#AMD $AMD162 ABOVE Trendline breakout
21 ema above daily close
167/174/187 can test
mostly semi stock goes up except amd
AMD trade ideas
#AMD $AMD162 ABOVE Trendline breakout
21 ema above daily close
167/174/187 can test
mostly semi stock goes up except amd
AMD Ready for Takeoff??! or Has the "Bubble" Burst??!!AMD has been consolidating in a horizontal trade range for over a month. The stock recently bounced from the .618% Fib Level on a Bullish retracement from the low of 5/2/24 to the high made on 5/28/24 using the 65m timeframe. A more fine-tuned look at price action reveals a Descending Channel as well as a Falling Wedge/Bull Flag pattern seen on the daily timeframe.
What I'm Watching:
1.Price has been falling on decreasing volume ever since rallying from the .618% Fib Level previously referenced when analyzing the daily timeframe.
2. Monitoring RSI(D) in anticipation of Bullish Divergence should the stock make a slightly Lower Low or the RSI(D) to break above 50 and hold, indicating buyers are in control.
3. The stock reclaiming the 5MA(D), 20MA(D), and 50MA(D) with increasing volume. The stock is currently trading beneath all three, each of which could serve as entry points, profit targets, or stop losses along the way.
4. Possible Inv H&S pattern to form on the daily timeframe with the head being formed by a DBL BTM at/near the LOD from 6/18/24. The neckline would then be at/near the upper Bollinger Band(D) and the 100MA(D). Should the stock reach that level, it would need to be re-evaluated at that time for strength or weakness.
*It should be noted that Q2 Earnings is slated for
Tuesday 7/30/24 and could affect price action.
Entry:
1. Early entry would be a bounce from the top of the Buy Zone. This entry should only be taken if a Bullish pattern formation on a smaller time frame is identified at the level.
3. A more conservative early entry would be a retest of the top of the Falling Wedge/Bull Flag pattern after a break above. Would be watching the top of the Buy Zone, the Ascending Support Zone(D) or strength above the .5% level of the previously mentioned Fib Retracement for added confluence.
2. Ideal Entry would be a Bullish pattern formation on a smaller timeframe signaling a bounce from the bottom of the Buy Zone. Especially if the Lower Bollinger Band, .618% level of the previously referenced Fib Retracement, Bottom of the Falling Wedge/Bull Flag(D), and Ascending Support Zone(D) all can be referenced as support creating confluence. This could create the possible DBL BTM with the LOD on 6/18/2024.
Exit:
Stop Loss should be based on Risk Management and Entry Setup. The logical areas are discussed below in the "Things to cautious of" section, however, keep in mind that the obvious Stops get hit the majority of the time. The best defense against this is a solid entry.
Profit Targets should be based on Risk Tolerance and Time Horizon. Any of the moving averages mentioned before or levels of resistance depicted on the chart could serve as a potential target from here. The main thing to remember is that the stock will not go up nor down in a straight line.
Things to be cautious of:
1. A break and close below the Buy Zone on the daily timeframe.
2. A break and close below the Ascending Support Zone(D).
3. A break and close below the bottom of the Descending Channel(D).
*It should be noted that the market can do anything at any time, therefore none of these scenarios would automatically invalidate this theory, however each one of them would significantly lower the probability of a Bullish move at this particular moment in time. With all that said a break and close below the LOD on 5/14 would more than likely completely invalidate this thesis and stock should be given time to reevaluate,
Advance MICRO DEVICEIf the bottom holds we can see new time highs. However it needs to hold 150. AMD might drop a bit but i think it should hold its upward trend. Simply put all other chips have made close to or around new time high with the exception of AMD
Another AMD Bull FlagAMD has another bull flag, pretty clean looking. I just posted an idea on Monday with a slightly different bull flag that led to a breakout, but no momentum. It closed nearly right on the upper end, looking for a breakout above or a strong rejection.
AMD Breakout?NVDA and semis are weaker today, but AMD has been holding up relatively well. It's been brutal to trade lately IMO, but it's usually one of my favorite stocks and this is a nice looking bull flag. It's a shorter term pattern though and I'd be cautious with it until semis start to show more strength.
AMD UpdateIf you recall, I've mentioned in my recent posts that ideally, we should hit the purple 0.618 at $153.08 for mini-wave b before climbing higher in mini-wave c of B. Last week, that's precisely what occurred. We hit the purple 0.618 and then quickly moved up. Whether mini-wave b is complete remains to be seen. We could still technically drop to the 0.786 area. Once price surpasses the high made on May 28 at $174.54, I will consider mini-wave b definitively over.
With all this in mind, it seems we should be heading towards the target box. The target zone ranges from the 0.618-0.786 retracement fibs between $189.48-$205.27. See the orange fibs? These are the extension fibs if the mini a-b pattern is complete. Look at where the 1.0-1.382 extensions end. Is it a coincidence or the perfect setup? Only time will tell, but I am optimistic about how this pattern is unfolding. I anticipate that this c of B should take about 3-4 weeks to complete.
Bullish on AMDThrough Data ive collected, This chart represents what I think will happen with AMD by the end of the year.
AMD SHORT Price to fill the gap and take out PWL and continue with downward trend.
Internal Range Liquidity > External Range Liquidity
AMD making bullish Cypher Harmonic PatternAMD is in the process of making a bullish Cypher Harmonic Pattern. We are in a zone that could possibly become the bottom, but first we have to establish the bottom. And then we can aim for 3 green fib zones for taking profits.
AMD - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
AMD bullishAMD is testing big zone resistance and also made falling wedge, if it breaks above the zone thats buy opportunity, the next resistance will be 185
AMD broke above the 3-week Bull Flag. Major buy signal!On March 13 (see chart below) we issued a major sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up:
Our projection was materialized as the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held, formed the latest Higher Low of the Channel Up and made us give a new long-term buy signal a month ago (while also the 1W RSI reached the symmetrical Support level of the October 2023 bottom (45.50)).
Today the buy sentiment got stronger than ever as AMD not only broke above the 4H MA50 (blue trend-line) but also above the giant Bull Flag pattern that started on the May 28 High. With the 1D MACD about to form a Bullish Cross, a very strong long-term buy signal emerges that call for a new Bullish Leg similar to at least the May 02 - 28 one.
If the prevailing structure is a Channel Up then expect a +23.65% rise, which puts our Target at $190.00 (just below the 1.5 Fibonacci extension).
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AMD: Daily and Weekly Chart Analysis.Daily Chart: Support Levels and Fibonacci Retracement
The daily chart of AMD highlights key support levels and Fibonacci retracement zones. The price recently bounced from a double support level at 153.49, which is both a gap support and a 61.8% Fibonacci retracement of the prior uptrend. This level's resilience suggests a strong buy zone.
The 21-day EMA at 161.47 is acting as a dynamic resistance. If it closes above this level could push the price towards the next resistance at 174.55. The support at 153.49 remains crucial, as a break below this could signal further downside towards 148.00 and 142.00.
Weekly Chart: Ascending Trend Line and Pivot Point
The weekly chart shows AMD trading above a long-term ascending trend line, indicating a sustained bullish trend. The 21-week EMA at 162.06 provides additional support, and it is very close to the 21 EMA on the daily chart, reinforcing the important of a breakout of this key point.
The price has a pivot point of 174.55. Holding above the trend line suggests bullish momentum, with the potential for the price to retest the resistance at 174.55. A break above this level could target the next resistance at 187.00, while a failure to hold above the trend line might lead to a pullback towards the 150.00 level.
Conclusion: Key Levels to Watch for Bullish Continuation
On the daily chart, the double support at 153.49 is critical. The weekly chart's ascending trend line and pivot point at 174.55 will guide the broader trend. Maintaining support above the key levels on both charts will be essential for a continued bullish outlook.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
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 Investigating Potential Data Breach by Hacking GroupChipmaker AMD is facing a potential data security breach after a hacking group known as IntelBroker claimed to have stolen sensitive information. This information allegedly includes details on upcoming AMD products, customer databases, and internal documents. While leaked screenshots provide some evidence of a compromise, AMD is working with law enforcement to determine the full scope of the breach and mitigate any potential damage.
Investor Jitters and Competitive Risks: The news caused a slight dip in AMD's stock price as investors grappled with the potential consequences. If confirmed, the stolen data could significantly impact AMD's competitive edge, especially if information about future product lines and proprietary technologies is compromised. This wouldn't be the first time AMD has faced such a challenge – the company previously dealt with a data breach in 2022.
Cybersecurity Concerns in the Tech Sector: This incident underscores the escalating threat of cyberattacks within the technology industry. With a reported 78% increase in data breaches from 2022 to 2023, the need for robust cybersecurity strategies and vigilant monitoring is paramount.
Beyond AMD: Broader Implications: The potential breach highlights the far-reaching effects of cyberattacks. Stolen data sold on the dark web can be used for various malicious purposes, impacting not only the targeted company but also its partners, customers, and the entire industry.
Looking Forward: Lessons from the Investigation: As AMD investigates the claims, the outcome will be closely watched not just for its impact on the company's future but also for the broader lessons it offers in the ongoing fight against cybercrime. This incident serves as a stark reminder for all companies to remain proactive and continuously strengthen their cybersecurity defenses against increasingly sophisticated threats.
Support Line Based on the analysis, Support Line 1 has a potential for further decline and may reach Support Lines 2 and 3.
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
AMD BearishNASDAQ:AMD
Negative news on AMD further damage the stock price, pushed it through key support level and closed at 154.63 as of June 18th 2024.
Looking to enter a long vertical put strategy: Buy to Open 1 AMD Aug 16, 2024 155/135 Put Vertical @ $775.00
This is a bearish strategy with limited risk of $775.00 and limited potential reward of $1,225.00.
This strategy will profit if the stock closes below $147.25 by Aug 16, 2024.
There is a 42.43% probability this will happen.
AMD: Survival ModeWill AMD be able to recover from this down-move? With Ichimoku crossing bearish and a lower high being placed, there is a high chance of the trend shifting bearish. With NVDIA booming and the tech sector on fire can AMD recover and start a new bullish move? Personally I'm waiting to see if we can gain some strength here as this area has served as support previously
AMD starting to form a head & shoulders pattern on 4H timeframeAMD starting to form what looks like a head and shoulders pattern on a 4H timeframe. Might want to hedge your Long positions for now. This analysis is for informational purposes only.
AMD to $10 - bearish divergenceOn the above 2-month chart price action has appreciated 8500% since September 2015. A number of reasons now exist to be bearish. Side note: Timing the market tops or bottoms is not my forte. Instead, these large time frame ideas are an attempt to measure the probability of continued trend versus risk.
Why bearish?
1) The ‘incredible sell’ signal prints. On a 2-month chart! This is a bubble. A large bubble. In fact, if you got a moment, it's a twelve-storey bubble with a magnificent entrance hall, carpeting throughout, 24-hour portage, and an enormous sign on the roof, saying 'This Is a Large bubble’. A large bubble requires a large plan.
2) Regular bearish divergence. A number of oscillators are printing bearish divergence with the recent higher high in price action.
3) The upper trend line resistance. Pay attention to this one, look left. Only twice before has price action reacted so strongly to this resistance, once in 84 and again in 2000. Will this time be different? It’s a heck of risk to take!
4) Stochastic RSI tests 40 and rejects. (Purple circles). Look left, the last time this happened a 80% correction followed.
Why $10? Well that’s going back to point 3. On the previous two occasions price action confirmed resistance. A correction to the Fibonacci 0.618 golden ratio was then observed. The ratio currently prints around $10.
Is it possible price action moves higher? For sure. Who knows where the top is.
Is it probable? No. The probability of continued upside is now <10% versus a high risk of downside.
Good luck!
Ww
Looking for a bullish possibility on AMD soon.🔉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!
Advanced Micro Fails to AdvanceMany chip stocks have surged on AI hopes recently, but Advanced Micro Devices has been notably absent.
The first patterns on today’s chart are weekly lows around $161.81 and $172.49. AMD has been stuck between these levels for the past month. In the process, it’s formed a range below its March peak. Will this mark a new top?
Second, prices have been unable to break above the falling 50-day simple moving average. The 8-day exponential moving average (EMA) has also slipped back under the 21-day EMA. Those events may reflect weakening intermediate and short-term trends.
Third, MACD has turned negative.
The weekly chart may have further signals. The bounce in May stalled at a 50 percent retracement of the drop in March and April. AMD also failed to hold a breakout above its 2021 peak. That could make buyers mull the possibility of an even deeper pullback toward the June 2023 high of $132.82.
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AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
