ADVANCED MIC.DEV. DL-,01 stock forum
AMD I've been closely monitoring AMD since October 9, 2024. While the recent decline hasn't been dramatic, it's crucial to hold above the key support levels at $121.95 and the current support line to shift from a bearish to a bullish trend. If these levels fail, the price could drop further, potentially reaching $116.64.The decline is driven by several factors, including slightly weaker-than-expected revenue forecasts for the fourth quarter, increased competition in the AI semiconductor market from Nvidia, and concerns about AMD's recent decision to reduce its global workforce by 4%. These challenges have added pressure to the stock, contributing to the bearish sentiment. tradingview.com/x/JoMzhFBd/
AMD What up traders, took a break as last week went a bit unexpected directional wise.- Overall this week should still be in bearish movement. RSI shows that the stock does not seem to be oversold on the daily and with no bullish news coming out, a retest is expected.
- My recommendation, keep an eye for further developments on GPUs including competitors and Trump's coming into office in January. For the short term, short. Overall, 2025 is expected to be a good year.
Good luck to you all!
AMD worst price action by far
AMD another viewpoint, the last time the 200 and 100 sma crossed on the daily, they didn't cross for 337 days, and the last time AMD traded below the 200 sma, it didn't get above it for 310 days. This pullback led to AMD gaining 310% in about a year and a half. If we are on a similar path, we're about halfway there. Furthermore, the last pullback made AMD lose 65% of its value. Though, the cycle took almost a year. We are at about 300 days in this pullback. Will we see that drastic of a pullback again? Or are we in the process of bottoming out? What do you think?AMD one thing I've noticed is how few gaps there are below the one at 119, one at 76 and 64, at least on the daily. That compared to the 5 gaps above, is something to consider. Which ever way it goes, it will likely close those gaps. What do you think?
AMD I am selling this at 160 at this Qrtr earnings
AMD gap to be filled at $120
AMD 🔥 LucanInvestor’s Commands:
🩸 Resistance: $127.00. A breakout targets $130 and $135.
🩸 Support: $120.00. A breakdown exposes $116 and $110.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $127.00, aiming for $130 and $135.
🩸 Short: Below $120.00, targeting $116 and $110.
👑 "Strength lies in preparation. Position yourself wisely." — LucanInvestor
AMD finally everything is pointing up on the daily chart RSI and volume great indications for the retest of ATH. Be ready for this climb!!
AMD pretty good day for a big red day