Hitting previous strong resistance level. Might bounce.Previous resistance is new support. Hitting previous resistance levels. Looks strong. Possibility to bounce. Watch nvda meeting on 18th as if that goes well this will go well I think.
AMD trade ideas
AMD's Stock Outlook: A Quick Technical AnalysisAdvanced Micro Devices (AMD) has recently hit a notable point in its stock movement. After a strong rally, it met resistance at the upper boundary of the 20-day SMA Bollinger Bands and is now approaching the 200-day Hull Moving Average (HMA). This approach is critical as it indicates a potential shift in the stock's longer-term trend.
In the last few days, AMD has seen increased selling, pushing the Relative Strength Index (RSI) towards a neutral level. This suggests a cooling period after a phase of being potentially overbought.
Looking forward, the long-term view on AMD remains bullish. However, a key factor to watch is whether the stock stays above the 200-day HMA, ideally showing a strong bounce from this level. If it falls below the HMA, it's worth observing how it reacts to the lower support level of the Bollinger Bands.
In summary, AMD's stock is at a crucial juncture, with its behavior around the 200-day HMA being a significant indicator to watch for future direction.
AMD bearish scalp ideaAmd recently broke out when it cleared prior resistance at roughly $185. it has since shown some weakness and a possible pullback to that $185 area. The 1hr TF shows that we have started to pivot and a break of the $200 whole number was confirmation as well.
AMD - Long IdeaDear traders,
Id like to share this idea in order to take long positions. After the rally AMD is consolidating, RSI have to "relax".
166- 186$ is is a good price range to look for buying opportunities (previous resistances).
best,
AMD : BUY THE DIP ?- Share prices of the microchip giant have been trading above a bullish trend line since the end of October, the long-term trend is therefore bullish.
- We can easily observe that prices follow phases of bullish impulse and bearish corrections, entirely symptomatic of an healthy bullish trend.
Correction phases allow the market to take a break, take some profits and test newly established support levels, before registering new highs thanks to dip buyers.
However, we can see that during the very last bullish phase, which led prices towards $227.50, the market registered its strongest acceleration since the start of the trend.
This acceleration took the market far above its bullish trend line, before registering a sharp pull-back.
The Ichimoku indicator remains in a bullish configuration, but the market has already given a bearish alert by breaking its Kijun line.
- This movement may be difficult to interpret for traders.
While the bullish trend remains valid for the moment, the strong excess recorded recently must be corrected and could even spell the end of the trend.
It is still too early to talk about a bearish reversal, but it will be interesting to see how the market reacts to the impact on the first significant support zone at $184.00. This level should also represent an interesting test for the Chiko Span on its Kijun.
If this level ever drops, the situation will become terribly dangerous for the asset on a technical level.
Indeed, breaking the last peak is never a good sign in a long-term bullish trend, especially since the only remaining support would be represented by a trend line that has already been well hammered, as well as an extremely thin ichimoku cloud.
Will the market bounce back over $184.00 and return to new highs?
Is a reversal underway?
To be continued...
Pierre Veyret, Technical Analyst at ActivTrades
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
WILL AMD CONTINUE ITS MARK UPbased on previous analysis (refer link below)
it looks like The current Trading Range is Re-Accumulating (Schematic #1)
With a Spring signal, in an existing previous Uptrend, it is a strong signal to buy
This is what David Weiss termed as a Feather's Weight
position initated as attached
always respect risk
Pure Wyckoff
AMD - Chart analysisClear divergence on AMD daily tf. Wait for further confirmation to continue with trade.
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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
AMD charted for 13Mar24PULLBACK TO 201.32, LOOK LONG WITH PRICE TARGET BEING 209.
AMD was a rollercoaster for me today but I've ID'd key levels.
AMD bullish out of squeezeBouncing on 8 day low (pink) / 3 day low (yellow)
Bollinger band squeeze
RSI above 50
Look for:
%R (yellow plot on bottom pane) to move above top level
Z-score to change to green as exiting squeeze
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.
AMD - Major trade opportunity if we see this activated!Didn't want to forget this one because if we do activate purple we can see price attempting former highs and the weekly taper levels.
Look for price to develop here and if the trade comes to us, amazing. If not, there will be more opportunities.
Happy Trading :)
AMD charted for 12MarAMD presented a great play short today. I got the retest of premarket lows but never broke below the bottom of my PotterBox.
I like AMD long with an open at or above the PB we're sitting on (199.50) and short below 197.
AMD Overbought and Easy ShortWe have a nice topping pattern and shooting star on multiple time frames. Not financial advice, DYOR.
$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.
$AMD to $155 by next Friday imo , pullback very likely NASDAQ:AMD to $155 still a go if we can close between the 20DMA/EMA cross here... NASDAQ:AMD
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 $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow.
None of this is financial advice its just my opinion. Thank you
AMD Corrected Again- Buy the Dip Idea LONGAMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th
from the mean anchored VWAP support. Two days later finding itself extended to the second
upper VWAP band, price corrected over the next day down to the first upper band and then
after a few hours reversed and headed back toward the second upper band going somewhat
sideways and getting there two and a half days later. Price was rejected from that dynamic
resistance and fell into the first band which provided support to close the week.
The Luxalgo regression line forecast is for yet another more up to test the resistance of that
second upper band. I will take a long trade here recognizing that the forecast is for a 10-12%
move in the immediate term. If the forecast is accurate a stop loss will not be necessary. I will
set it at 204 to prevent anything other than an insignificant loss.
AMD Consolidating Above Prior ATHAMD recently pulled back to the prior 2021 ATH after the recent earnings release. As long as the ~165 support holds, the price action is building a bull flag that should eventually resolve higher after working off some of the recent overbought momentum.
Resistance could come from multiple significant overhead measured targets between 209 and 233, which could eventually lead to a pull back to the 80 support range.
AMD Testing Major Level 215AMD Price Structure formed major levels every 40$ 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.
AMD trading within internal range with bullish pennantIn the lower time frame, it seems to be within a bearish range. price can go either way depending on premarket movement
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. ##
