A1MD34 trade ideas
AMD AnalysisPrice playing out nicely as analyzed last week. We get a deeper mitigation of the current bearish POI, and price is showing a strong bearish signal. I'm expecting price to continue lower, potentially invalidating the bullish POI at 108.79, and mitigating the bullish POI at 99.94.
$AMD the 2nd fiddle fizzle?Looking at NASDAQ:AMD , you can see that AMD struggles to hold above $125. This brings up the question, "Will it be able to catch up to NASDAQ:NVDA ?" It appears that more time is needed. AMD remains a solid company with the potential to continue capturing more market share. Although AMD's chips are not primarily used for AI, it doesn't mean the company won't try to enter this race. Meanwhile, NASDAQ:INTC hasn't made substantial progress but continues to hold on to most of their legacy market share. Therefore, I like where AMD stands as it continues to close in on Intel.
Bullish Case - At present, AMD has tested the $125 level twice, suggesting that it is searching for more support. Let's see if AMD can find support and take a third shot at it soon. I see a great opportunity to monitor the levels to determine if we can make a lower high or accumulate below in a consolidation phase before breaking out to challenge the $125 level again.
Bearish Case - Let's be serious, there is a reason for this double top. It's time for it to make a significant pullback. It needs to pull back to the .618 Fibonacci level. Fine, bulls, you are in an uptrend, but enough of the parabolic move—let the ticker breathe.
Conclusion - Being below the CheatCode Swing 0 line favors the bear case to provide support in a commonly targeted area of Fibonacci retracement, yet looking at the CheatCode Squeeze momentum indicates a potential continuation of the bullish trend. This could leas to chop and indecision.
Bullish above $125.39
Bearish below $107.35
AMD - Rising Trend Channel [MID -TERM]🔹Breakout short-term resistance be POSITIVE signal with support at 100 and resistance at 130.
🔹Price increases on high volume and decreases on low volume.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
AMD initial rebound upAMD had a pullback, but may be nearing the bottom and pushing up this week. Just a short TA. We shall see what unfolds here.
$AMD macd bull cross NASDAQ:AMD macd bull cross
i shown here how previously worked NASDAQ:AMD on same spot
AMD put credit spreadmacro: snp500 QQQ uptrend
News: inflation flattening
TA : Break of tight range, and bouncing off 25ema
STOP: rolling till worthless options or firm break of trend
TP: low value per day or expire
risk: earnings on 25th july
$AMD Double bottom??I like NASDAQ:AMD here if it breaks about this line. Possible double bottom has formed. Notice the wicks in the second bottom (to the right), most pullbacks got bought back and closed green. NASDAQ:AMD has some room to run to $126-$129 in a jiffy. Stocks move quick. You need to react quicker. Don't get comfortable. It's ok to be wrong. It's not ok to stay wrong. Cheers to the weekend and I hope you all make money.
Opening (IRA): AMD August 18th 90 Short Put... for a .91 credit.
Comments: Grinding through my single name IV screener to sell premium in high IV single name here, targeting the shortest duration <16 delta strike to emulate dollar cost averaging into the underlying. Here, the top 10 are: SABR, SNAP, TSLA, CCL, META, NFLX, TEVA, AMD, CLF, INTC. I'm already in TSLA, META, and NFLX and some of the others are too small to be worthwhile from a dollar and cents standpoint (i.e., SABR, 3.22/share; TEVA, 7.58).
As usual, I'm perfectly fine with taking assignment of shares, selling call against if that happens, but primarily just looking to augment the amount of theta I have on, since my usual broad market go-tos (IWM, QQQ, SPY) aren't exactly paying buckets in shorter duration.
AMD -> New Major Bullish CycleHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
As you can see on the monthly timeframe AMD stock perfectly retested the 0.618 fibonacci retracement level of the previous bullish cycle and already started a quite nice rejection.
On the weekly timeframe you can see that AMD retested the 50% fibonacci level and also filled the gap which was created a couple of weeks ago so everything is pointing towards more bullish growth.
Finally I am waiting for an entry signal on the daily timeframe - specifically AMD breaking above the current resistance at the $115 area and then I also do expect another daily push higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tight Consolidation in Advanced MicroAdvanced Micro Devices rallied in May and early June. A pullback followed, and now trend followers may return to the name.
The first pattern on today’s chart is the drop toward $107 in late June. That represented a 50 percent retracement of the initial thrust. Holding that zone could validate the direction of the move.
Second is the tight consolidation pattern that subsequently appeared. AMD made higher lows while staying below the May 25 low. The result is a potentially bullish ascending triangle continuation pattern.
Third, Bollinger Band Width narrowed as the pattern formed. Will price expansion follow that period of compression?
Finally, the chip stock touched its 50-day simple moving average (SMA) on Tuesday but closed above it. That may confirm its intermediate-term trend is still bullish.
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AMD: Possible correctionFrom the point of view of working out the 5th wave (a, b, c) by Elliot, we can observe the following correctional values. I would very much like to see inflation rise tomorrow and the beginning of a good downward movement. In any case, we will act according to the situation, it is useless to argue with the market.
Good luck and profit to all✅ Like and subscribe if you liked it.
AMD potential $104.80After ALMOST getting to the d-target around Mar/Apr AMD backed all the way down to the re-entry trigger at $83.15. A successful reentry at this point would have allowed you to already exit 1/2 of the position, leaving your with a risk free attempt at $104.80.
Our strategy here would be to sell the next 1/2 at $97.58, locking in your profits. This will allow 1/4 of our original investment to ride either to $104.80, or if you want to risk the moonshot we can wait and see if it blows through the d-target on the way to a larger target.
AMD update wave D of triangle is completed , wave E is forming , and after that we expected new high
Wave Plotlooks to be in the early stages of wave 3 here - Expect prices to start climbing rapidly - this might be the last correction worth buying tbh (not saying it's finished but it could be) Overall it won't matter.
AMD Chart Reading - 7.9.23Howdy Traders!
This is just another super-short chart reading. In this case, NASDAQ:AMD is creating a parallel channel (blue one) within a larger parallel channel (the green one). The green channel has been valid since last year since it's really long term, and the price respects it. If NASDAQ:AMD breaks out of the blue channel upwards, then it will be tested by the green channel before continuing on higher. If NASDAQ:AMD breaks downwards, then it will most likely continue to drop.
This chart pattern has a value of $8.63 (about a 7.3% move). This means that if it breaks upwards, you add $8.63 to the price of where it broke-out to create the price target, and vice versa.
Bona Fortuna!
AMD short Idea for JulyI will be looking to short this stock and will target 40-60 level . Let me what do you think
AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: in the previous update, I had AMD in wave (x) of (IV) and had 117.5 as my target. Later, we expected a third zigzag in wave (IV) with a price target of 104.73 expected sometime in the middle of July (~19th).
Update: AMD followed the proposed structure perfectly and peaked at 117.66.
Now, we are in wave c of (z) of (IV) and I have the same price/time target for wave (IV) bottom as before.
AMD in a wave four (4 hour)Looking at the 4 hour chart of AMD I believe we have just finished wave three and now entering wave 4 with about a max upside of 8-10%. With the fib extension, we can see that we have hit the target for a wave three to end ( which is 1.618). We see that we have hit that target and have some upside coming before finishing off more downside in wave five.
AMD looking bearish- If AMD can't break above W2/B wave fib levels then we are headed for a steep and long decline before we experience another bull run. We saw rejection at the level for a W2/ B wave which then leads us to a W3 or a C wave. We can see this stock in the $50 price range in a blink of an eye.
I would not be a buyer as of now for AMD.
AMD | JULY - W3 | Bullish $122 CallingAMD is likely to to get drive for the bulls. Expecting the target of $122.
AMD AnalysisPrice consolidated since my last analysis. Price mitigated the bearish POI at 132.83 as expected and gave a 6.25% bearish move. No changes to my expectations, I'm expecting price to continue lower, potentially to mitigate the bullish POI at 99.94 next.
AMD SHORT It's bear market time, don't believe in miracles and make money today. We must be able to adapt to the situation and the market, and not blindly believe in eternal growth. Don't thank. All profitable trades.
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