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Bulls Eye AMD: Key Breakout Levels Ahead**Brief News Update:** AMD will host the "Advancing AI" event on October 10, 2024, where it will unveil its latest Instinct MI325X AI accelerators and 5th generation EPYC processors. These products target high-performance computing and AI applications, with the MI325X offering up to 288 GB HBM3E VRAM and 6 TB/s bandwidth. Updates for the Ryzen AI PRO 300 series chips are also expected, potentially hinting at future line-ups like Strix Halo. The event will be streamed live via AMD's website and YouTube channel. AMD is expected to announce its quarterly earnings on October 29, 2024. **Monthly Timeframe Analysis** Five months ago*, I highlighted the Scallop formation, which has since broken out to the downside. However, the bulls managed to push the price back into the Scallop zone, as the closing price consistently remained within the range. This suggests that the bulls are keen on keeping the price above $140. The last two white bullish candles indicate a strong move, and my DTMI indicator points to a potential trend reversal. However, keep in mind that the white dot is on a still-open candle, so it is not yet confirmed. The #stoch RSI indicates there is still room for upward movement. **Weekly Timeframe Analysis** Looking more closely at the regular candles, while the broader picture suggests room for further upside, the trend needs to break first. We see a lower high (LH) and a lower low (LL) printed. The $187.28 level needs to be broken to look higher. If this doesn't happen, we may print another lower high (LH), and the previous low will likely be tested again, with a possible drop toward the psychological level of $100. It's crucial to monitor the market #structure closely, as the breakout of the resistance line occurred without above-average volume. This may mean the volume is yet to come, perhaps with the event on October 10. **4H Timeframe Analysis** I also want to discuss the W-formation, where the price is currently closing a gap. However, we must still account for a potential pullback to the underlying mini-gap. If the $162 level holds, this formation could present a good point for a trend reversal. As mentioned earlier, the $187 level must be broken to confirm the upward structure. **Conclusion:** The price shows signs of a potential upward movement on both the monthly and weekly timeframes, with a few critical resistance and support levels to watch. The upcoming event on October 10 could act as a catalyst for further upward movement, but there isn't enough volume to confirm this yet. Be mindful of pullbacks and the trend. On the Weekly timeframe 5 months ago*, since April, we’ve seen a ⁠choch forming with lower highs and lows, signaling a downtrend below the ⁠EMA 50. A bullish reversal in January 2023 led to an uptrend, reaching an ATH on March 4, 2024. The current pullback to the 0.5 Fibonacci level, supported by the ⁠EMA 50, aligns with an inverted ascending scallop, indicating a potential turning point as the ⁠stoch hits the floor. **Resistance Levels:** - $313 (Scallop target) - $227 (#ath) - $187.28 **Support Levels:** - $162 (W-formation) - $140 - Psychological level of $100 *Disclaimer: This is not financial advice. Always do your own research and assess your risks carefully.*
NASDAQ:AMD
by Tims.Technische.Analyse.
Mind the gap! What next for Broadcom?Broadcom (AVGO) has been a major beneficiary of the AI boom, with its stock soaring 53% since the beginning of 2024 and more than doubling year-to-date. While not reaching the astronomical heights of NVIDIA (NVDA), Broadcom's performance remains remarkable. The company's Q2 revenue report was a resounding success, showing a 43% year-over-year increase, while EBITDA grew 31% year-over-year. This strong performance prompted Broadcom to announce a 10:1 stock split on July 15th, a move that will make the stock more accessible to smaller retail investors. The sustainability of this growth in the rapidly evolving AI landscape remains a key question for any AI-related company. However, Broadcom's forward P/E ratio of 35 appears relatively modest compared to its AI peers like NVIDIA (50), CrowdStrike (95), and AMD (46). This suggests that Broadcom may still have room for further valuation expansion. Following the impressive earnings report, the stock surged 12% on June 13th and continued to trade higher in after-/pre-market activity. The technical picture is also positive, with the price comfortably above its short, mid, and long-term moving averages, indicating strong momentum. The recent surge in volume, reflected in the Volume Oscillator, further underscores the heightened interest in the stock. While the Relative Strength Index (RSI) is currently in overbought territory at 79.23, this is not unusual following a major earnings announcement. Importantly, the RSI's moving average has been trending upwards since early May, suggesting that the bullish momentum behind AVGO may not be exhausted yet. Furthermore, the overall market sentiment towards AI remains positive, which could continue to support Broadcom's growth trajectory. Yet it remains important to monitor Broadcom's competitive position in the Semiconductor Solutions & Infrastructure Software market, as the landscape is constantly evolving. Risk Management: Despite the positive outlook, investors should be mindful of potential risks, such as a slowdown in AI adoption or increased competition, and employ appropriate risk management strategies.
NASDAQ:AVGOLong
by WHSelfInvest
Nvidia's Spectacular Rise: A $2 Trillion ValuationNvidia ( NASDAQ:NVDA ), the powerhouse in AI chip technology, is poised to close with a staggering $2 trillion valuation, marking a historic milestone in the realm of tech giants. The ascent comes on the heels of an optimistic forecast from Dell Technologies, propelling Nvidia's ( NASDAQ:NVDA ) stock to new heights and igniting a broader rally in the AI sector. Dell's rosy outlook, particularly regarding the surge in orders for AI-optimized servers powered by Nvidia's ( NASDAQ:NVDA ) processors, served as a catalyst for the market frenzy. With Dell's shares soaring to record highs, Nvidia's ( NASDAQ:NVDA ) stock surged by 3.6%, solidifying its position as a dominant force in the AI ecosystem. At $2.05 trillion, Nvidia ( NASDAQ:NVDA ) now stands as the third most valuable company on Wall Street, trailing only behind tech behemoths Microsoft and Apple. This remarkable valuation underscores the pivotal role Nvidia ( NASDAQ:NVDA ) plays in shaping the future of AI-driven innovation. The ripple effects of Nvidia's success were felt across the semiconductor industry, with companies like Super Micro Computer, Broadcom, and Marvell Technology witnessing significant gains. The PHLX chip index itself rallied to a record high, reflecting the widespread enthusiasm for AI-related investments. Nvidia's stranglehold on the high-end AI chip market, with prominent clients including OpenAI, Microsoft, Alphabet, and Meta Platforms, highlights its unrivaled position in driving advancements in generative AI technologies. As demand for its components continues to soar, Nvidia's stock has emerged as the most traded on Wall Street, surpassing even the likes of Tesla. The meteoric rise of Nvidia's ( NASDAQ:NVDA ) stock, which has surged by 65% in 2024 alone, underscores the insatiable appetite for AI-driven solutions and the company's relentless pursuit of innovation. With its stock market value eclipsing that of tech giants like Amazon and Alphabet, Nvidia ( NASDAQ:NVDA ) has firmly cemented its status as a powerhouse in the tech industry. While Nvidia's ( NASDAQ:NVDA ) journey to a $2 trillion valuation is nothing short of remarkable, it also poses challenges and scrutiny. Questions about market dominance, supply chain constraints, and the sustainability of growth loom large as Nvidia ( NASDAQ:NVDA ) continues to chart its course in the ever-evolving landscape of AI technology.
NASDAQ:NVDALong
by DEXWireNews
How much better can things get? Potential double-top.After reporting earnings earlier last week, shares of NVIDIA have been struggling to march higher, and if you wonder how this is possible despite astounding results, here is some food for thought. The tech giant has experienced an unprecedented rally of more than 360% since October 2022, and it is no secret that the revolution in the AI sector has highly contributed to this fact. It did not take long until the talk in the news was all about large corporations investing hundreds of billions of dollars to fund artificial intelligence research and about AI disrupting various fields and reshaping the world as we know it. With this narrative playing out, the tech giant delivered outstanding performance for the second quarter of fiscal year 2024. Its GAAP-calculated operating income was up by 1,263% YoY, net income by 843% YoY, and diluted earnings per share by 854% YoY; then, on top of that, in the third quarter of fiscal year 2024, operating income increased by another 53% QoQ, net income by 49% QoQ, and diluted earnings per share by 50% QoQ. While these are indeed incredible results, more often than not, when things are starting to be too good, the situation starts to beg the question of how much better they can get. Therefore, it is also important to consider the broader economic context. There is an apparent slowdown in multiple sectors outside of technology, like manufacturing, real estate, cargo transport, etc. These other sectors could eventually ripple into the tech industry, impacting overall economic growth and investment. Moreover, replicating the astonishing success of the last year indefinitely is improbable. Market saturation, increased competition, and potential regulatory changes are just a few other factors that could contribute to the normalization of growth rates. Regarding technicals, RSI, Stochastic, and MACD have started to decline in the past few days (on the daily chart), accompanied by the formation of a potential double-top pattern. As these developments are bearish in nature, we are growing increasingly suspicious about the upcoming move in the stock. Consequently, we will be attentive to NVIDIA’s performance in the following days and weeks. Illustration 1.01 Illustration 1.01 shows the daily chart of NVIDIA and simple support/resistance levels derived from peaks and troughs. Technical analysis gauge Daily time frame = Slightly bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:NVDAShort
by Tradersweekly
8
ASML BARR Bump & Run Reversal1D Chart: Normal candle. On the day we look at the course of the Bump & Run compared to the previous TA. ( ) This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”. This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used. What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that. 4H chart: Normal candle On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add. I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
EURONEXT:ASML
by Tims.Technische.Analyse.
ASML BARR + Broadening descending wedge1D Chart: Normal candle. On the day we look at the course of the Bump & Run compared to the previous TA. ( ) This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”. This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used. What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that. 4H chart: Normal candle On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add. I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
EURONEXT:ASML
by Tims.Technische.Analyse.
NVDA with a few options bullish & bearishNvidia has a nice run in October bringing prices to incredible hights. A run like that needs a cool down moment or maybe a correction so no panic no big deal. Bearish scenario: there maybe could be a diamond top pattern in the making so watch out. in case it does keep an eye on break out. when break out we could visit the 0.5 ~ 0.618 fibonacci or even further down ( blue support bar) Bullish scenario: So market cools down in the falling wedge with the given price targets. in case of a bullish pennant this could go even higher. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is no financial advice)
NASDAQ:NVDA
by Tims.Technische.Analyse.
2
$AMD my team is up 35.8%*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: Steadily increasing semiconductor demand due to current shortage will leave $AMD with fat profits during the next few market quarters. My team entered $AMD on 6/10/21 at $81.10 per share. Today we're exiting $AMD at $110.15 per share. My team is up a staggering 35.8% on this trade. Congrats to those who took this trade with us. ORIGINAL ENTRY: $81.10 CLOSING TRADE AT: $110.15 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:AMDLong
by SimplyShowMeTheMoney
3
VZ $65 PT printing ascending channel Verizon is well-positioned for the increasing consumer demand for better networks and services as the company continues implementing its 5G technology, which could be a catalyst putting the company back on the growth path.5G subscriptions are expected to reach 3 billion subscriptions worldwide by 2025. Moreover, the fifth-generation connectivity is expected to drive the market growth of Artificial Intelligence and the Internet of Things (IoT). Internet connectivity is expected to show a fast speed with very low latency.A recent study expects explosive growth in 5G wireless subscriptions in the U.S. over the coming years. The study reads The number of US 5G mobile service subscriptions will increase 161.4% to 41.3 million in 2021, with growth expected to continue at tremendous rates for several years. Great time to get in technically as the VZ is in a clear ascending triangle within a larger ascending channel which has been in play for over a year. Given we are at the lower range of this channel I believe its a great time to pick up some VZ which has proven to be a safe stock that does well in times of uncertainty relative to the market as a whole, and can help bring your portfolio's beta or volatility down.
NYSE:VZLong
by Value-Invest
AMD bullish if it reaches 87Hi Traders! AMD are investors patiently waiting for ER Q2, there is a good chance of a runup before or after earnings. AMD has managed to end the downward trend that started in feb 2021, and are now in an uptrend. From half May until the beginning of July AMD has had a beautiful run and has had a good correction like it should have, and closed just below the new trend line on the 16th of July. Fundamentally AMD has very bullish case in our opinion. Fundamentally very bullish because: - AMD has proven that they are able to handle the chip shortage very well . - Revenue and profit is expected to reach a new high. - Xilinx, acquisition, the deal is now in a final stage. With AMD acquiring Xilinx they are diversifying their portfolio and it allows AMD to enter new markets like the 5G cellular market. Technically: - Trend line is still intact even though it closed below, it has not broken in our opinion, as a retest is very likely. - 200MA support Technically the stock looks okay, not convincing enough to jump in yet, but if price manages to reach 87USD, we expect the bullish trend to continue- That + a positive earnings report can make the stock chase ATH again. If the price goes below 85USD we consider the trend line broken and makes this thesis invalid. Entry: 87USD SL: 85USD T1: 95USD (Re-evaluate after ER and new technical info) Disclaimer: This is not financial advice but made for education purposes only!
NASDAQ:AMDLong
by vf_investment
AEHR Test Systems Price PredictionBen Rabizadeh, founder of storytrading.com, said Aehr Test Systems is his largest position. Rabizadeh is targeting a short-term move to the mid-teens if the stock is able to break through $8 per share with high volume, which just did. Aehr Test Systems could reach $50 by the end of 2021, Rabizadeh said. The stock could trade as high as $100 per share in the next two to three years, he added. (benzinga.com) The volume today was 31Mil from an Average of 4,3Mil
NASDAQ:AEHRLong
by TopgOptions