AMD will be bullishA great status with monthly FRACTAL confirmation ...
My first target is $280 and the rest will be History ...
AMD trade ideas
AMD introduces new MI325X AI chip, enhancing AI infrastructureAdvanced Micro Devices Inc. (AMD) has announced significant advancements in its processor architectures, including unveiling the new CPU, NPU, and GPU processors designed to power AI infrastructure from data centres to PCs. The highlight of the announcement was the introduction of the AMD Instinct MI325X accelerator, which boasts advanced memory capacity and is slated for release in Q4 2024.
In the future, AMD's roadmap includes the AMD Instinct MI350 series, which will incorporate the next-generation AMD CDNA™ 4 architecture expected in 2025. This new series promises up to 35 times better AI inference performance than the current AMD Instinct MI300 series with AMD CDNA 3 architecture. Additionally, AMD plans to continue its innovation streak with the CDNA 'Next' architecture for the MI400 series accelerators, for release in 2026.
In terms of investment opportunities, let's analyse the technical aspects of Advanced Micro Devices Inc. (NASDAQ: AMD):
On the Daily (D1) timeframe, AMD's stock has formed a resistance level at 174.55 USD and support at 157.90 USD. Although an uptrend is beginning, the stock is testing the support line. The next target could be 140.50 USD if the stock enters a downtrend.
However, if the uptrend resumes and breaks through the resistance at 174.55 USD, the short-term target is 203.30 USD. If the upward momentum continues, the price might rise to 227.70 USD for a medium-term investment strategy.
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AMD Unveils Ryzen 9000 Zen 5 CPUs: Up to 16 Cores, Enhanced PerfAMD has officially announced the highly anticipated Ryzen 9000 Zen 5 desktop processors, set to launch in July. The flagship Ryzen 9 9950X features up to 16 cores and offers a 16% average IPC increase over its Ryzen 7000 predecessors. These new CPUs bring significant architectural enhancements, including improved branch prediction, wider pipelines, and increased AI performance. Additionally, AMD introduces the X870 and X870E chipsets, supporting PCIe 5.0 and USB4. The combination of powerful new processors and advanced chipsets marks a substantial leap forward in desktop computing. Stay tuned for more updates as the launch approaches.
AMD hits all lower targets and pull back, so now what?We hit all lower targets on the pullback, so I bought AMD for the 1st time in a long time after we started to rebound again. I am hopeful of higher prices and we have a nice bull flag here as well. Not financial advice, DYOR.
AMD possibly $250 before September 18, 2024. ER Coming July30AMD weekly and monthly charts all show no reason to go down. I'm taking any red as a discount, do your research. Not sure myself how earnings will be, but I'm not betting against AMD as I'm bullish.
NFA - only thoughts, boost if its a good one
Trend continuation in $AMDAfter correcting the previous big rise, the stock has formed an inverted Shoulder-Head-Shoulder pattern that has broken out to the upside. Both in the daily and weekly timeframe it is above the SMA 30 and a crossover of averages can be observed in an oversold Stoch RSI in the weekly timeframe.
In favor and accompanying the trend we have the reference index NASDAQ:SOX at maximums, although we must keep an eye on the divergence that has formed in the weekly RSI.
Elliott Wave Analysis on AMD Suggest a Double CorrectionShort Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave ((a)) ended at 168.75 low and wave ((b)) bounce ended at 171.51. The stock extended lower in wave ((c)) towards 162.91 which completed wave W.
The market rallied starting wave X also taking the form of a double three Elliott Wave structure. Up from wave W, wave ((w)) ended at 168.75 and pullback in wave ((x)) ended at 164.00. Wave ((y)) higher is in progress. We are looking a bounce in 3 swings to 169.88 – 173.51 area to end wave ((y)) and also wave X connector. Near term, as far as pivot at 174.56 high stays intact, expect the stock to extend lower.
Looking Bullish soon for AMD! 🔉Sound on!🔉
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AMDs retracement might come to an end soon. Watch closely.The last retracement to the downside was about 30%. This has been completed.
- The 3 Lines (Long, middle and lower trend) are almost on the bottom.
- The RSI is forming a bullish div on the last move.
- A green bullish signal appeared.
- Price came outside of the BB and closed back inside.
Many indications that the downtrend might come to an end soon or has already.
I keep an eye on it.
W1 Analysis of AMD NASDAQ: A Technical and Fundamental Approach📈 Macro-Economic Fundamental Analysis 🌎
In the current global economic landscape, we see a mixed bag of indicators. The U.S. economy has shown resilience despite the Federal Reserve's ongoing interest rate hikes aimed at curbing inflation. Globally, geopolitical tensions and supply chain disruptions continue to create uncertainties. Despite these challenges, sectors like technology have demonstrated robust growth, driven by innovation and increased demand for digital solutions. AMD, being a prominent player in the semiconductor industry, stands at the intersection of these macroeconomic trends.
🔍 Technical Analysis: Modern Elliott Wave Theory 📊
Using Modern Elliott Wave Theory, we can delve deeper into AMD's price action. The analysis reveals that since March 4, 2024, AMD has entered a corrective phase characterized by a combination of zigzag and flat patterns, indicating a potential reversal. This phase has been crucial in setting the stage for the next market movement.
🔄 Corrective Phase and Reversal Patterns (March 4, 2024) 📅
The corrective market that began on March 4, 2024, has shown a mix of zigzag and flat formations, which are typical in Elliott Wave Theory when a market is poised for a reversal. These patterns suggest that the previous bullish trend was undergoing a necessary correction to prepare for a new phase of market activity.
🚀 Emergence of a Bullish Market (Since May 13, 2024) 📆
Starting from May 13, 2024, there has been a gradual emergence of a bullish market. The slow but steady rise in AMD's stock price points to increased investor confidence and a potential uptrend. This transition marks the end of the corrective phase and the beginning of a new bullish cycle.
📊 Key Takeaways:
Macro-Economic Factors: Resilient U.S. economy, global uncertainties, robust tech sector.
Elliott Wave Patterns: Combination of zigzag and flat since March 4, 2024.
Bullish Signals: Gradual rise in stock price since May 13, 2024
AMD Set for Major Processor Launch As it Grabs 33% of CPU MarketAdvance Micro Devices ( NASDAQ:AMD ), a leading player in the server CPU market, claims a 33% share. The company is preparing to launch its next-gen "Turin" processors and unveils a GPU roadmap following the MI300 product line. NASDAQ:AMD 's CFO, Jean Hu, highlighted the company's growth in servers, CPUs, and GPUs, highlighting partnerships with Microsoft and strong double-digit growth in server CPUs and desktop/laptop segments.
AMD's strategic focus on power efficiency and cost-effectiveness makes it a compelling choice for enterprises facing power and space constraints. Notable clients like American Express, Shell, and STMicroelectronics are transitioning to AMD-based infrastructure. NASDAQ:AMD plans to launch a next-generation AI PC in the second half of the year, potentially refreshing the PC market. The company also sees long-term growth potential in the embedded processor market through synergies with Xilinx.
NASDAQ:AMD 's performance in the desktop and laptop markets is also highlighted. Analysts expect NASDAQ:AMD and peers to drive semiconductor industry optimism after their earnings beat, but caution against AMD's MI300 supply constraints, gaming segment weakness, and aggressive pricing from Nvidia Corp.
Technical Outlook
Advance Micro Devices ( NASDAQ:AMD ) stock is up 3.43% on Tuesday's Market day trading. The stock daily price chart depicts a trend reversal from a falling wedge or bullish flag pattern.
Advance Micro Devices ( NASDAQ:AMD ) stock has a Relative Strength Index (RSI) of 61.94 which makes it poise for further growth in the long term.
AMD BACK TO $200AMD has successfully retested its previous weekly resistance. I have also observed an inverse H&S pattern off of the resistance zone as well which is a strong indication of reversal. I expect this stock to preform well over the next few years.
Semiconductor Bull Run: Is it OVER?AMD is experiencing a breakout from the falling wedge pattern, which is a bullish signal. Currently, the stock is above its immediate support zone and ended the last trading session with a bullish harami candle.
Although sell pressure seems unlikely given the current levels, keep an eye on the medium-term support zone to reassess your trading strategy if needed.
These levels are suitable for options trading and could result in excellent swing trades based on liquidity analysis.
The price target is between $185 and $190, with the potential to reach $200 if the bullish momentum continues.
Let's monitor how this develops.
GBP/USDLast week, the Pound Sterling (GBP) and the US Dollar (USD) exchanged minor gains, with the GBPUSD pair surpassing 1.2750 for the first time in two months.
Notwithstanding its robust commencement to the week, the Pound Sterling encountered challenges in the face of a resurging US Dollar, ultimately accumulating moderate gains and perpetuating the preceding week's ascent.
The central theme of this week was the diminishing anticipation of interest rate cuts by the Federal Reserve (Fed) and the Bank of England (BoE). This was partially mitigated by renewed demand for the US Dollar, which tempered optimism surrounding the British Pound.
As expectations of a June rate cut by the BoE were dampened by the delayed decline in UK inflation, GBPUSD reached a two-month high of 1.2762. In contrast, cautious remarks from Fed officials and ardent sentiments expressed in the minutes of the May Fed meeting countered expectations of aggressive rate cuts, reviving demand for the US Dollar and instigating a decline in the GBPUSD pair.
In April, the ONS reported a monthly decline in retail sales of 2.3%, compared to expectations of -0.4% and March's -0.2%. Notwithstanding this, the Pound Sterling managed to maintain its value above 1.2700, as the USD was unable to sustain its strength heading into the weekend due to improving risk sentiment.
In the daily chart of GBP/USD, the recent price showed a buying pressure above the dynamic 20-day EMA line. Moreover, the rising RSI line above the 50.00 level with a confluence of bullish pressure from the 100 day SMA could extend the gain towards the 1.2828 resistance level.
However, a failure to break this line with a daily close below the 20 DMA could initiate a downside correction.
AMD caching the knife for desperate
down turn is drying out
price has reached the fair value
this week all the optimists from last week were scared
sentiment is good
today or monday I want to see a Wyckoff reversal
I suggest to build up position in range 144,5$ - 140$
SL as on chart
Exit probably 180$ somewhere, where the bitch scared me out of my down position
Earnings Strength before Slight PullbackHello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by NASDAQ:AMD going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards.
Position: Shares (added between 2018-2020); holding long-term.
Please let me know your thoughts and feedback and happy trading!
AMD Bull PennantAMD is coiling ahead of NVDA earnings. I see it as a bullish pattern, but it can break either way. I like playing AMD calls over NVDA if I want exposure to NVDA earnings, but I would only do it with small size. Could also be a good day trade tomorrow if we run up into close, don't have to hold overnight.
AMD soon to break resistanceNASDAQ:AMD is dealing with the 100 and 50 SMA as resistance. A bit more sides ways consolidation and I believe it can break it. Support at $159.67 to fill gap along with rsi making a higher low.
inverse head and shoulders AMDAMD's inverted head and shoulders pattern indicates a possible shift in market trends, but only time will tell. Furthermore, investors are eagerly awaiting the upcoming NVDA earnings report, which could fuel further speculation in the stock market.
NASDAQ:AMD
AMD triangle forming do we break up or down?NASDAQ:AMD Could go either way as we head into NASDAQ:NVDA earnings later this week.
$AMD Rebalance/Retracement COMPLETE?I believe this is just a retracement that we're at the tail end of. The parabolic upside moves have been rebalanced and expect a continuation back up here @ some value. +EV
AMD - Long Calls - Then Short.Talking to some others like Nic pantano on Twitter, this seems like a viable path?
Taking calls to liquidity zone, then may aputs to demand zone below.
