AMD AnalysisClose to filling the falling wedge to complete W4. Will be keeping my eyes on it around $96
AMD trade ideas
Stocks pairs trading: AMD vs MUI'm considering a pairs trading strategy focusing on two major players in the semiconductor sector: Advanced Micro Devices (AMD) and Micron Technology (MU). Both are key players in this fast-paced industry, but they show some divergent trends that could offer a trading advantage. I propose going long on AMD and short on MU to exploit their relative differences.
Why Go Long on AMD:
Valuation: AMD's Forward P/E is 24.44, indicating a strong growth outlook.
Earnings: The projected EPS for AMD next year is 4.15, signaling anticipated profitability.
YTD Performance: AMD has shown a solid year-to-date performance of 56.69%, indicating positive momentum.
Why Short MU:
Valuation: MU currently has a negative EPS of -2.68, casting doubt on its financial stability.
Sales: Quarter-over-quarter sales declined by 56.60%, a negative sign for any company.
Insider Transactions: With insider transactions at -13.37%, it suggests internal skepticism about the stock's future.
Decision:
Go long on AMD due to its promising valuation, projected earnings, and strong YTD performance. On the flip side, go short on MU due to its negative financial signals including EPS, declining sales, and negative insider transactions.
Position Suggestion:
Long on 2 AMD
Short on 3 MU
DayTrade/Overnight. AMD potential resistance @ 1D TL & supply 5mAMD approaching supply on the 5/15 min chart:
AMD approaching TL rejection/ resistance on the 1D chart:
I need another confirmation and I will enter.
AMD Bearish break, about to test recent supportAMD broke down from a triangle in a bearish move. It is about to test it's recent support zone around 100. Rates and macro are tough times for tech with AI capex being stifled and the AI rally possibly fading.
120 target by EOYAMD is basing and looking to retest the 120 supply zone.. bounced from the B leg of the bearish cypher (previous support is now resistances) A leg retested the supply zone, and retraced back to D leg of the bearish cypher pattern that was sold off. Now D leg is looking to act as support (previous resistances acting as support, same as it did for b leg). buy the dips and look for a retest of the 120 supply zone.
$AMD - At critical support.NASDAQ:AMD AMD hit the $112 target POC resistance and pulled back. It is now at critical support area. It is a combination of FIB retracement, uptrend line check back as well as a prior support/resistance zone.
Breaking below $100 could see a further pull back.
Here are support areas below:
$93
$84
If it can bounce from here, $112 is going to be an overhead resistance again.
Will it get a bounce or see a further breakdown?
I will update the chart when the trend changes.
Follow me for charts and trade ideas.
🔥 AMD filled gap to bottom of flag. Watch for bounce + breakoutAMD going to be explosive here if it bounces & confirms the flag.
Watch it close.
Always plan for dips, never add full position. NFA. Follow for more insights.
I called it out to drop from top of TL @ 108. See what happened.
AMD To $140 By Year End Amd is about to break out of its 3rd bullish flag pattern this year.
AI theme likely to fuel the move in the semiconductor stock. $130 could present mild resistance, However as of October my cycles are suggesting tech stocks to rally like a flick of switch.
Accumulate in September, sit back and get paid October -> December
Enjoy
AMD Lagging PeersNASDAQ:AMD could very well be a laggard to its peers... it is still well below its all time high which suggests that either the market believes that NASDAQ:NVDA is the superior market dominator for chip producing going forward with NASDAQ:AMD having little upside or that the market has not yet priced in the full effect the AI boom will have on NASDAQ:AMD ... Either way, this is a pattern investors and traders will want to keep an eye on.
The descending triangle is usually a bearish pattern, especially with NASDAQ:AMD being below the all time high it set in 2022 at the $165 area. How ever, this pattern is promising for 0one simple reason : the AI boom and its effect on chip producing stocks.
We believe that NASDAQ:AMD is a laggard relative to Nvidia and has significant barriers to overcome in that regard. It’s playing catch-up in the AI chip space. Investors should remember that AMD is expected to release its competitor AI chips late this year while much of NASDAQ:NVDA growth has been priced in already and the sector ETF as a whole is already hitting all time highs [ NASDAQ:SMH ].
We lean bullish and we have placed targets for short-term traders to keep an eye on in the event this goes bearish as well.
9/13: AMD ShortWith inflation data coming in hot and markets closing near flat today, I'm expecting some more dips in the markets and in tech stocks. Right now, I see AMD rejecting from our golden zone and think as we fall under $107 we should start heading towards $103 over the next 2 weeks. We will get more confirmation tomorrow.
Look for support and resistance lines to help with daytradesI'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry.
Watch to see what happens here. Good learning experience even if you are not in the trade. You are welcome to use volume and moving averages to assist you with your entries.
NASDAQ:AMD
AMD on TrackIm guessing AMD just found its new support. It will be stagnant for a while before another breakout occur. What do guys think about AMD?
AMD AnalysisPrice played out nicely as analyzed last week, mitigating the bullish POI at 99.94. Right now, price is consolidating at the same bearish order block. I'd wait for a clearer price action before trading this.
Bullish Head and Shoulder Pattern Forming on AMDI'm noticing a bullish head and shoulders pattern on AMD. I'm thinking this pattern will drive the price up close to the $143 Fib Level, and that Wall Street will start their heavy buying prior to that $143 FIB level to ultimately drive the price up to $162 sometime in late September, early October.
AMD coiling for solid R:RPersonal bias with NVDA trading where it is leads me to take a long combined with weekly RSI holding the 50 level
Cutting risk under $99 will accelerate a dump if one comes
Up before down or down before up?
$AMD - Bullish set upAMD is forming a bullish continuation pattern. After breaking its downtrend (yellow) is peaked at around 133 and then started consolidating without yet backtesting its breakout. Currently, we see a bullish formation with the price testing the upper band. We will either see a further breakout from here or, the price could retest the bottom of the range - around 98-100 at which point one could add to their longs. Breakout should test 133 initially and then possibly 165. Stop loss is break to the downside of the current range.
AMD short to $101My energy has been wacky lately, but I do think AMD is heading to $101 soon. Don't see much upside energy atm.
AMDAmd break previous higher high and there is also bullish divergence and as well break of trendline
AMD: Sell ideaAs you see on the chart we will have a big probability to have a downtrend because we have the breakout with force the vwap indicator by a big red candle with a large red volume.Thanks!
Man Oh Man $AMD idk it just feel like NASDAQ:AMD is up to something and over that trendline break NASDAQ:AMD can go to 120,122 and on the weekly there's a nice support around 100 area.
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices.
Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside.
With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
AMDMiddle of no where inside major trend setup here...
Minor trend is showing a bullish broadening wedge which we closed at the top of Friday. We also closed right at our 50sma .. Any breakout over 110 and i like the long to 116. If we reject 110 my first pullback target is 107. If we break below 107, we'll head back to 100
I leaning short here for 2 reasons.
1. I expect the market to pullback this week.
2. SMH (Chip sector) slammed into prior support that is now resistance
But if this is indeed a broadening wedge pattern, this dip or pullback will be the last then the breakout comes next.. things only get really bearish below 95
AMD FORECASTAMD Financial Summary
Advanced Micro Devices, Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 6,550 million compared to USD 3,850 million a year ago. Net income was USD 447 million compared to USD 710 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.58 a year ago.For the six months, sales was USD 12,437 million compared to USD 7,295 million a year ago. Net income was USD 1,233 million compared to USD 1,265 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 1.03 a year ago.
A OR B
Im still bearish so B for now despite intraday showing bullish moves
SENNA SEASON
