Man Oh Man $AMD idk it just feel like NASDAQ:AMD is up to something and over that trendline break NASDAQ:AMD can go to 120,122 and on the weekly there's a nice support around 100 area.
AMD trade ideas
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices.
Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside.
With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
AMDMiddle of no where inside major trend setup here...
Minor trend is showing a bullish broadening wedge which we closed at the top of Friday. We also closed right at our 50sma .. Any breakout over 110 and i like the long to 116. If we reject 110 my first pullback target is 107. If we break below 107, we'll head back to 100
I leaning short here for 2 reasons.
1. I expect the market to pullback this week.
2. SMH (Chip sector) slammed into prior support that is now resistance
But if this is indeed a broadening wedge pattern, this dip or pullback will be the last then the breakout comes next.. things only get really bearish below 95
AMD FORECASTAMD Financial Summary
Advanced Micro Devices, Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 6,550 million compared to USD 3,850 million a year ago. Net income was USD 447 million compared to USD 710 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.58 a year ago.For the six months, sales was USD 12,437 million compared to USD 7,295 million a year ago. Net income was USD 1,233 million compared to USD 1,265 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 1.03 a year ago.
A OR B
Im still bearish so B for now despite intraday showing bullish moves
SENNA SEASON
AMD looks to favour longsAs long as $107.82 holds, Next targets would be $113.46,$116.97,$119.81, $122.70.
Below $106.50 target would be $102.18,$100.18
$AMD yieaahAMD wanting to take another shot at the top of the channel. Refueling the jetpacks at the mid point of the channel.
Let's not lose the mid point though.
yieaahh.
AMD AMD has a good chance of breaking outs its bull flag/Wedge the next coming Weeks. PA is getting more and more boxed in. nothing is confirmed enter the pullback not the breakout.
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 / Long / 1DAMD has been lagging behind its semiconductor big brother, NVDA. Here we have an elliott wave count which would imply a macro impulse wave to the upside. Should we break through the resistance in this continuation price pattern, it would be worth taking a look at your entry parameters to see if AMD is presenting a long entry for yourself as it seems AMD has the potential to break higher to all time highs and potentially above.
AMD Swing TradeLooking to enter Calls at $100 area (demand)
Hoping to enter prior to NVDA earnings release on Aug 23rd.
AMD is set to rise for the bullish wave Hi there,
AMD is about to end its correction and ready to bounce back for the bullish run again.
Watch price action on lower time frame and look long.
Good Luck
AMD: $132 Price TargetReally love this range on AMD, strong wick at the bottom and confirmed the uptrend by breaking equal highs. If market is going to continue the move up, we've at least got to see $132 again in the short-medium term future. With earnings in late October, now seems like a good time to buy before a potential run up.
$AMD - Bounced from supportNASDAQ:AMD The price has bounced from the neckline retest. The MCAD is about to cross over bullishly. If the price can get above the POC resistance of $110-$112, it could reach $130.
Targets:
$112
$120
$130
Downside Risk:$99 - $96
Here is the significance of each level:
$110-$112: POC resistance
$120: Key resistance level
$99-$96: Key support level
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AMD: Is the bear ready to reemerge?Large corrective wave to the upside looks ready for completion. Please see posted chart below for explanation.
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!
Long: AMD setting up to retest previous highMACD appears to indicate overbought sentiments are coming down. Charts show that approx 10 calendar days is likely to have AMD to retest the last previous high at about 103 on 21 March.
With 200 day/week crossing, it does look like AMD will setup for a bull run eventually.
Rug about to be pulled from underneath $AMD - Target ~ $75I believe I've spotted a very obvious sign of weakness per Wyckoff distribution theory in $AMD. Price target is $75. I do not have a time horizon but let's just say when the rest of the market sells off, I have an idea of where NASDAQ:AMD is going.
Full disclosure, I'm not a profitable trader and I'm relatively new to trading. But my best trades/entries have been during the times I've been fortunate enough to spot this setup--signs of weakness in a Wyckoff distribution.
Price target is based on previous failure where NASDAQ:AMD failed to make a lower low.
Good luck and happy trading!
AMD AnalysisPrice played out exactly as analyzed last week too. Right now, price is trapped between the bullish and bearish OBs. For price to continue either direction, we should wait for the OB to get invalidated before we look for a confirmation on the direction it's going. I'll stay out of this pair for the time being if I'm trading.
AMDAmd short coming together nicely, If it pops back up with the triangle support im looking to get in shorts as close to 111.33 as possible. Any break above that would invalidate my short, and I would cut my shorts and try again at 113 area.
Entry for Short would be,
Entry - 111.33
Stop Loss - 112.47
Target 1 - 104.30
Target 2 - 99.51
Target 3 - 89.81
AMDAMD is currently trading right above the golden pocket and trendline. This confluence is very bullish in my opinion after a massive selloff, in the past few days.
A long here wouldn't be a bad idea IMO but make sure to use proper risk management.
#ManageYourRisk
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Retest previous resistanceThe price is bullish in an impulse wave, and it is currently retesting the previous peak, and then rising again to make a new peak for the shaded area
