATH of $1055.58/share on 10/27/21
Tesla up 47.07% TYD
Returns since IPO in June 2010 up 21,621% (yes thats correct - in 10s of thousands)
Reported 241,300 vehicle deliveries up 73.2% YoY
Plans to achieve 50% vehicle annual growth in vehicle deliveries over a multi-year horizon
Not sure my thoughts on $TLSA even as an owner of shares - with the current state of the supply chain, energy & it's rising costs, ESR movement, & clean energy it's hard for me to say "I absolutely LOVE $TSLA" or "Buy it Now!" - However, I do believe EVs are the future and am very long $TSLA for a long-term investment
$AMD - Advanced Micro Devices
Hit an ATH of $128.30/share on 10/25/21
Reported Q3 FY21' earnings earlier this week with EPS of $0.73/share beating estimates & Revenue of $4.31B beating estimates
Revenue of $4.31B +54% YoY
Advanced Micro Devices up +33.33% YTD
Returns since IPO in Oct 1979 - +3,689%
Q4 revenue estimates raised to $4.6B
Very positive outlook overall - including large raises in Q4 earnings estimates, but also a very volatile stock - given its sector, volume in number of shares traded, % almost "meme" stock status, I am long $TSLA for a long-term investment
AMD attempts to break Bullish Wedge resistance on 1h & 1DAs you see on the charts above AMD has strong potential to go into a strong uptrend over the month of october, I'mspeculating the break and the uptrend to being on Monday if not tommorow. This isnt a financial Adivce, so do your own analysis before following these speculations.
$AMDOn Sept. 30 AMD announced that Google Cloud is expanding its use of AMD's EPYC processors.
Google Cloud previously offered developers the ability to use virtual machines powered by AMD's second-generation server processors. It will now be offering virtual machines powered by AMD's third-generation processor, which provides an improvement in price per performance.
AMD's stock price closed 2.5% up after the company announced an expansion of its current collaboration with Alphabet's Google Cloud.
If you’ve been holding AMD for a little while you know it’s been a struggle.
It took just about a year for price to break above it’s previous $100 resistance level and finally we’re trading above it.
Advanced Micro Devices is coming towards the end of it’s symmetrical triangle on the daily chart so this might be something you want to keep your eyes on.
You have heavy support at $100.
MACD ready to turnover.
RSI flat.
Moving averages all in the right places.
Wait for the break!
Keep this on your watchlist.
- Factor Four
$AMD - Bullish Trade Set UpAMD made an incredible run through the $100 resistance shortly after it's earnings report this past July. Currently it's setting up an inverse head and shoulders, provided semis/tech as a whole can maintain it's bullish momentum despite September seasonality, we could see another push to the $118-120 range. Attached is some flow from Friday prior to close that seems to have the same thought process.
Upside Targets: 115, 116.30, 118.40
Warwick Gorman
OptionsSwing Analyst
Do You Feel Lucky Punk?Never rely on luck.
It will fail you again and again.
Commit to a process, totally and completely.
If the process does NOT work you will know after 20 or so trades.
And guess what you need to do then?
STOP.
Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent.
Do you know how I found my supply and demand strat?
I tested every type of supply and demand system out there, tried some of my own, ran the process and eventually found the ONE SIMPLE technique that works.
This isn't rocket science but you do need to be analytical and follow a process for at least 20 trades.
Don't continually ask yourself "Do I feel lucky?".
Instead follow what actually works.
The Process.
AMD- Bullish MomentumChart posted 7-26-2021 approx 12:07pm ET. AMD has shown excellent pattern buildup.. the MACRO here is a shark pattern that developed a bearish shark- both of these are extremely bullish esp. when the bearish plays out off the bullish pattern. Expect high rises and sharp dips, but ultimate profit target around 105-108.00. Highly recommended to set a good stop on this- not to thin and not too deep. ATR may help with this. I entered at 92.00 on this trade. Stop is around 89.60