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AMD trade ideas

AMD flashed the strongest 1W sell signal you can get.Advanced Micro Devices (AMD) has hit the top of the Fibonacci Channel Up last week and immediately got rejected, closing the 1W candle almost flat. This is a significant 1 week turnaround, which may evolve into a bearish reversal as the 1W RSI gave the strongest sell signal possible. That is reversing on the 82.50 (overbought) level, which since the 2009 bottom of the U.S. Housing Crisis has always delivered a strong medium-term correction. If we focus on the last 4 years alone, we can see on the chart 4 such correction events ranging from - 21.50% to -39.50%. As a result, we are sellers on AMD, aiming at a $180 minimum (-21.50%). If it drops more, we will wait for a more comfortable buy at $140 (-39.50%), which should potentially make contact with either the 1W MA50 (blue trend-line) or the 1W MA100 (green trend-line). The latter has been a former Resistance during the Bear Cycle that turned into Support after May 2023, while the 1W MA50 has two clear bottoms that evolved into aggressive rallies since the week of May 01 2023. Basically this signal is more useful to long-term investors for when taking profit and how to make two lower buy entries and manage the long-term risk effectively, while having a $300 long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
Advanced Micro: More Fatigue in the AI Space?Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern. Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar. AMD proceeded to remain below that candle all of yesterday. That may confirm the potentially bearish patterns. Next, stochastics are dipping from an overbought condition. Third, AMD was 66 percent above its 200-day simple moving average last week. (See our “ Distance from MA ” custom script in the lower study.) That was the highest reading since September 2020. Is a pause needed after such a move? Finally, traders may watch two previous weekly lows for potential support: $172.49 from February 27 and $161.81 from February 21. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AMD
by TradeStation
$AMD wants $180 depending on what $NVDA does nextI think this is a tricky trade, but if NASDAQ:NVDA sneezes then NASDAQ:AMD may get the flu. NASDAQ:AMD 's chips are not as great as NASDAQ:NVDA 's but they do the job. NASDAQ:AMD has been highly correlated to NASDAQ:NVDA and it seems like if NASDAQ:NVDA tests $800-$780s then NASDAQ:AMD could tank into the $180s with relative ease. Now, it seems to be caught in this downtrend and probably in the next couple of weeks, to be safe, $180 puts could print. Trade safe, always hedge, don't oversize.
NASDAQ:AMDShort
by gumoca
AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now. I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow. None of this is financial advice its just my opinion. Thank you
NASDAQ:AMDLong
by Bitgolder
AMD Corrected Again- Buy the Dip Idea LONGAMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th from the mean anchored VWAP support. Two days later finding itself extended to the second upper VWAP band, price corrected over the next day down to the first upper band and then after a few hours reversed and headed back toward the second upper band going somewhat sideways and getting there two and a half days later. Price was rejected from that dynamic resistance and fell into the first band which provided support to close the week. The Luxalgo regression line forecast is for yet another more up to test the resistance of that second upper band. I will take a long trade here recognizing that the forecast is for a 10-12% move in the immediate term. If the forecast is accurate a stop loss will not be necessary. I will set it at 204 to prevent anything other than an insignificant loss.
NASDAQ:AMDLong
by AwesomeAvani
1
AMD Testing Major Level 215AMD Price Structure formed major levels every 40$ Range. 95, 135, 175, 215 Currently testing 215 level which is also 2x of Rounding Bottom Pattern. MCDX Red Bar (Banker) is above 90% and declining while price is advancing which is interpret as Bearish Divergence (Divergence is a sign of weaknesses.. Not a signal of broken prices action) FiFT are still +ve (Strong Bull) No sell signal seen so far. Not even a fast turtle sell signal triggers. It is likely that AMD will move sideway around 215 level.. Not a good idea to buy at this level.
NASDAQ:AMD
by kgiap123
2
AMD: Start selling. Top this or the next week.Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that level, so we expect the stock to price its new top this week or the next. In addition, the 1W CCI has been trading sideways but above the overbought limit since November, similar pattern as the sequence that led to the June 2023 peak. It is worth to start selling now, targeting close to the S1 level (TP = 165.00). 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:AMDShort
by InvestingScope
1