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AMD trade ideas

AMD - LONGBought some calls this morning, we are at low volume node, and 50% retracement. typically where sellers dry up under that last PoC. We saw a nice reaction. Two analyst upgrades today, targets from 180-200 dollars. AMD's recent announcement about expanding its commercial AI PC portfolio with the Ryzen PRO 8040 and 8000 Series processors is bullish due to several factors: the launch introduces advanced x86 processors, emphasizing AMD's leadership in AI performance for both mobile and desktop platforms; it features enhancements in AI processing power and energy efficiency, boosting the appeal of AMD-powered devices; targets a broad professional market, potentially increasing enterprise adoption; includes AMD PRO technologies for enhanced manageability, security, and reliability, appealing to corporate IT managers; claims superior performance compared to competitors like Intel; and highlights strategic partnerships with major OEMs like HP and Lenovo, ensuring widespread availability and enhancing market presence. This strategic focus on AI and professional computing is poised to solidify and expand AMD's market position, signaling positive prospects for the company’s growth and stock performance.
NASDAQ:AMDLong
by SPYDERMARKET
AMD Technical Analysis: Bullish Reversal Potential with RSI Div.Ticker: AMD (Advanced Micro Devices) Current Price: $163.26 Technical Analysis: - RSI Observation: The RSI (grey line on custom indicator) is currently at 35.08, indicating oversold conditions. Notably, there is a bullish RSI divergence (yellow lines on chart) with the price, suggesting a potential reversal to the upside. Support and Resistance Zones: - Support Zone (Purple Rectangle): Positioned around $160 to $162, this area historically attracts buying interest and may act as a catalyst for a bullish reversal. - Resistance Zone (Purple Rectangle): Located around $182 to $185, this level could be the target for a potential upward move if a bullish reversal occurs. Analysis and Strategy: The bullish RSI divergence, combined with the presence of a support zone, indicates a possible bullish reversal in AMD's price. Traders may consider monitoring price action for confirmation of a bounce off the support zone and targeting the resistance zone for potential profit-taking. Conclusion: AMD's technical analysis suggests potential for a bullish reversal, with the RSI divergence adding weight to the bullish scenario. Traders should watch for confirmation signals and plan their strategies accordingly.
NASDAQ:AMDLong
by maybethatguy
Backtests how tradingview mislead results with HL wicks orders ?Anybody could explain to me how to avoid a take profit order being filled on tops of wicks ? In this example I'm backtesting AMD gettex whole history. First of all I think this 900% wick is erroneous data. Then, I activated the option "After order is filled" and I'm backtesting the 1W timeframe. This bug gets triggered often on stop sell orders. I think I managed to avoid it on limit buy by checking programmatically if bar's open is after or before. Kinda complicated to sort it out.
GETTEX:AMDLong
by sleptongems
AMD: Near the 2 month Support. Strong Buy.AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that every time AMD had dropped under the 1D MA50 while on this multi year Channel Up, it was a strong buy opportunity. Only in August it kept falling, but not aggressively until it found support on the 1W MA50. Consequently, we treat this as a effective buy entry, aiming for a +61.60% increase at least (TP = 260.00), like the October - December 2023 rebound. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
Swing Trade Idea for AMDNASDAQ:AMD is currently forming a H&S pattern on the weekly chart. I think the price will continue to chop in the right shoulder range until earnings, at which point the price will begin its decent to the lower extremity of the weekly Zig Zag Channel ($140 range). In the meantime, I am watching the Value Area H&L levels shown on the Anchored Volume Delta Profile (red and blue horizontal lines) which provide good boundaries for short term swings. As you can see from the Volume Profile , there is strong buying volume on the lower end that will require a significant catalyst to break. If the reaction to earnings is positive, the H&S pattern will be invalidated and I would expect to see the price rise back to the upper extremity of the weekly Zig Zag Channel . My bias is bearish, which is supported by several indicators. The first one I’ll go over is the VPT/OBV (Volume Price Trend/On Balance Volume) indicator. This is a useful indicator that essentially measures the shares traded at non-equilibrium prices, and adds or subtracts them from the line. This can help suggest shifts in the underlying trend. I have modified the version posted by user BrandonMendez to use Heikin-Ashi input (for smoothing) and two moving averages (8 period RMA and 55 period SMA) to detect reversals. On the daily and half-day charts, the fast VPT_OBV moving averages have crossed below the slow average. Another indicator I’m using for this thesis is the RMI Trend Sniper indicator by user TZack88. This overlay 5-period EMA line is weighted by RSI and MFI levels. Last week’s low bounced off the line on the Weekly chart, so that is an important level to watch (which also happens to be the Value Area Low). Lastly, I like to look at PVI/NVI averages to determine which sides smart money and retail are on. On the daily chart, we can see the NVI line is moving towards zero, which suggests an imminent low-volume pop. On the half-day chart, however, we can see the PVI average is right at the zero line. Positive volume will likely come from news later in the week and could have a negative impact on the price of AMD. I will only enter a short trade once the price hits the liquidity zone in the middle rectangle. If the price is moving up at tomorrow's opening, I will hold off until hitting the short entry target at $182.44. If the price is around Friday's close at open, I’ll be looking for a bounce at $167.36 to enter a long trade, with a take profit target at the Value Area High ($184.32). Let me know what you think of this idea or if you have any questions.
NASDAQ:AMDShort
by ap769
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