AMD 2023-2024 PROJECTIONAMD short-term and long-term.
AMD is in a down-trend channel, it needs to break and keep the support to go to the targets.
If AMD doesn't respect the support it is very probably to look for the bottom of the channel.
AMD trade ideas
AMD Entry, Volume, Target, Stop, ResistanceEntry: when price clears 130.79
Volume: with daily volume greater than 98.9M
Target: 165 area
Stop: depending on your risk tolerance; 119.40 gets you 3/1 Risk/Reward.
Resistance: 133 area, 141 area, 152 area, 157 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Amd bounce ?Today Amd closed the gap on the daily chart also bouncing on the 35 sma
1 st entry at gap close
#AMD staddle detected! Trade Notional Value- 2.6$M BIG MONEY likes this plan and we can watch them and use support and resistance levels as ways to get in.
Our team studies the options market and how it affects stock prices. Stay tuned!
#AMD straddle detected! Notional value - 2.6M$A trader who has a STRADDLE will open a long position at a support level or a short position at a resistance level safely.
He will not lose money if the market goes in the opposite direction.
BIG MONEY likes this plan and we can watch them and use support and resistance levels as ways to get in.
SHORT to AMDIn technical analysis, there is a chart pattern that is called "Bearish abandoned baby"...
As we can see in the graphics 1D, the baby patter has been configured.
So our entrance could be at 117.14
The take profit could be at 108.5, where we can say that the gap up did it a few days before have been filled.
AMD Gap entry approachesAMD flirted with the gap today outlined in yellow rectangle. Ideally the 20 Day SMA just became a, point of resitance-a as we enter this gap play. Take note of the indicators below. TTM Wave shifting negative, DMI- turning upwards, ADX overlay also in play. We had a Doji Day, Tug of war galore. Ultimately sellers won out. I am wondering, due to analysts recent repots, if people are considering dumping AMD for NVDA, as NVDA has had even more epic (yet unrealistic) rise. I think AMD gap play is here, let it fill by end of week.
M Pattern2nd peak is slightly higher than the 1st peak.
Could be a Shark and the 4th leg can terminate at the .886 or the 1.113.
Time will tell and a lot depends on market sentiment.
No recommendation
AMD -> Almost Ready For Another PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD just recently perfectly retested and already started to reject a major previous weekly structure zone at the $130 level.
You can also see that the next weekly support zone is at the $100-$105 area - I definitely do expect AMD to retest this support before I then do expect some bullish rejection and an overall continuation of the underlying uptrend.
On the daily timeframe you can see that AMD just created a beautiful double top formation which is a classic bearish reversal pattern so there is the possibility that we will first see more downside to retest the $105 support before we will then see a bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD to $140 very soon - AI Bubble WaveAMD I expect to see a move higher to $140 in he coming weeks. We have closed the gap and now I see us finding support at the 50 day EMA which will lead to a reversal back to the swing highs and beyond.
This is a AI bubble which has only just begun... many of you reading this may not agree with many valuations including AMD, however I would encourage you to ride this AI wave as you can make a lot of money from it as it still has a long way to go.
AMD to close its gap?Advanced Micro Devices - 30d expiry - We look to Sell a break of 115.68 (stop at 122.08)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
We have a Gap open at 25/5 from 108.27 to 117.31.
A higher correction is expected.
We are trading at overbought extremes.
In our opinion this stock is overvalued.
Our profit targets will be 100.68 and 97.68
Resistance: 125.00 / 132.83 / 135.00
Support: 115.80 / 108.00 / 102.00
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What is emotion in trading?Emotion in trading refers to the psychological and emotional state of traders that can influence their decision-making process and trading behavior. Trading can be a highly emotional endeavor due to the inherent risks, potential financial gains or losses, and the pressure associated with making split-second decisions in dynamic markets.
Some common emotions experienced by traders include:
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2 | Fear: The feeling of anxiety or unease about potential losses, leading to hesitation, over-caution, or selling trades prematurely.
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4| Frustration: The feeling of annoyance or impatience due to unexpected market movements or unsuccessful trades, potentially leading to impulsive decision-making.
5| Overconfidence: Excessive belief in one's trading abilities, leading to taking on higher risks or neglecting proper risk management strategies.
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These emotions can significantly impact trading performance. Emotional decisions may deviate from rational analysis and objective strategies, potentially leading to poor trade execution, excessive losses, or missed opportunities.
Successful traders aim to manage their emotions effectively by adopting a disciplined approach, implementing risk management strategies, maintaining a trading plan, and cultivating psychological resilience. They strive to make trading decisions based on logic, analysis, and adherence to predefined rules rather than being swayed by momentary emotions.
Spotting Market Reversal by FrogAlgo🗣️ Predicting market reversal is one of the most challenging tasks trader are faced with day by day. These indicators and patterns can handle the initial steps for you. Spotting Market Reversal by FrogAlgo 💥
I. The Spotting Market Reversals is made up of two main phases
1) What Indicators for spotting market reversal
a. Oscillator TSI
b. SMAs (20,50,200) and EMA200
c. Coloring Candles
2) Identifying the current patterns in market
a. H Pattern (Double Bottoms) or Inverted H Pattern (Double Tops)
b. SMAs | EMA200 Support or SMAs | EMA200 Support Resistance
c. Gap-Up (Oscillator) or Gap-Down (Oscillator)
d. Side-Way Candles + SMAs | EMA200 Support or Side-Way Candles + SMAs | EMA200 Resistance
II. Spotting Market Reversal consists two parts:
1) Market Reversal (Bottom) for Long :
2) Market Reversal (Top) for Sell :
Explanation:
1) Market Reversal (Bottom) for Long :
a. Oscillator in GreenZone → SMAs | EMA200 Support
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b. Oscillator in GreenZone → H Pattern (Double Bottoms)
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c. Oscillator in GreenZone → Gap-Up (Oscillator)
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d. Oscillator in GreenZone → Side-Way Candles + SMAs | EMA200 Support
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2) Market Reversal (Top) for Sell :
a. Oscillator in RedZone → SMAs | EMA200 Resistance
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b. Oscillator in RedZone → Inverted H Pattern (Double Tops)
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c. Oscillator in RedZone → Gap-Down (Oscillator)
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d. Oscillator in RedZone → Side-Way Candles + SMAs | EMA200 Resistance
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AMD Bearish Short TermTwo weeks ago, I published a bearish trading idea on NASDAQ:AMD saying that I would go short if it broke $115.80. Apparently it didn't break, so didn't take any trades. Here is the link to that post:
This week, we have an interesting scenario. Its a double top on daily chart and an outside bar. Additionally there is a divergence on stochastics. On weekly chart its a failed 2U. Its seems overextended and stochastics is overbought.
Idea is to go short at low of Friday's candle ($119.90). This will trigger a 3-2D on daily and a 2U-2D on weekly. Target could be at least $115.
$AMD Pullback with Bounce TargetsAMD has been on a pretty strong rally for the past few weeks. However It has broken down out of an ascending triangle pattern after double topping the 130 level. There's a solid support level at 116.8, but with the big rejection of 130 and a big red day of momentum Friday, we could see it test the gap fill of 108.4 before moving higher
AMD WEEKLY ANALYSIS after the rejection of the price at the resistance level we will see a reversal to fill fvg
AMD AnalysisPrice played out nicely as analyzed. Price failed to mitigate the bearish POI at 156.73, but reacted strongly to the downside, potentially heading towards the sell-side liquidity at 116.60 next. Once target has been taken, price could potentially go lower to fill the fair value gap, as well as mitigate the bullish POI at 108.79 before deciding to go higher.
AMD Weekly Harmonic Elliott Wave AnalysisOverview: in my previous update published on Jun 10th, I had AMD in wave III of (c) of V of A of (5).
Update: I am doing a bit of relabeling to AMD and I see this name in wave (IV) developing as a double zigzag. When we break out of the hourly descending trendline, it is an indication that wave (V) has started.
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