Amdshort
AMD Break Inbound? Advanced Micro Devices - Short Term - We look to Sell at 99.06 (stop at 103.51)
The medium term bias remains bearish. We look for losses to be extended today. This move is expected to continue and we look to set shorts at good risk/reward levels. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 84.22 and 79.31
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 84.00 / 72.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AMD is Looking Heavy with Significant Downside PotentialAMD reached an all time high of 164$ on Nov 30, 2020. Since then it has been retracing lower with price currently at 100$ psych level. The stock looks heavy. I expect the price to continue to chop its way lower toward the 72.5$ price point as a target. Analysis is void if price rises above 132.5$.
AMD Aimed LowerAdvanced Micro Devices - Short Term - We look to Sell at 120.45 (stop at 126.99)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 121.00. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 101.28 and 85.50
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 85.00 / 72.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AMD: It is a wonderful time to buyHello traders, it looks like AMD is finishing up its W-2 within a larger degree W-3. We see that price is approaching the .786 fibonacci retracement, and we have a positive MACD divergence. This is a great opportunity too add to your long positions. Soon we will be in W-3 of W-3, so that will be a very powerful move to the upside. Good luck traders :)
AMD: Big Picture Looks GoodHey friends, here is my longterm view of the AMD chart. On the smaller scale, I think it should bottom in the $80-$90 region and then begin the next leg up to $300+. I would be selling at 300 with the hope of purchasing back at the 150 level for the final leg up to 500+ before AMD enters a prolonged bear market where price can reach the same level it is today.
$AMD: Going back to $70-$80The chart is getting more bearish day by day and looks to be in a classic ABC correction wave. Double rejection at 0.5 fib and the C wave has started.
All the big caps have started falling. Daily MACD is about to crossover to negative territory.
My target for AMD is $70-$80 in next 3 months. If $SPY goes back to $380, I expect AMD to hit high $50s.
Like I said a couple of months back, AMD is the Qualcomm of the 2020 bubble.
AMD: Now is NOT the time to buyHello Friends, here is a fresh AMD update. Unfortunately, the outlook is not good right now. For me, I am expecting a final move down to the $86-$92 region before we resume the uptrend. I think the sweet spot will be $88, because this will be the .236 retracement. AMD is very volatile, so large swings like this should not be surprise. For now, I will wait for my price target :)
AMD: Time to fill the Gap at 106Hey all, I wanted to give a quick AMD update this morning. After today's price action, the structure of AMD's decline has become more clear. I believe we have 1 leg down to go which should bring us to the 106 region and fill the gap that was left behind. This will be good for AMD longterm, as it is not a a good thing to leave open gaps behind in the chart. I will be adding heavily in the 106 region if we get there. Upside targets are still in tact. Good luck traders.
AMD: Time to go longAMD underwent the C-Wave drop that we warned about in our update a few days ago. C-Waves are generally the fastest moving and harshest waves, so it is no surprise that AMD fell about 15% in just 2 days. The speed and depth of the move even exceeded our expectation. In fact, this move was so steep that it difficult to come up with a clear 5 wave pattern down. It may still just be 3 down so far.
My base case is this: AMD has bottomed and will now begin its W-3
My bear case is this: AMD has 1 more low to make, which will likely fill the gap at the 105 level
Either way my upside targets remain the same: 160 In 60 days, and 200 in 120 days
AMD: Go long at 117AMD gave us a clear 5-wave impulsive move off the lows, what happens next is very important. This could be an A-B-C with a final low yet to be struck, but the probability of that has decreased dramatically in my opinion. Right now we are topping in the B-wave. Expect the C-Wave to bring us to the 117-110 level. I will be initiating a long position at 117. Price target for this swing trade is 200+. Nice R/R setup.
AMD: Still looking for a bottomAMD had a strong 4th wave bounce after it's stellar earnings report. However, the stock turned downwards at a key resistance level. It appears that AMD is forming an expanding diagonal as the C-Wave of this A-B-C pullback. My ideal target is the 2.0 extension, which is $90, before we resume the broader uptrend.
AMD PARABOLIC SELL SIGNAL!! SHORT to $106.28This trade is a setup with >80% SUCCESS RATE in my experience. I have come up with this setup and I dont think this is described anywhere else. So I am letting everyone see some of my proprietary trade signals. Its an adaptation of Bollinger Band reversion to the means rule. This rule is designed to show where price has runaway and is WAY OVERVALUED and MUST revert to the means. In this case I use the 39 EMA as the Mean average. That becomes the Target Price of the expected move.
The PARABOLIC SELL signal is setup with Price TOUCHES or GOES BEYOND the outer Bollinger Band which is 2 STD DEV beyond the means. The price MUST reach that outer band a MINIMUM of 5 times. Each count (1-5) MUST not be interrupted by more than ONE candle that does not touch the outer band. In this example AMD Price TOUCHES or GOES BEYOND 6 times in a row with NO interruptions. But, my rule allows for one interruption between each count at a MAXIMUM. If there is MORE than 1 interruption then the count begins again. AFTER the 5th count if price retraces 50% of the last candle height then a SELL signal is initiated.
As you can see on this 3 DAY chart of AMD we have a PARABOLIC SELL signal after a 6 count where price has retraced 50% of that candle.
Next, my rule says to place the SHORT LIMIT order somewhere between the prior candle close and most recent high (usually that same candle high), with a SL just above the most recent high. Target Price is the 39 EMA.
So in this case my SELL LIMIT order is at $151.58 with SL at $157.28. Downside TP = $106.28. This is a 7.95 R Trade. That means that this trade could LOSE almost 8 x and still be break even. This rule is NOT 100% but it is successful >80% in my experience trading it. Also the longer the TF the more relaible the Signal. This is a 3D Chart. It works nearly 100% on Weekly charts. So I would expect about a 90% chance this trade is successful (assuming my Limit Order gets filled)!! (sometimes the order does not fill)
I hope this helps someone learn something. Lets see if it plays out as expected. The last time I described this was MRNA SHORT and SPX SHORT about 1.5 years ago. BOTH trades worked as described. The same setup actually occurred in TSLA yesterday but I failed to see the setup to take that trade.
Trade what you see!!