AMD Set Up For A Short PullbackI had AMD on my Anti watchlist but, after it failed to push higher it broke a new low. This caused a bearish imbalance and setup us up for a pullback in the downward direction.
AMDD trade ideas
Red Redemption: AMD Signals Bearish Reversal!The AMD (Advanced Micro Devices Inc.) 1-hour chart shows that the price broke out above the 200 moving average, and now it's testing the HL (162.00) level. These breakouts could lead to a more significant downward trend. I expect some bearish action, and the area below the moving average should act as a strong resistance level for the price.
bullish LTF, bearish HTF4h - still within bearish internal range
tomorrow I am looking at bullish towards the 15m FVG and then price could continue upside or go downside towards the 2h first low area to clear out sell side liquidity for the rest of the week.
1h WIP bearish H&S
AMD is still in a downward regressionSince peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correction
or moreover:
it broke its super uptrend and is now in a downtrend
the latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141, which is too much, surely more than fibo 0.5 of wave 1, wave 3, hence - downtrend, not just a correction
anyway, it is trading in a downward regression channel and every time it attempts to rise, it falls notably with an engulfing red candle, or three red candles, or gaps down like on a post Q1 earnings day.
I think there is a demand zone highlighted in green. After earnings it gapped down, I traded long 145 -> sold 154 and now would consider to wait when it falls again to the bottom of the regression channel, or to the green demand zone to open a new long
More broadly on a monthly chart it suggest the mega correction to end in the area of fibo .5 i.e. at 140, or fibo .62 at 125...
long term is bullish! GLTA
AMD REMAINS BELOW THE KEY LEVEL, SIGNS FOR ANOTHER DIPAMD is still below the key level following the bearish breakout detected on the channel. We anticipate a continuation of the bearish trend, possibly retesting the key level at the bottom.
AMD move tired of downToo few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move....
To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ after any 1Q report that will be probably considered as week.
For the moment is my opinion, it looks like this.
Remember: those who don't support Belarusian and Ukrainian freedom fighters will not make it in the stock exchange anyway...
AMD - Possible longs holdingShort term I want to see AMD hit the BSL at $162
Holding above $162.50, I want to see us invert the 4hr bearish FVG at $164 be inverted to carry us higher to $192 long term
AMD: Holding Above Weekly Support Targeting $180-$232AMD on the Weekly is showing Potential MACD Hidden Bullish Divergence above the Weekly Support floor and the previous 0.886 Resistance. If it plays out there is room all the way up to $232.37 that AMD could go for.
AMD - slow and steady selloff. DId it find bottomyet?AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD.
For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply.
This all stands in the way for the stock to really fly.
I'd like it above 180 even 190 to feel like I've more runway.
For investment, check valuation. Different story.
AMD - Is the potential still there?After Q-reports, Will AMD close the Gap & Continuate to 150 moving average?
Is the positive potential still there?
Only an idea and not a recommendation for trading!
We expect a bounce off the 200 day SMA currently sitting at $138We expect a bounce off the $136 upward green sloping trendline and also we might bounce off the 200 day SMA currently sitting at $138 🔎
NASDAQ:AMD has fallen nearly -40% off its all-time highs.
Will you be going long?
$AMD who listened and followed me :)Ive been saying this since last week.
Welp, there she goes.
only will go lower from here til earnings
$AMD - simplified. BEARISH "for me/imo"Here's my new assessment for our beloved NVDA's kid.
Retested Neckline for a beartrend.
market structure overall was bullish for a while - SPY/QQQ broke and had a trend change but AMD still on the verge of melting down.
MACD- RSI no signs of strength
🔍💼 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 📉💼
"Entry point support line""Key points to observe for profiting from a downturn: If the price drops below Support Level 1, it's a point to enter for profit from the decline. Support Level 2 serves as a profit-taking point if the candlestick falls to it."
AMD Stock Down 9.6% as AI Chip Forecast Falls ShortAdvanced Micro Devices Inc. ( NASDAQ:AMD ) is grappling with investor disappointment as its projection for artificial intelligence (AI) chip revenue fails to meet lofty expectations, triggering a notable decline in its stock price. The chipmaker forecasted revenue of about $4 billion for its MI300 lineup, an increase from previous estimates but below analysts' more optimistic projections, which had reached as high as $8 billion.
AMD's AI accelerators are designed to compete with offerings from Nvidia Corp., which currently dominates the lucrative AI chip market. Despite being regarded as a leading contender in this space, NASDAQ:AMD is encountering challenges in ramping up production to meet demand, a sentiment echoed by CEO Lisa Su. Supply constraints are inhibiting the company's ability to fully capitalize on the burgeoning AI market.
The tepid forecast extended beyond AI chips, with NASDAQ:AMD also providing a subdued revenue outlook for the current quarter. Sales are expected to reach approximately $5.7 billion, falling slightly short of analyst estimates. Weak demand for chips used in video game hardware has contributed to the subdued growth trajectory.
The disappointing forecast comes in the wake of a lackluster performance from rival Intel Corp., which anticipates sluggish demand in the first half of the year. Despite projecting modest growth in the current quarter, NASDAQ:AMD faces stiff competition from Nvidia, whose data center business continues to outpace its rivals.
While supply constraints are expected to ease later in the year, they are likely to impact AMD's performance in the near term. In the first quarter, the company reported earnings of 62 cents per share, exceeding estimates, and revenue of $5.47 billion. However, revenue from its PC chip division slightly surpassed expectations, while gaming-related revenue fell short.
Investors had previously fueled a rally in AMD's stock on bullish expectations for its AI prospects, but recent developments, including the announcement of a next-generation Nvidia chip, have tempered enthusiasm. The company's competitive landscape includes not only Nvidia but also Intel, particularly in the server and PC processor markets.
Technical Outlook
Advance Micro Devices ( NASDAQ:AMD ) stock is down 9.6% as at the time of writing trading with a weak Relative Strength Index (RSI) of 32.43 putting itself in a position of an oversold region. Traders ought to be careful incase of a trend reversal.
Short Opportunity AMDBearish P03 on AMD, breaker block confirmed, I don't think the price will go back much more as a lot of liquidity was taken, I'm targetting the downside liquidity.
4/30/24 - $amd buyer into print4/30/24 - vrockstar - obviously expensive but the EPS growth allows to make up whatever multiple. one of few co's that is probably minimally 2 yrs away from whatever nvda is putting out and has capacity to absorb something similar (e.g. groq) or partner w/ someone else. think the narrative on semis remains strong/ bid and any beat here will be a rip and stick. any dip is probably bought bc hard to understand why the guide would be something -ve. buyer on this print b/c of the give back and similar levels to last results
AMD reports for LONG?AMD reports 30-April: Popular stock + Above the average line 150 + Chip field is "HOT" + Fibonacci retracement. Is it possible to climb 42% to all time high? Only an idea and not a recommendation for trading!
