AMD Wedge forming - Trade ideaAMD$ Nice consolidation. Could break soon. Trade idea on both sides.
***NOT A FINANCIAL ADVICE ***
AMDD trade ideas
AMD breaking outhi traders
The price created the downsloping channel and we are getting the breakout right now. The breakout is just happening so the long position can be taken now at 165$.
We are expecting the uptrend to continue.
The technical target for this formation is at 225$ which is corresponding with the previous ATH.
The higher low shown on the chart confirms our bullish bias therefore we don't expect this breakout to turn into the fakeout.
Stop loss: 132$
Good luck
AMDReclaiming 168.55 we can see a run up for earnings. Otherwise if we pull back before earnings I would be long.
$AMD will just start a rally!!!
AMD is moving in a bullish channel, and just has retested the previous downtrend line.
The green candle of yesterday signals that the price is supported, and will start to go bullish!
as far as i'm concerned, I will place my buy order at this area.
$AMD will just start a rally!!!
AMD is moving in a bullish channel, and just has retested the previous downtrend line.
The green candle of yesterday signals that the price is supported, and will start to go bullish!
as far as i'm concerned, I will place my buy order at this area.
AMD Massive Run ImminentAMD's 20-day SMA is about to cross below its 50-day SMA. This might be viewed in a vacuum as bearish and when AMD has been trading below its 20-day when this crossover occurs, it has led to lower prices and a continued downward trend. However the few times it was trading above both averages when the cross over occurred, the stock went on huge runs including a 150% run and an 80% run.
My guess is this will play out like it has historically barring a general market debacle. Long AMD.
AMD: 4H Golden Cross is the best buy signal you can get.Advanced Micro Devices may be having a noticeable correction that turned the stock back to neutral both on the 4H and 1D technical outlook (RSI = 54.728, MACD = 5.610, ADX = 40.223) but it just formed the strongest bullish pattern of all: a Golden Cross on the 4H chart. In the past 2 years we've been given another two 4H Golden Crosses and both turned out to be the utmost bullish validation for enormous rallies, which in both cases extended at +141% from the bottom. We expect another such run and now we have the best confirmation (TP = 290.00).
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80% gains AMD/NVDA Pairs Trade: Best Level to BUY/HOLD AMD🔸Hello traders, today let's review 4hour price chart for AMD.
Price structure is bullish inverted H*S setup with reload zone bulls
near 150 usd, currently expecting rejection near overhead resistance.
🔸AMD is trailing behind NVDA so far this year, YTD gains of 17%, NVDA
YTD gains at 167%. AMD is trailing behind NVDA massively and expecting
mean reversion / catch up trade later in 2025. AMD market cap sits
at 250 bln USD so it's an easy double from here. Fair value for AMD
is 500 bln USD, NVDA is valued at 3 T right now, which is massive.
🔸Recommended strategy bulls: Bulls wait for rejection from overhead resistance to confirm IHS setup / near 175 usd and wait for pullback/correction into mirror S/R level at 150/155 USD. BUY/HOLD setup, SL fixed at 125 USD TP1 is 250 USD TP2 is 300 USD in 2025. This is a swing trade setup with 80%+ upside potential, naturally more patience required to hit targets.
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AMD breakout possible buy opportunity#AMD #NASDAQ
break above flag pattern, potential heading higher towards 225 area as long it can stay above 162 area. If drop below 162, be careful.
(My personal opinion, not financial advise)
Top 5 Weekly Trade Ideas #5 - AMD BreakoutNVDA has been on a big run after its triangle breakout and doesn't seem to be slowing down yet. AMD has been on a run of its own and just broke out of the downtrend that started in March at ATH. It has also already came back for a retest and held.
First target will be the previous high from July around 187. Second target is near ATH around 215. A rejection and fakeout wouldn't be a good look, but it still has to go all the way back down below 133ish and make a lower low to be considered long term bearish.
AMD set to gain I'm eagerly anticipating AMD's Advancing AI Event. If the event reveals any information that could spark investor interest, I'll be purchasing the stock with a target price of $230. Any gains beyond that will be a bonus.
AMD - 4h - RSI DivergenceAMD Shares Alert: Potential Decline or Fakeout?
Advanced Micro Devices Inc. (NASDAQ: AMD) could see its shares drop to $150.00, with a divergence on the Relative Strength Index (RSI) suggesting a decline.
However, this could also be a potential fakeout from the asymmetric triangle pattern recently detected.
Keep an eye on this critical support level!
AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg:
Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back.
The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities.
Our Target is intact at $295.00.
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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.*
$AMD thank you so much for the LikesNASDAQ:AMD thank you so much for the support!
I successfully tripled a small account on this trade and
I'm still holding my target remains at 230🎯
I'm gonna give you guys a new plan for another multi bagger
❤️ if ur down
AMD LONGFollower requested AMD analyze! if you want also you can DM.
This week we retested and succeeded ! next target would be 180-185 range.
expecting a small pullback when reaching 180 range and should reach the upper range 200$.
Next update when we reach 180$ range, our first target and test to see if we will continue up or fail !
TARGET 1 : 180$ area
TARGET 2 : 200$ area
* will update if there is any change in sentiment of the structure
* for any question drop them below, and HIT THE FOLLOW BUTTON
AMD completed multiyear Cup and HandleNASDAQ:AMD AMD completed a multiyear cup and handle. Last Friday it closed above the handle's descending upper channel. Right above is a gap which, after filled, would also be the first test of the 50% fib. Close above the 200d ma and 5 and 10d ma crossed the 200. 20 and 50 still need to cross, but two or three green candles will do the trick.
$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
Calls over $171.21, with targets at $177.55 and $185.
Puts under $164.42, with targets at $162.58 and $154.49.
Let’s stay sharp and position ourselves for what could be a pivotal moment for NASDAQ:AMD this week. Cheers.
Breakout in amdAMD breakout stop loss below the trend line those who didn’t take at lower price level
$AMD - gap fill from $170 to $177 AMD - Gap to fill to the upside from $169.56 to $177.27. Stock strong on indicators. earnings end of the month. should see strong momentum.
Advanced Micro Devices, Inc. | Chart & Forecast SummaryAdvanced Micro Devices, Inc. | Chart & Forecast Summary
Key Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
AMD: If you fly, I buy. Go ahead and drive!Pattern & Technical, either way its a solid company. Intended to provide gradiant coloring to indicate volume of buying as it goes down to go back up.
Smile = a good investment
Brain = a best one yet.
AMD - 1W - RSI BreakoutOne of the most promising setups in the semiconductor space as we head into this week.
The price is tightening within a symmetrical triangle, signaling potential for a strong move.
With the RSI already breaking out, momentum is picking up, adding to the bullish bias!
