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AMD trade ideas
$AMD Bounce off weekly support can lead to a push?AMD bounced off weekly wedge support and is nearing November's wedge resistance.
Looking for a break above the resistance to target $148.63 - $151.39.
Bullish on monthly chart If you have patient, this could be the turn around story. Consider leap option 1 year out.
$AMD - double bottom break out. $143 needs to breakAMD - Stock about to break $143 resistance level. watching here for breakout. Above $143 we can see $147 and $150. Stock is gaining strength on indicators. Stock formed double bottom pattern on $133 level. looking for a bounce here.
AMD Bullish Inverse Head & Shoulder SetupSummary: AMD has been in a multi week (beginning 11/12) inverse head & shoulders pattern that formed within a broader descending channel. There is very little selling pressure on the current test of inverse H&S neckline (142.9) and trendline resistance so I would expect a small, low volume pullback before we get a breakout above the neckline and full reversal. In addition to this, AMD just broke above the 20d SMA and in previous reversal crossovers this year, they were followed by significant uptrends (see Aug’24 and Sep’24 for reference). Bullish Thesis is valid unless the right shoulder fails to form; my preference would be a small right shoulder forming above 139.7 buy zone.
Trade Plan: Day trade or swing calls on a break above 142.9 with expectations of bullish run to 145 & 148. Stop loss would be 20% or failed breakout and loss of 140.9. I will likely be looking for 2-3 week expirations and 145C.
Risk vs Reward: +$5 upside, -$2 downside (2.5:1)
Another Tech Stock Rally?AMD with a potential to break up as evidence by a hidden bullish structure (refer to vertical orange lines and RSI). Large frames are showing nice higher lows, which are constructive for anyone who is long on this stock. There is also a gap at $150 - $160, so conservative swing traders may consider this area, while other longs should find confidence in this stock for the long term. Also on my watch list are NVDA, SNOW, and TSM.
AMD multiple lows in the same areaIt seems like AMD gets supported around 135-137 area. Seeking to take a bullish position here and ride it for a longer term.
AMD to the upside? 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Is AMD gonna beat the next earning report? AMD is having a rough time with the stock. Next earning report is the key for a probable rise.
150 clear from the reset levels and finds support hereThe only average still unclear to me is the moving average 100/200. Otherwise, key indicators have started to move again after a turbulent November finish, and we should see a better December. Our target is 150. Stochastic, RSI MACD crossover flat but waiting to see an upward move in direction.
AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisIt’s been a while since my last update on AMD. Looking at the wave structure, I believe we are currently in a complex pullback, correcting the bullish move from October 2022 to March 2024. This correction appears to be a double zigzag, and we’re in the process of completing wave A of the second zigzag (labeled 'y').
Analyzing the cycles, we can see that the trough from October 2023 aligns with an 80-week (80W) cycle trough and the trough in August 2024 aligns with a 40-week (40W) cycle. Currently, I’m expecting the first 20-week (20W) cycle of this 40W cycle, which is actually the second 40W cycle in the 80W cycle, to occur around December 18th. This would correspond to wave A of the y leg of the larger wave II in the wave analysis.
Following this, I anticipate a rally that should take us higher before the extreme bearish phase begins as we approach the 80W cycle trough, which is expected in early April 2025.
There is an alternative (less likely) bullish scenario to keep in mind. If wave B becomes more strongly bullish, I would shift my bias to that scenario. However, until that happens, my preferred view remains as shown in the chart.
CorrectingThe stock is trading in a potential expanded flat. It is currently unfolding in the third wave of the red C-wave. I expect the decline to continue until end of 2025Q1.
AMD Potential LongChart has been very bearish lately. Not really sure what AMD wants to do, looking at the daily chart it looks like AMD could bounce off the 130 support level and into the 155-160 range. With that being said I think that there could be the possibility that it trades sideways into the 145-150 range. Going to have to wait and see what it gives us in the coming days, next week could be a big tell all.
If the price breaks that 130 support range look for a drop into the 122-110 range and possibly the 100 range.
P.S first idea so don't crucify me if its wrong. I will update this if I decide to take a position.
AMD Long ScenarioBased on my analysis, we are currently in correction wave 4 that consist of ABC, where wave C is a triangle (abcde). Wave re currently at wave c, and heading towards d, e and which would then complete Wave 4 correction that would initiate Wave 5 that could potential take us to ~$250.
$AMD - channel and downtrend break outAMD - finally looks like stock breaking out of downtrend channel. Still waiting for that $143.50 break for upside. stock is getting strong on indicators. Calls above $143.50 for a move towards $150 and higher.
AMD - Rejection From Top of Up Channel AMD is within a large up channel and may be rejected as it has been from this channel top before
It may recovery at this middle of this channel or go the full way down to the bottom of channel
Bearish
Weekly Timeframe
Amd reversalAmd is in the confirmation phase of a reversal. If volume show up, it could reach 160 in the next 2 week. NASDAQ:AMD
amd vs Usdtamd is looking promising
It will close the cloud
Cup and handle on the air
Targets on the charts ...
Better alternative for Nvidia NASDAQ:AMD might be a better alternative to NASDAQ:NVDA right now. Here are a few reasons why:
1. AMD has recently demonstrated stronger data center growth compared to Nvidia.
2. Nvidia appears to have reached a peak, with its revenue growth unlikely to remain as significant as before.
3. Nvidia's growth margins are slowing and even showing slight declines.
4. Nvidia's high stock price lacks a clear outlook for substantial gains.
Considering these points, I believe AMD has the potential to outperform Nvidia in the coming months. However, AMD first needs to break out of its current downtrend. If that happens, I plan to reduce my Nvidia position and allocate it to AMD.
AMD may be loading?Good day
AMD price is resting on support and in a demand zone. AMD needs to have price move upward across the trendline and have the MACD do a bullish crossover and higher RSI readings for positive price action. Please be careful and have a nice day
AMD CALLSCould it be the best moment in almost 3 months to buy AMD?
Seems that way as the price decline stopped at a significant demand zone and has been accumulating for quite some time.
Im expecting the price the reverse from this area and test $152. And if successful, we will see a continuation to $169.
