AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
Amdstock
AMD Set for Major Processor Launch As it Grabs 33% of CPU MarketAdvance Micro Devices ( NASDAQ:AMD ), a leading player in the server CPU market, claims a 33% share. The company is preparing to launch its next-gen "Turin" processors and unveils a GPU roadmap following the MI300 product line. NASDAQ:AMD 's CFO, Jean Hu, highlighted the company's growth in servers, CPUs, and GPUs, highlighting partnerships with Microsoft and strong double-digit growth in server CPUs and desktop/laptop segments.
AMD's strategic focus on power efficiency and cost-effectiveness makes it a compelling choice for enterprises facing power and space constraints. Notable clients like American Express, Shell, and STMicroelectronics are transitioning to AMD-based infrastructure. NASDAQ:AMD plans to launch a next-generation AI PC in the second half of the year, potentially refreshing the PC market. The company also sees long-term growth potential in the embedded processor market through synergies with Xilinx.
NASDAQ:AMD 's performance in the desktop and laptop markets is also highlighted. Analysts expect NASDAQ:AMD and peers to drive semiconductor industry optimism after their earnings beat, but caution against AMD's MI300 supply constraints, gaming segment weakness, and aggressive pricing from Nvidia Corp.
Technical Outlook
Advance Micro Devices ( NASDAQ:AMD ) stock is up 3.43% on Tuesday's Market day trading. The stock daily price chart depicts a trend reversal from a falling wedge or bullish flag pattern.
Advance Micro Devices ( NASDAQ:AMD ) stock has a Relative Strength Index (RSI) of 61.94 which makes it poise for further growth in the long term.
🔍💼 AMD Stock Analysis 💡📈Sentiment Overview:
Cautiously optimistic sentiment surrounds NASDAQ:AMD , despite near-term challenges such as supply constraints impacting data center results. Analysts' price targets vary, indicating potential upside ranging from modest gains to substantial increases.
Critical Point:
The stock is at a critical juncture, with technical indicators suggesting a possible bullish reversal if it rebounds from current support levels. However, a move to new lows could signal further downside.
Price Targets:
Market response will determine if AMD can reach targets like $160 or even $180, indicating a potential complete reversal in sentiment.
Fundamental Strengths:
Despite near-term uncertainty, AMD's underlying fundamentals, including AI ramp and potential for improved data center results, warrant a moderate buy sentiment among analysts.
📊🚀 Investor Action: Monitor market dynamics and technical indicators closely for insights into AMD's future trajectory. #AMDStock #MarketAnalysis 📉💼
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside.
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Keep your long term vision,
Philip (BasicTrading)
AMD GO HIGHERHello fellow stocks traders, currently working and watching this stock before it fall, my assumptions to the highest level is 220-243$ before it retrace.
Were on the 2nd moves for distribution type.
Betting the highs is not optional on shorting. best case is that we dont know whats happen next.
This is only my assumptions before it dump.
This is not a financial advice.
Follow for more Stocks to trade.
Trading is risky, dont trade it own it.
AMD Short Trade Opportunity - Very Overbought in a Greedy MarketNASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting.
I believe semiconductor chip stocks have been extremely bullish, and I haven't wanted to be against them. However, they seem very overvalued at current prices, and I think the market could get a pullback soon. I think the AMD stock price and RSI will need a correction within the next few weeks. The correction could put AMD around $140 price levels.
AMD - Starting to Accumulate.AMD - Currently down 50% from ATH starting a position for long-term.
Looking to add at levels of support indicated in cyan. Big bids at 59-50 and 34-29.
Short-term trend change if yellow zone gained. Targeting orange around 100 for profit taking.
Looking for new ATH on gain of purple.
Market Top Looming For AMDRan through historical data on AMD and have quite a few signals of interest. The first event is bullish and calls for a move into the larger green box. Typically my signals come with a delay until the final movement is achieved. In this case, my Aggressive Multi-time frame indicator fired based on January 22, 2024 closing price. The signal was bullish, however, the common delay sees a retracement into the are of the pink box. Today, AMD moved down into the pink box possibly satisfying the delay prior to moving above the signal price and thus completing the signal.
Although the delay and successful signal have both occurred, the stock cannot trade straight sideways forever. The likely direction is still very bullish, even if the stock were to revisit the small pink box in the next two days. Believing the stock will continue up, the question then becomes how high?
I figure we are in the final end of an impulsive wave C. The five waves in this wave C are the larger Yellow numbers from when the wave began at the low on October 26, 2024. Yellow waves 1-4 are likely completed and we are in the final wave 5 upward now. Some of the common reversal points are highlighted with the wave extension levels on the right. 100% of wave 3's movement is at 151.05 while 200% is at 185.73. A wave 5 typically does not breach the 176.40% level therefore placing a likely top below 177.55.
This yellow wave 5 is composed of five smaller white waves, of which 1-3 are likely completed and it is unknown if wave 4 was completed today too. Wave 4 could complete if there is additional downward movement within the next two days. Once wave 4 is confirmed the final white wave 5 will coincide with the market top. The same levels are interest on the left likely indicate a top below the 114% level. A common top is normally no higher than the 106-110% mark for micro fifth waves. This would likely keep the top below 177.20.
I am not trying to find the top, but more of when the top could occur and what happens afterward. White wave 1 was five days, while wave 3 was six days. White wave 5 will likely be five days or less which is January 30. AMD reports earnings on January 30. There is a chance, either earnings, the outlook or a combination of factors do not fair well for AMD. There could be a final rally during the day on the 30th, until earnings come out after hours. AMD has debt that is due this year and the Fed's decision, but more likely its outlook on rate cuts this year could have a major impact on the refinancing of that debt. AMD could hold off on refinancing their debt if they believe cheaper rates are coming soon. If the Fed takes rate cuts off the table, do not provide a time table for cuts, or state factors enabling rate cuts are yet to be seen will force AMD to refinance their debt at higher rates. This could force them to sell stock (normally at a cheaper price), raise prices (consumers are already squeezed there) or another path not favorable to the short-term profitability.
The earnings fall out will hit the stock on January 31. The Federal Reserve provides the next decision point on January 31. There is another signal that triggered at the close on January 12th that remains unfulfilled. That bearish signal indicated the stock could fall below 146.56 before February 20, 2024 based on historical data. The actual target box for the movement is the large yellow box on the chart. Based on the 383 studied occurrences, the signal is correct 91.361% of the time. Correct in this case would require a movement below 146.56. This instance could fall into the 8+% of failure, or it could occur via a longer path. I am positing AMD could crash down into the yellow box after fulfilling all signal price targets (pink, green, and yellow boxes).
The Fed and earnings are only the beginning of the downward movement. I am still bearish on the market in the short-term (rest of 2024) even though I have called for the drop to occur in the prior months. The market is at new all-time highs, but are things really better than they were on January 3, 2022?
AMD INV H&S ( SHORT TERM BULLISH )
AMD Inv. H&S, high chance of another bullish leg up to capitalize off of. The reasoning for short term bullish is due to the fact that the weekly time frame is over extended with a similar historial pattern to the previous "top" of AMD's weekly high before falling to correct.
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 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 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.