AMD AnalysisPrice did not play out as analyzed last week. Similar to PLTR, I'm expecting price to follow the bearish order flow, potentially mitigating the bullish OB at 99.94 next.
AMD trade ideas
AMD Potential continuationI like this as continuation for the upside move.
I personally will be looking for buy at 100$,
80$ red zone as deeper discount buy.
AMD - Turn around & go up the canal?AMD - Turn around & go up the canal? A popular stock + above the average line 150MA +
Will meet the lower edge of the channel & rotate up the channel ???
Only an idea and not a recommendation for trading !
AMD Long EntryThis level should hold, i'm actually writing some AMD puts as I don't mind holding the stock and will capitalize on the premiums if not assigned any shares.
Please use a stoploss,
thanks
AMD target $112 & likely back downIt's seeming like we reverse today and I'm getting that AMD reaches $112. I asked if there's anything else I should say in this idea, and my dowsing went to "bull trap". So, don't get real excited here. The trends are going to be down. I would look to short at $112.
Fool me 3 times, f8k the peace sign load the chopper on you Don't save her, she don't wanna be saved. Don't save her, NASDAQ:AMD dont wanna be saved. Don't save her, she don't wanna be saved Don't save her. But i swear if someone save her tho i will be pissed because aint no way NASDAQ:AMD wont try to go to shaded area to 107 before going to the white trendline. they say the 3rd time is always the best so i dont want to be like J.Cole and be like "My only regret was too stupid for not buying too much contracts" "My only regret, could never be bold enough to press the buy button and take Aaliyah home"
AMD: Waiting for 98.80 to buy Based on FIB Levels and short term bearish market bias, I am looking for AMD to drop to at least 98.80 before starting a long position. 98.80 represents the FIB golden pocket and at the FVG #1 gap fill. It may drop to the .7 FIB level and FVG #2, I would consider DCA on the position. STOP EXIT if it goes below around 88
AMD - $104.55 / Inverted Cup & Handle - Great Entry0. Notes to follow;
1. AMD has been consolidating for 3 months.
2. $104.55 looks like a great entry for those that missed the run-up after NVDA earnings;
Market Outlook 8/17/2023Same as usual.
Just an update of what I normally go over. I would type more, but why type more when it is a video that is supposed to be watched.
I give the long story short TLDR in the last 2 minutes of the video.
AMD to 1.618 Fib LevelI'm thinking AMD will eventually break out of this triangle pattern, and reach the 1.618 Elliot Fib Level which is equivalent to about $126 in the 3rd week of August. Then Intel will pay their wall street buddies to put out bad news on AMD to try and drive the price down. Then AMD's wall street buddies will put out more good news on AMD's Artificial Intelligence capabilities, which will then drive the price up to the $137 Fib Level. Last step in the process, is the automated machine algorithms buying up AMD stock early in the 4th week of August to ultimately drive the price up to $155 - $162 Fib Level.
AMD AnalysisPrice playing out as analyzed last week, taking out the equal lows and deeper into the current bullish OB. From here, I'm expecting price to make a bullish retracement, potentially to take out the equal highs at 122.12.
Advanced Micro Device Can we bounce from 21 Weekly EMA?Hi Guys! This is a Technical Analysis on Advanced Micro Device (AMD) on the 1 Week Timeframe.
Previously i posted a chart on the Daily Timeframe, mentioning of a potential breakout to the upside. But it was short lived as a fakeout, and we are down 7ish% since then.
To get an understanding of what went wrong, i decided to analyze the Weekly timeframe to get a bigger picture.
As you can see:
We have closed BELOW the SUPPORT line of the triangle.
We have also closed below this short term RED Horizontal support line.
And we are now Testing SUPPORT on the 21 Weekly EMA.
This is a Major development in my opinion.
21 EMA is used to determine trend:
->If its ABOVE = BULLISH
->If its BELOW = BEARISH
Whenever we are ABOVE the 21 EMA, its important for the BULLISH trend to have price action test SUPPORT on the EMA, every now and then.
For the BULLISH Trend to continue, we need CONFIRMATION that the 21 EMA indeed acted as SUPPORT.
But there is also the case, of the 21 EMA not being able to maintain SUPPORT.
So whats more likely in our current situation?
In my Opinion, its becoming more likely or probable that we BREAK BELOW 21 EMA.
For me and for more evidence i like to use INDICATORS.
Ive highlighted some Scenarios that mirror our current developments in the 3 indicators ive added.
Notice the Differences between how far we drop under the 21 EMA and the variations found in the indicators.
For Price action to weaken and drop below 21 EMA, 3 things need to happen:
1. RSI -> Showing the Orange line break support and move BELOW the Black line. The longer stay below and continue lower, more likely for price declines.
2. MACD -> BEAR CROSS, (Blue line below Orange line) and the appearance of Red Histogram.
3. STOCH RSI -> Below the 20 level. The longer we stay below this level, more likely for price decline
We are currently in this SCENARIO, highlighted by BLACK BOX.
So now to determine exactly how far BELOW we go, If we do break SUPPORT.
To gauge at that, we look LEFT and we look at the specific changes/ differences in the indicators.
For LARGER PRICE DECLINES like in Scenario #3 and #4
-> MACD Histogram Bars were LARGE
-> MACD Blue/Orange lines moved BELOW 0 level
-> STOCH RSI for #3 continued for about 133 days (longest compared to other scenarios).
-> RSI Orange line stayed below Black line for extended period
Now notice #1 and #2
-> The indicators didnt show extreme variations as seen in #3 and #4
-> Scenario #2 Price action was below 21 EMA for a decent amount of time but it was consolidating, rather than having a major decline.
-> Though the RSI Orange line was below the Black for extended time,
-> the STOCH RSI was at oversold area for 119 days,
-> the MACD Orange/Blue line NOT dose diving BELOW 0 level, helped price action maintain a range before moving back over 21 EMA.
We have to keep in mind though that history DOES NOT have to repeat and that a new scenario can be possible
BUT Main thing to watch is the size of the histograms of the MACD and whether or not we stay ABOVE the 0 level, in my opinion.
A level to look at is the SUPPORT line labeled "MAJOR SUPPORT".
IF we do close BELOW 21 EMA, it becomes more likely we test this line.
________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on AMD in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Puts AMDI think is a dead cat bounce off the 107 support. Tomorrow can open with a gap down breaking the support level. I has been doing lows lows since the last top.
AMD Wyckoff analysis Interesting market structure for AMD, we see different processed taking place within the trading range varying on either a distribution or accumulation
on a higher timeframe, we see accumulation for over a Year, however, on a lower timeframe, say 4 hrs, we're able to see even 3 accumulations
this example also covers what's inside a Spring on Phase C, which is simply a smaller accumulation
Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe.
Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK.
Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation.
If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle.
KEEP WATCH of FAKEOUTS, where we enter back into the triangle***
Our 1st Target = $125 - $132 range
Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line.
This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021.
Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS:
RSI -> Notice how the RSI is coiling up in this range between the BLACK lines.
-> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need.
STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1.
MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level.
-> If we get above this 0 level with the cross, it will further the Bullish Momentum case.
TRADE IDEA:
STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle
Scale in your buy orders
CONCLUSION:
We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
AMD what's next? $114.68ishOk, the target from the short hit today, so I may as well keep playing this game with AMD. It's still bearish longer term it looks like, and so are the indexes it seems. But, there should be a small reprieve on Monday morning.
So, AMD and my handy tools suggest going up 6% (114.48 from current price), and price (a separate number) gives $114.68 (just thought I'd see how accurate I can get with the cents).
It's possible it'll go higher, I suppose, but the easier /moves/money is how this seems to work. That's it. I'll update anything new & have a lovely weekend.
AMD looking for 106 nextI had the 114 level in my last idea. Hit today. I get the next stop is 106 and "advice" is "new low". I do think the indexes tank from here based on other readings, and AMZN will instigate that. Still have to work on AAPL.
AMD to breakdown at overbought extremes?Advanced Micro Devices - 30d expiry - We look to Sell a break of 106.89 (stop at 114.09)
Daily signals for sentiment are at overbought extremes.
The lack of interest is a concern for bulls.
107.08 has been pivotal.
A break of bespoke support at 107, and the move lower is already underway.
Short-term momentum is bearish.
Our profit targets will be 88.89 and 85.89
Resistance: 113.80 / 119.00 / 122.12
Support: 107.08 / 103.50 / 100.00
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Bull pennant on the dailybull pennant formed on the daily chart. Looking for a breakout tomorrow or friday. Probably due to good news related to CPI and jobs.
AMD W shape #AMD W Shape.
#AMD created W shape with higher low.
If AMD can break 113.3$ next target will be 117.6$/118.9$
This W shape will be failure if #amd drop below 107.1$
Dead cat bounce?Looks like a dead cat bounce, I just bought some puts. If price hits the trendline I'll buy more. I hard to be accurate with this stock bc is very volatile. But the bearish patterns tell me that it pulls down every time it tries to climb up. Sellers just won't let it go higher.
Earn 18% While Waiting To Buy AMD At SupportHey guys! Today, we're looking at a Trade Idea in AMD, the popular semiconductor company that often plays second fiddle to Nvidia (NVDA).
Like most of our trade ideas, this post focuses on selling put options - this time, on AMD shares.
In case you're unfamiliar with options -> when you sell a put option, one of two things happens.
Either;
A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money.
B.) The stock price finishes below the strike price of the put when the put expires, in which case you will be forced to buy the stock at the strike price.
With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares.
In other words- either make money, or buy the dip!
The trick is finding the right stock at the right time.
Right now, AMD seems like a great candidate for this strategy.
Selling the October 20th, 2023 $105 strike put options yields more than 18% on an annualized basis, and 105 is a decent support zone, as you can see on the chart above. This is also a popular pivot area if you zoom out further:
The stock has also been in a bullish uptrend, and the recent, flat price action is a solid consolidation that should be perfect for selling puts:
But what about fundamentals? All of this means scant little if you're forced to buy a stock that will go down over the long term.
Fortunately, AMD is growing its top-line sales and bottom-line profits at a steady pace on the back of increased demand for semiconductors:
While the company is diluting shareholders somewhat, the valuation, at only 8x sales, seems reasonable when compared with peers and to the company's own multiple historically.
Plus, the trade has a 76% chance of earning max profit by expiry.
Overall, we think selling the October 20th, 2023 $105 strike put options is a great win-win trade for income-seeking traders.
Cheers!
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