Amdstock
ANALYSIS ON AMDDear Traders and Investors,
I'm sharing with you this analysis on AMD to tell you to close your position if you're holding a long trade, as you can see in the chart, the price pulled back on the 0.5 level of the fib and gave us a confirmation, now it's heading towards the 0.6.
For further question, don't hesitate to ask!
AMD UPSIDE EXPECTED 13 OCT,2023AMD has completed its price & time correction. Entry around 103 and SL 99 will give us huge targets.
$AMD Due for a Correction This WeekAMD has been showing a lot of bullishness since September 26. However, AMD has reached the upper range of the white channel and is due for a correction this week. I have the yellow trend line as a key support level and my first price target. I think there will be a solid bounce off this yellow support line in the short term.
AMD BUYHi, According to my analysis of AMD stock, there is a good opportunity to buy. Or a long-term investment. All reasons for purchasing are explained as shown in the analysis. Good luck everyone
AMD - Up to "All time high" ? AMD - Up to "All time high" ?
A popular stock + Above 150MA + continuation in Uptrend channel.
20% profit potential.
(In case it goes below the 150MA, I will exit the position).
Only an idea & not a recommendation for trading !
AMD supported by the high point in late March of this year!AMD supported by the high point in late March of this year!
This chart shows the weekly candle chart of AMD's company stocks from May 2021 to the present. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the recent high point of AMD company's stock has been suppressed by the 1.000 position of the top to bottom golden section in the figure! Then, AMD company's stock engaged in a long short competition between the 1.382 to 1.618 positions in the golden section of the chart from late June of this year to the beginning of this month. In the past three weeks, it has broken down and was supported by the high point in late March of this year! Just use the high point in late March this year (102.43) as the long short watershed for AMD stocks in the future!
Advanced Micro Device Can we bounce from 21 Weekly EMA?Hi Guys! This is a Technical Analysis on Advanced Micro Device (AMD) on the 1 Week Timeframe.
Previously i posted a chart on the Daily Timeframe, mentioning of a potential breakout to the upside. But it was short lived as a fakeout, and we are down 7ish% since then.
To get an understanding of what went wrong, i decided to analyze the Weekly timeframe to get a bigger picture.
As you can see:
We have closed BELOW the SUPPORT line of the triangle.
We have also closed below this short term RED Horizontal support line.
And we are now Testing SUPPORT on the 21 Weekly EMA.
This is a Major development in my opinion.
21 EMA is used to determine trend:
->If its ABOVE = BULLISH
->If its BELOW = BEARISH
Whenever we are ABOVE the 21 EMA, its important for the BULLISH trend to have price action test SUPPORT on the EMA, every now and then.
For the BULLISH Trend to continue, we need CONFIRMATION that the 21 EMA indeed acted as SUPPORT.
But there is also the case, of the 21 EMA not being able to maintain SUPPORT.
So whats more likely in our current situation?
In my Opinion, its becoming more likely or probable that we BREAK BELOW 21 EMA.
For me and for more evidence i like to use INDICATORS.
Ive highlighted some Scenarios that mirror our current developments in the 3 indicators ive added.
Notice the Differences between how far we drop under the 21 EMA and the variations found in the indicators.
For Price action to weaken and drop below 21 EMA, 3 things need to happen:
1. RSI -> Showing the Orange line break support and move BELOW the Black line. The longer stay below and continue lower, more likely for price declines.
2. MACD -> BEAR CROSS, (Blue line below Orange line) and the appearance of Red Histogram.
3. STOCH RSI -> Below the 20 level. The longer we stay below this level, more likely for price decline
We are currently in this SCENARIO, highlighted by BLACK BOX.
So now to determine exactly how far BELOW we go, If we do break SUPPORT.
To gauge at that, we look LEFT and we look at the specific changes/ differences in the indicators.
For LARGER PRICE DECLINES like in Scenario #3 and #4
-> MACD Histogram Bars were LARGE
-> MACD Blue/Orange lines moved BELOW 0 level
-> STOCH RSI for #3 continued for about 133 days (longest compared to other scenarios).
-> RSI Orange line stayed below Black line for extended period
Now notice #1 and #2
-> The indicators didnt show extreme variations as seen in #3 and #4
-> Scenario #2 Price action was below 21 EMA for a decent amount of time but it was consolidating, rather than having a major decline.
-> Though the RSI Orange line was below the Black for extended time,
-> the STOCH RSI was at oversold area for 119 days,
-> the MACD Orange/Blue line NOT dose diving BELOW 0 level, helped price action maintain a range before moving back over 21 EMA.
We have to keep in mind though that history DOES NOT have to repeat and that a new scenario can be possible
BUT Main thing to watch is the size of the histograms of the MACD and whether or not we stay ABOVE the 0 level, in my opinion.
A level to look at is the SUPPORT line labeled "MAJOR SUPPORT".
IF we do close BELOW 21 EMA, it becomes more likely we test this line.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on AMD in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
AMD breakout expected|31st July 2023Price has come down without touching any supplies. Price has also narrowed so much and price is initially from HTF DZ.
AMD stocks experienced range fluctuations in 1.382 and 1.618AMD stocks experienced range fluctuations in 1.382 and 1.618 positions
This chart shows the weekly candle chart of AMD stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, AMD stocks experienced range fluctuations in May and mid June of this year after retreating to 1.382 and 1.618 positions, following the 1.000 position of the golden section in the upper test chart! The weekly chart for the past two weeks has shown a long upward shadow and a steady downward shift in center of gravity! In the future, the probability of AMD stocks weakening is expected to return to the bullish starting point in May 2023 as shown in the chart!
AMD -> New Major Bullish CycleHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
As you can see on the monthly timeframe AMD stock perfectly retested the 0.618 fibonacci retracement level of the previous bullish cycle and already started a quite nice rejection.
On the weekly timeframe you can see that AMD retested the 50% fibonacci level and also filled the gap which was created a couple of weeks ago so everything is pointing towards more bullish growth.
Finally I am waiting for an entry signal on the daily timeframe - specifically AMD breaking above the current resistance at the $115 area and then I also do expect another daily push higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
AMD SHORT It's bear market time, don't believe in miracles and make money today. We must be able to adapt to the situation and the market, and not blindly believe in eternal growth. Don't thank. All profitable trades.
Follow me and more likes please ❤
20 Reasons for long AMD
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: In 2016, the stock started its bullish run and created its first multi-year Bullish Order Structure (BOS) and also set an All-Time High (ATH). After a correction move last year, an important point to note is that the Point of Interest (POI) area held, indicating that bulls still have power and the stock is showing strength. It is now poised for the next impulsive move towards a new ATH.
2:📆Monthly: In October 2022, the correction move confirmed a Lower High (LH), signaling the end of the correction. Now, the price may either consolidate sideways or take a reversal impulse move. We need to consider both possibilities. If the price consolidates, the range between 98 and 110 is important, and we should only look for buying opportunities within this range.
3:📅Weekly: A very strong bullish structure has already formed, and the price has made a BOS and almost completed its corrective move. The corrective area ranges from 100 to 104. Here, we need to wait for a strong reversal signal to confirm the buying opportunity. No further signals are needed, only one confirmed reversal signal.
4:🕛Daily: A well-established bullish trend is evident, with a strong inducement and a corrective move that has filled the gap and window. The price is now approaching the most recent support area after the inducement. The most important thing to watch carefully is the confirmation of today's pro-gap. If the price closes above 112 for the next two or three days, or even today, it will provide a buying confirmation.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Extremely bullish
6: 2 Pattern Candle Chart: Pro-gap
7: 3 Volume: High selling volumes indicate the end of the correction, and now a confirmation of the long position is needed.
8: 4 Momentum UNCONVENTIONAL RSI: Holding above the 40 area, indicating a middle strength bullish zone.
9: 5 Volatility measure Bollinger bands: Volatility is starting to squeeze, which may lead to a temporary calm or sideways movement before a bullish move. The breakout of the squeeze will provide final confirmation.
10: 6 Strength ADX: Completely sideways.
11: 7 Sentiment ROC:
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish
13: Entry Move: Initial impulsive move
14: Support Resistance Base: The most recent Order Structure (OS) after the inducement acts as strong support.
15: FIB: Not activated yet. Additionally, a breakout of the hourly trend line will provide an additional confirmation.
☑️ Final comments: Buy at confirmation.
16: 💡Decision: Go long.
17: 🚀Entry: 112
18: ✋Stop Loss: 104
19: 🎯Take Profit: 148
20: 😊Risk to Reward Ratio: 1:6.5
🕛 Expected Duration: 30 days
AMD - Bullish PitchforkLooks like NASDAQ:AMD may have found its bottom on this young pitchfork that I see forming actionable setups. After filling the gap it looks healthy and ready for higher prices. Expecting 140s before earnings.
AMD - Fix & UP ? AMD - Fix & Up ?
A popular stock + above the average line 150MA + 50% Fibonacci + Closing Gap + CCI turns over.
Only an idea and not a recommendation for trading !
There is still room above of AMD stock !There is still room above of AMD stock !
This chart shows the Line chart of AMD shares in the last two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent high point of AMD stock happens to be 1.000 level of the top to bottom golden section in the figure, and the recent wave of long start bits also happens to be 2.382 level of the top to bottom golden section in the figure! So, in the future, the probability of AMD stocks will continue to break through upwards, test the 0.618 level of the golden section, and then fall back, fluctuating and weakening!
AMD -> Almost Ready For Another PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD just recently perfectly retested and already started to reject a major previous weekly structure zone at the $130 level.
You can also see that the next weekly support zone is at the $100-$105 area - I definitely do expect AMD to retest this support before I then do expect some bullish rejection and an overall continuation of the underlying uptrend.
On the daily timeframe you can see that AMD just created a beautiful double top formation which is a classic bearish reversal pattern so there is the possibility that we will first see more downside to retest the $105 support before we will then see a bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD to close its gap?Advanced Micro Devices - 30d expiry - We look to Sell a break of 115.68 (stop at 122.08)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
We have a Gap open at 25/5 from 108.27 to 117.31.
A higher correction is expected.
We are trading at overbought extremes.
In our opinion this stock is overvalued.
Our profit targets will be 100.68 and 97.68
Resistance: 125.00 / 132.83 / 135.00
Support: 115.80 / 108.00 / 102.00
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AMD WEEKLY ANALYSIS after the rejection of the price at the resistance level we will see a reversal to fill fvg
AMD -> Wait For This SupportHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD stock is currently retesting and already starting to reject a quite nice previous weekly resistance area at the $130 level.
You can also see that the overall uptrend is still valid, after the recent 50% pump AMD is definitely ready for a correction though so I am now just waiting for a correction back to the next support zone at the $105 level before I then do expect more continuation towards the upside.
On the daily timeframe you can see that market structure is still bullish, I am also not really interested in actually shorting AMD, instead I am waiting for a retest of the $105 area and some bullish confirmation and then I do expect another rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD -> Uptrend Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD is actually approaching a quite nice previous weekly support/resistance area which is now turned resistance again.
You can also see that weekly market structure is beautifully bullish, AMD is always creating new higher highs and higher lows, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside potential.
On the daily timeframe you can see that AMD is showing some rejection at the $110 level which was also previous daily resistance, so I am now just waiting for a retest of the $98 level before I then do expect a new fresh rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD STRONG UPTRENDAMD is currently creating a possible weekly higher low which is an indication of the start of a uptrend on lower time frames. AMD also has earnings after market today which could initiate the move or invalidate it. With the weekly having a closed bullish Pinbar @ the trendline there is strong confirmation signaling a bullish move up for the next week or two.
