Looking for a fill of the gap at 232 which coincides with the 2.0 extension of this 5-wave move down. Head & Shoulders pattern with negative MACD divergence.
AMD 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$.
Advanced 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 /...
A detailed explanation as to why I believe AMD stock will double or triple in the next 12 months. See my other posts for my Elliot wave count.
Hello 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 is starting to turn downward on the indicators. may hold if a few days. Price follows indicators
Hey 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.
The 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...
Hello 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...
Hey 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...
AMD 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...
AMD 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...
AMD 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.
Price is moving in the super cycle channel and reached the top line. Heavy Short is expected for a long time.
I plan to DCA at the green boxes, with the way the general market is looking I find it dangerous to hold onto most of my stocks. AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.
This 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...
AMD momentum looks to reverse trend out and retrace before possible run towards earnings swing setup Look for entry around $141-$143 Rejection is key no need to rush with entry TP 1 $135 TP 2 $132 TP 3 $127 TP 4 open
Chinese chips are seeing shortages across the board NASDAQ:AMD XETR:AMD BCBA:AMD BMV:AMD MIL:AMD FWB:AMD NEO:AMD SWB:AMD HAM:AMD SIX:AMD DUS:AMD LSE:AMD3 FTX:AMDUSD