Is doneHistory repeats. AMD is going back to the lower trendline and it can even break it like it did on April 2022. I'm not shorting here, I'll wait for a bull rally to start shorting. But I wouldn't buy this. Not now.
AMD trade ideas
AMD - Symmetrical triangle on the dailyWith all the AI noise going around and Semiconductor stocks rallying, it would be interested to see what AMD does here from now until the ER which is nearly a month away from today
I see a Symmetrical triangle formation on the Daily chart for AMD.
On the upside, we have supple zone from 165-171/2 levels where we would see some resistance.
On the downside, we have demand zone from 145-150 levels which should act as support. If this support holds and we initiate long, then 139 can be your SL
I will not be initiating a trade now unless I see which side we are going to break from the symmetrical triangle and place my bets accordingly.
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA.
It's discernible that AMD may have some cyclicality in its price action.
For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period.
AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade.
Aug 16 180C.
Invalidation is if we drop below 160.
AMD at a buy point on the dailyAMD at a buy point on the daily. This analysis is for informational purposes only.
AMDBuying AMD - assuming the end of correction after the five-waves advance. Price broke the corrective trend line with increasing volumes, likely will continue the move.
$AMD #CupNHandle still has plenty of #MeatOnTheBoneI got greedy today and played some weekly 185C , thankfully not too greedy and took profits after they went 2.54 -> 4.00 = done for day... lol
But I think they *MarketMakers , thought it was ... "so nice, they're running it TWICE"
185C 7/12 are highly actionable imo...
#Internals has nice #Bullflag look on the hourly... I put the flag pole and what "mathematical" continuation hypothetically could n SHOULD be...
195 EOW 7/12 = Possible
200 touch by End of Month = Probable
-Prophecies
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AMD - How and Why I entered long positions hereThis should give you an understanding of how simple it can be. Potentially a great bounce area for AMD here.
Happy Trading :)
AMD: Daily and Weekly Charts Analysis.The chart for AMD shows several significant technical patterns indicating both potential resistance and support areas that we should closely monitor.
On the daily chart, AMD is trading within an ascending channel. This pattern, characterized by higher highs and higher lows, typically signals an overall upward trend. Currently, the price is approaching the upper boundary of this channel, around $187.69, which has acted as resistance in the past.
This resistance level is further reinforced by previous price rejections, indicating a strong supply zone around this price point, as evidenced by the red arrows. If AMD manages to break above this resistance convincingly, it could pave the way for further bullish momentum.
However, a failure to break above this resistance might lead to a pullback towards the lower boundary of the channel. AMD needs to react above the $174.55 in order to avoid losing momentum.
On the weekly chart, AMD shows a clear pivot point around $174.55, aligning with the support level identified on the daily chart. The bullish bias is also reinforced by a long-term ascending trendline, which has been providing support for the price.
The weekly chart suggests a strong uptrend as long as the price stays above this trendline. Any pullbacks to this trendline could be seen as buying opportunities, provided the price action shows signs of support. Conversely, a break below this trendline and the $174.55 level could indicate a more bearish outlook, potentially leading to further declines, officially reversing the long-term bull trend.
In summary, AMD's chart demonstrates a bullish bias within an ascending channel on the daily chart and a supportive trendline on the weekly chart. Key levels to watch include the resistance around $187.69 and the support around $174.55. A breakout above the resistance could signal further upside potential, while a failure to break above it or a breakdown below the support and trendline could suggest a shift towards a more bearish scenario. For now, we should closely monitor these levels and look for confirmation through price action before making trading decisions.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
AMD Trade Ideas - Right on the EdgeAMD is just barely holding on to trendline support after another rejection near $187. It has a potential triple top here and if it breaks below trendline support it could be a quick move back down. To the upside, if it can break above $187, I'd expect it to come back for a retest at some point, which could be a good long opportunity.
Advanced Micro Devices - AMD - For Short / Mid Term Investment *AMD CMP - $181.61*
Buy Range $175 - $182 ONLY
Target 1 - $200
Target 2 - $225
Target 3 - $250 +
Disclaimer: This is my view and for educational purpose only.
AMD ONGOING DOUBLE BOTTOMHi, I just want to share my thought on AMD. It might going to blow the price up to 200 or more but when is a mystery ><
Last week 8-12 July Volume is quite significant
RSI showing a strong upward momentum
News regarding AMD buying its SILO AI
If there is something that i missed or wrong please do share with me so that we can learn together.
Thanks
AMD in a strong bullish trendAMD in a strong bullish trend
The price completed a bullish pattern and AMD is well positioned to start resume the bullish trend.
In all time frames, AMD is in a very strong uptrend and the bullish pattern we have currently confirmed the end of the bearish correction and AMD may test the top again.
The first target will be found near 186 and a very strong target near 213
However, AMD may rise even more than our projected targets.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AMD - long?The stock seemss to be looking to leave a downtrend here.
Strong day, 4% up. Closing the day at the highest point.
I had an alert above 164 to open a long position.
just for fun .. some guys enter after broken the (line or channel or new high ...) I prefer after price back and test ..
$AMD on watch. 200C 7/19 #DiamondPrevious resistance line acted as nice support with a #Diamond bottom.
I like this as a lag play behind NVDA. Plus I think NVDA COULD be a sell the news event this week, at least tomorrow 6/10, I think the dip should be bought (when is the question, bubble territory but i will tell you from experience, they all said the 2020 TSLA split was gonna crash the stock, it did NOT, in the end haha...
Posted that resistance line breakout play weeks/months ago? Will link idea;
Not jumping in right away, patience pays. Stay tuned for updates...
- Prophecies R Us
The Rising Star in the Semiconductor SectorOverview
Advanced Micro Devices (AMD) is gaining significant attention and is poised to be the next major player in the semiconductor industry. With a strong forecast for growth, AMD's advancements in technology and strategic positioning make it a compelling investment.
Technical Analysis and Fibonacci Retracement
Recent technical analysis using Fibonacci retracement levels suggests a strong bullish trend for AMD. The stock has shown resilience and growth potential, bouncing back from key support levels and aiming for higher price targets.
Key Factors Driving AMD's Success
Innovative Products: AMD's advancements in GPU and CPU technologies, including their new MI300X series GPUs, are setting new standards in the industry. These products offer superior performance compared to competitors, particularly in AI and data center applications.
Market Positioning: AMD is positioning itself as a leader in the 3D chip field, competing directly with giants like Nvidia. Their commitment to innovation and strategic acquisitions has solidified their market position.
Strong Financials: Analysts predict robust financial growth for AMD. The average 12-month price forecast for AMD is around $195.59, with some analysts predicting highs up to $265, indicating significant upside potential from the current price (Stock Analysis) (InvestorPlace).
Analyst Confidence: The consensus among analysts is highly positive, with many maintaining strong buy ratings. UBS, for example, recently raised its price target for AMD to $220 per share, up from $135, reflecting confidence in AMD’s revenue growth from GPU sales (InvestorPlace).
Investment Potential
Given the technical indicators and strong market fundamentals, AMD appears to be an excellent investment opportunity. The stock's performance aligns well with the broader trends in the semiconductor sector, where demand for high-performance computing and AI capabilities continues to surge.
Conclusion
AMD is set to be a major force in the semiconductor industry, driven by innovative products, strategic positioning, and strong financials. Investors looking for growth in the tech sector should consider AMD as a top pick.
AMD - can take off any time but have patienceSemis have been extended a lot for a while, SMH shows it.
AMD is a lagger but it’s almost ready here.
If broader markers holds strong..
Go long if it breaks the downward trend line and holds 165.
Target #1 - 175
Target #2 - 195
Target #3 - 210, after some drama
Stop loss - 158
$AMD low effort = High profitability ?"Keep It Simple Stupid" is somewhat of a basic rule of mine for trading and life...
This walks n talks like a #Bullflag #ShortTerm
Sooo I Run with the Bulls, don't be scared...
Mentioned in this higher effort post what I'm looking at;
- Proph
AMD poised to go upAfter a -37.90% correction from the all-time high, price action confirms a death cross fakeout between the 55EMA and 200EMA on the 4H.
It now has a solid chance of breaking through the 163 USD resistance, which would make me bullish on every higher timeframe as well.
