AMD Wedge breakoutGet out your brown pants ladies and gentleman, this breakout if confirmed will likely make #AMD attempt all time highs within the next month or so, in the short term I am going light and will pyramid in if it shows more promise, add it to your watchlists or go light for now, will update trade when I am certain. something something not financial advice something something
Amdlong
ADVANCED MICRO DEVICES INC /AMD/ NASDAQ - Still HoldingGo Long for AMD ; Still holding.
Double Top - 15/12/20 & 11/01/21
New Higher High - 28/04/21
Daily Time Frame:
1. MACD Lines Entering Bottom
2. MACD Histogram Bear Losing Power
3. Pullback & Failed
4. All-Time High
5. Impulse System Green or Hollow
6. Price back to Blue Line/ Value Line (Entry Price)
AMD Wolf Wave pattern 1HR NASDAQ:AMD
AMD formed a 5th wolf wave pattern looking to launch and possible target is that green trendline. It's going to be a little hard to trade AMD going into earnings since we're sitting on top of a gap from a couple days ago. Best way to play it is to wait until gap fill and make an entry after or have a starter position and average down if it decides to fill that gap. AMD has been a lagger in the semi conductor and I'm bullish on them going into ER. I would suggest getting 5/21 expiration for option. They have very well priced option chain.
Golden Cross, MA 50 & MA200 closing in on each other, in AMD?AMD has been in a phase of consolidation for some time, the stock has been trending upwards in recent time and is close to reaching a point where the MA 50 cuts the MA 200 lines on the 1 year graph. The response that we've received from board representatives is positive even though the company is being affected by the semi-conductor shortage, indicators are however pointing towards this mainly affecting the end-consumer and not the company. Since AMD has been able to increase the share of production which the company will receive from semi-conductor producers it's likely that the company will be able to take more market share from competitors like Nvidia and Intel. Overall this boads well for the company and its coming performance.
Notice also that long supports have held up and that this consolidation period came after a quite strong bullrun. Some of the shorter resistances also seem to get questioned and might in the short term start acting as supports.
Due to these fundamental and technical indicators I'm bullish towards AMD and I hold it to be true that the performance of the stock the coming months will be positive. The thing that might, however, make this idea void is if the company hasn't been able to handle the semi-conductor shortage well. The CEO and President of the company, Lisa Su, has however been indicating that the current situation is very positive for AMD which makes these worries seem less worriesome.
A great company which could survive all weatherThe market turmoil in Feb has eroded a lot people's bank roll, so as to the market cap of tech companies in general, some are extremely good ones.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.
Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
$AMD Return to the mean, 20-40% profit over the next quarter.Pretty simple trade setup here, expecting us to return to the middle of this channel quicker than previously, in as little as 20 days, as long at 50 days. Price target $100-$110.
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
AMD LongAMD looks like it wants to make a big move upwards.
All of the Ichimoku indicates bullish continuation:
-Price is above the Kumo Cloud
-Kumo Cloud is green
-Tenkan is above the Kijun
-Bullish TK is above the green Kumo Cloud
-Lagging span is above the price
An Ascending Triangle has been formed:
Price has been consolidating under the Triangle's
horizontal resistance since early December around
$94.35
Once the horizontal resistance is broken we should
expect a retest of it or of previous all time highs at
$99.23
The target for the Ascending Triangle is
$140.25
with a possibility of further extension to the upper
diagonal resistance formed over 20 years ago around
$170