Advanced Micro Devices Inc. (AMD): Trading zone & Trouble Ahead.Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16.
AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD.
Meandering price action since October 30, 2018 till current date has produced a sidetrend, following price retreating after the September 25, 2018 price high of $33.60.
Support region for the current sideways price action is present between $16.16 and $14.73, while the upper boundary and lower boundary of resistance is $28.53 and $25.29 respectively.
A breakout above $28.53 implies further upside for AMD. Lack of a breakout above $28.53 and/or consolidation within the region of resistance could result in a downward swing in the price of AMD.
Strategies for selling include the following:
(1) Selling on a breakout below $21.92 is considered (less conservative).
(2) Selling on a breakout below AMD’s long term bullish trendline (conservative).
(3) Selling on a breakout below $16.16 (most conservative).
Amdshort
THIS IS HOW AMD IS GOING TO HIT 6 USD PART TWOOn my last post i covered why AMD is going to hit the the 24 USD mark, and then drop.
Well we went up slight higher, to 25USD and we began dropping.
So where does that lead us? If we look at the previous analysis we just finished C, and now we would go for the 1:1 extension of A-B which is slighty higher at 7 USD.
Beware bulls, its going to get nasty.
THIS IS HOW AMD IS GOING TO HIT 6 USDWith Nasdaq and the Dow officially in a downtrend, and have a lot of further down to go, i believe tech stocks are going to have the biggest impact on it.
Right now AMD is doing a flat ABC, where it's going to test 24 USD again.
I would place a short at 23,8 USD with a stoploss at 24,5 USD.
As the title says i expect it to drop to 6 USD. With could potentially give us some nice profit.
AMD Approaching Resistance, Potential Drop! AMD is approaching our first resistance at 23.67 (100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.63 (horizontal overlap resistance, 61.8%, 76.4% Fiboancci retracement).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
AMD 40% SHORT (You don't want to miss out on this)Hey everyone, after a thorough analysis of AMD, I have concluded that a 40% motive wave is on its way, sending the price from 18.73 all the way down to at least 11.21 but don't be surprised if it hits 8.00! I would strongly suggest laddering out of the position to maximize your profit since an exact target has not been determined.
I am so certain of this move because we have just broken out of what appears to be a fourth wave triangle and failed to rise above the resistance the next day. From this, it is safe to assume that the next wave will be a fifth wave impulse into the wave four territory of the larger trend.
For the stop loss, I would recommend setting it at 20.75 because any price higher than this will make the current wave count invalid.
Feel free to message me any questions, comments or concerns regarding my ideas. Happy trading!
AMD Short - might be your last chance. $21 to $14I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier.
Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the run up to $32 was just a massive short squeeze an long with analysts pumping the projected price. Just like a cryptocurrency. As you can see now, we're making a head and shoulders on the daily, and the last time we had this little shorts was in August, and on the 4hr we're extended and making bear divs. Target... $16 before the end of the year, maybe $14.
AMD Short-Mid Term Short ScenarioCould short with targets at green area. Or long at the green target areas.
Beware Longing though, this could very likely have much more downside than that green target range. Could go into the mid-low teens. May want to keep a portion of a short running past the target zone.
AMD Long/Short Scenarios, Keeping The Streak Going.My AMD calls have been monstrous for the past couple months so keeping the streak alive.
Long and short scenario. Either could happen.
The levels themselves are best places to enter/exit. But the zones around the groupings of colored levels are also acceptable.
We could hit the green zone, and pop to the orange zone.
If we go below red line at green zone, were likely going to purple zone. If we break the red line, you could short green area with profit targets at purple OR long at purple with profit targets in green/orange.
do not chase parabolic moves.buy rosh hashana SELL yom kippurThe old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did we learn from bitcoin when that happens. third, add trump, add yom kippur selling (keep in mind yom kippur begins WEDNESDAY NIGHT) that means SELLING occurs on monday and tuesday to unload shares prior to the wednesday holiday. Its a situation where there is fasting for an entire day (much like the muslim holiday ramadan) do you think the smartest guys in the room are making huge bets for their institutions when everyone else can trade that day and they cant, on an empty stomach? Sure, call me out and call this trivial, but look at the history. The facts are right there. I LOVE AMD, but right now I DONT. and thats ok. Get out while you can, do yourself a favor, turn yourself away from the stock market if you're perpetually long and save face. If you're short, this is your literal DREAM. I wish only the best of luck to the smartest guys using tradingview platform. Ive learned so much from the community here and i want to be able to GIVE BACK. God bless you all and i wish you millions if not billions in your individual brokerage accounts and/or retirement accounts. GODSPEED. NASDAQ:AMD NASDAQ:INTC AMEX:XSD
AMD SHORT OPPORTUNITYI swear I thought I published that idea 2 days ago or yesterday, can't really recall when I saw the set up. Either way, this is a medium term trade (1 to 2 months) so you have time to get in. It seem like a lot of tech stock are in distribution phase so look around, plenty of similar set up. Targets, entry and S/L on the chart.
Trade Safe!!!
Ps : Not Financial bla bla...
AMD Short - Based on Technical DataAMD broke down below the 9 day MA and the 50 day MA. I think that she is going to continue this action and will be looking to exit at the next point of support around 11.66. Stop loss is set at 13.50.
I am optimistic that the trade will be good to hold until the earnings report comes out. Now, my plan is that no matter what, I will be exiting the trade BEFORE the earnings report, so as to lock in profits.