AMD targets smashed! time for some updates 🔥boost and follow for more! 💜 October 30th I said "good ER report and rally to 100-120 should come quick! nice support here for AMD 🚀"
well that aged like a fine wine! I will clear my previous lines and levels and let you guys know what I am seeing now! stay tuned.
AMD trade ideas
AMD: Targeting HOP Level at $208.051: Holding 3.618 as SupportLast week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar, except its highly contested strike is below it at $170-$175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where then one may consider switching to a Bearish bias.
I will be playing it via synthetic longs and vertical spreads
This is an updated Post after realizing that AMD just filled a gap visible on the daily, I also felt like reposting it on the daily timeframe because after hours activity does not really matter for the options position.
AMD: Targeting HOP Level at $208.051Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar except it's highly contested stike is below it at $175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where then one may consider switching to a Bearish bias.
I will be playing it via options spreads, in a way that gives some credit in order to reduce risks either being a Vertical or a Butterfly call spread though I may increase my risks a bit and go synthetic long.
The 4 Big Earnings Releases For Today (updated later)The 4 Big Earnings Releases For Today
I will update these charts later with there reported earnings and revenue. You can see that NASDAQ:MSFT leads the pack with relative strength.
Premarket Google and Microsoft are showing higher prices whilst Starbucks and AMD are showing lower premarket prices (see orange price bars)
NASDAQ:GOOGL NASDAQ:AMD NASDAQ:SBUX #earnings
PUKA
AMD Update: 01/28/2024I'm sure when I first posted how high my forecast for AMD was most of you scoffed at it. Well, look at where we are now. I still feel we are targeting the 1.382 next @ $193.30. This isn't a requirement though as you can see, we are in the target box. When we hit the top, we will start our wave iv retrace which will bring us to the $150-$160 area before raising again to the low $200's for v of 3. One step at a time though.
MACD has already made a new high for this move up confirming the count. When we do top, I will try to sneak in a couple of puts for the retrace but won't push it. I don't like counter trend trading especially during a wave 3. This week should be interesting to say the least.
AMD Advanced Micro Devices Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD - All Time HighHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
In 2016 AMD broke out of a long term triangle reversal pattern. This breakout was then followed by a pump of +5.000%. After the 2022 pullback of 70%, perfectly retesting previous structure, we are not certainly back to a bullish market on AMD. If we see a retracement back to the structure mentioned in the analysis, I am certainly looking for more long setups on AMD.
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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 taking a breather? I've had quite a bit of success last year with levels on my old pal, AMD but have been ignoring him for the most part as I focused elsewhere.
However, dowsing earlier this week told me to check it out for a short entry at $140. We're there, and it could go a bit higher, but today seems the day to reverse as I repeatedly get a "spike up and reverse down" scenario in indexes and AMD.
I was also told to get a date, which is the 12th, next Friday. Dates are typically reversals, but sometimes nothing I'm aware of.
I think I'm slowly figuring some things out with timing as I'm usually so early. This is a good example. When I asked about a downside target a couple days ago when it said to look short, dowsing gave a price HIGHER! Hence the $140 number and my indication it wasn't time yet, but there will be an opportunity soon. I hope this works out as it could help me with a lot of things. I seem to have more accuracy on AMD for some reason than other stocks, but maybe that's because I focused and practiced with it a lot? Idk.
Watch the time this morning in one hour. 11:40-50 for indexes to begin a roll. My times of day have been helpful lately and I'm sure AMD will follow to some extent. AMD hod atm $140.52
Impressive 88% AMDWhile AMD stock is up an impressive 88% in 2023, Intel isn't far behind, with a 66% jump so far this year. Both stocks outperformed the PHLX Semiconductor Sector index's gains of 48% this year. But if you are thinking of buying one of these semiconductor stocks right now, which one should you put your money on? Let's find out.
AMD vs Intel AMD vs INTEL on a weekly chart NASDAQ:AMD NASDAQ:INTC
you can see the divergence tied to news and developments over the years AMD made faster smaller chips Intel failed to do so then doubled down and claimed they didn't need to make smaller chips The 5-nm debate. Enter AI where AMD has the lead second to NASDAQ:NVDA
AMD still has room to run in this long term channel.
Could AMD miss big on earnings? Cup and HandleI like to explore lots of ideas. This is one that seems unthinkable but hey, ya never know. This is a long-term channel and we've formed what looks like a cup and handle. If earnings disappoints, which it very well could, we may find ourselves making the first leg of that handle very quickly.
What do you think?
AMD UpdateWith the price action we're seeing today and a request from a follower, I wanted to update y'all on where AMD is in the count. As you can tell we are currently on our iii of 3 of v of ((1)). The strength since the Oct lows of last year are a testament that we are in fact in a iii of 3. We have literally almost doubled since that time. If this thing is to continue hitting standard extensions, then we should continue to rise until we hit the 1.236-1.382 @ $176.33-$193.30 before we get another decent retrace. Remember, these are just standard places for this part of the count to end not a guarantee. We would then most likely trek down towards the 1.0 @ $151.99 before rising again towards the low $200 area. MACD seems to support this count at this time and
I would expect it to make another high during this wave iii of 3.
All that is required for this larger count to be considered complete though, is a high above $164.41. Once this count completes, we will spend a LONG time dropping in a corrective fashion for our wave ((2)) of III. Hopefully this helps clear things up for people. Feel free to ask questions and leave a like if this information is useful to you. Good luck everyone!!
AMD Moon Mission or Reality Check? $900?!!Potential Launchpad:
Explosive growth driven by market tailwinds
Valuation gap compared to peers
Technical breakout signaling momentum.
Conclusion:
High-risk moonshot with potential reward, but thorough research and risk management are essential. Diversification and alternatives might be more prudent for most investors.
Disclaimer: This is not financial advice. Do your own research and consult a professional before investing.
AMD AnalysisPrice played out nicely as analyzed last week, giving us a +18.89% move to the upside. As price is currently in an all-time-high scenario, price is more likely to continue higher with the bullish order flow. Of course, we can expect bearish retracement into the bullish order block at 151.05, but the general direction is up.
AMD - continuation patternHi traders
AMD has been in a bullish market.
The price has been consolidating in a falling wedge which is a bullish continuation pattern therefore we expect the continuation to the upside.
3 targets for bulls are shown on the chart.
However, we won't be surprise if AMD will do new all time high .
What do you think? do you agree?
AMD's Soaring Stock: Riding the AI Wave with TSMC in Its Sights
Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) is making headlines as its stock experiences a remarkable 11% surge, riding high on the coattails of Taiwan Semiconductor Manufacturing (TSMC), the world's leading chip fabricator. The recent boost in NASDAQ:AMD 's stock price is attributed to TSMC's bullish signals regarding the robust demand for AI semiconductor production. This surge not only underscores the vital partnership between NASDAQ:AMD and TSMC but also positions NASDAQ:AMD as a significant player in the rapidly evolving semiconductor industry.
TSMC's Impact on NASDAQ:AMD 's Trajectory:
NASDAQ:AMD , heavily reliant on TSMC for chip manufacturing, finds itself on the brink of a potential record high. TSMC's fourth-quarter results, although flat compared to the previous year, exceeded expectations, signaling a positive momentum shift. The crucial role of artificial intelligence (AI) in driving this growth aligns seamlessly with NASDAQ:AMD 's focus on enhancing its position in the GPU market, where it currently holds a second-place position behind industry giant Nvidia.
TSMC's Q1 fiscal year guidance, with a projected 10% increase in sales compared to the previous year, further cements the positive outlook for $AMD. Despite a potential dip in Q1 revenue, TSMC historically experiences cyclicality, suggesting a return to annual sales growth for the company. This, in turn, bodes well for NASDAQ:AMD , reinforcing its status as a key player in the semiconductor space.
NASDAQ:AMD 's Strategic Moves in AI:
While Nvidia remains the undisputed leader in advanced graphics processing units (GPUs) for AI applications and data centers, NASDAQ:AMD is carving its path with strategic investments and innovations. The announcement of a new chip, positioned to rival Nvidia's H100, indicates AMD's commitment to competing at the forefront of AI applications. Analysts also highlight AMD's efforts to improve its AI software, addressing a historical preference for Nvidia's chips over AMD's.
NASDAQ:AMD 's GPU and CPU Focus:
Beyond the AI segment, NASDAQ:AMD 's prowess extends to both graphics processing units (GPUs) and central processing units (CPUs). As the second-largest standalone GPU maker, AMD aims to narrow the gap with Nvidia by securing performance wins and gaining the favor of major customers. Simultaneously, AMD continues to challenge Intel's dominance in the CPU market for PCs and servers, illustrating a multi-faceted approach to market share expansion.
Investor Sentiment and Technical Analysis:
Investors are increasingly bullish on NASDAQ:AMD , drawn by its strategic positioning in the high-performance semiconductor space. The introduction of a chip challenging Nvidia's stronghold and improvements in NASDAQ:AMD 's AI software contribute to the positive sentiment. From a technical standpoint, NASDAQ:AMD 's stock is in a rising trend channel, indicating sustained positive development and growing investor interest.
Conclusion:
As the demand for high-performance semiconductors, driven by AI applications, continues to grow, NASDAQ:AMD stands out as a compelling investment. The partnership with TSMC, strategic focus on GPU and CPU advancements, and positive technical trends position AMD as a formidable contender in the semiconductor industry. Investors eyeing long-term growth and exposure to the AI wave may find AMD to be a sensible addition to their portfolios, with the potential for further gains in the evolving landscape of high-performance computing.