AMD Pitch Fan for Price ActionI'm making a slight revision to AMD's upside with a Pitch Fan. It seemed to make a lot more sense on where future price action is headed, as opposed to using a Pitch Fork.
AMD trade ideas
AMD Options levelsAMD daily chart
Some levels I am watching this week. 3 bounces off the 88.2 support spot last week. Watching for a hold of 88.2 support and retest of 90.4 area. If broken, we have room down to test the bottom trendline around 86.6 level.
AMD Inc Chart AnalyticsHi
in Amd Chart in Monthly Timeframe i See strong supply Area and Pice Will Fall to around 37$ but in 37$ is a Good Point to Go for Long
AMD Weekly Harmonic Elliott Wave AnalysisOverview: in my last update of AMD published on Feb 4th, I had bottom being in for the whole correction of AMD. Based on that, I had wave I of A of (5) being complete and expected the completion of wave (a) of III of A of (5) around the middle of February.
Update: I see wave III of A of (5) being complete on AMD and we are also very close to the completion of wave IV of A, if not already complete. What follows is the last leg to the upside as wave V of A and my target for that is 112 reached in July.
$AMD short 2-1-2 reversal (2W)While initially looking for a long, this (potential) reversal on the 2-Weekly chart caught my eye.
Now in 05/19 P 80, with 4 weeks (2x 2W) to go, let's see how this plays out. Can it take out 78.52 (?) worth a shot.
For shorter term price action, I'm monitoring the 2D to weed out some daily noise.
Keep an eye on Earnings beginning of May as well.
Looking to Buy AMD @ 86.73As labeled on the graph. Probably would see some more downside on AMD due to the index falling(which I expect to happen on Monday/Tuesday). But would probably see some gigantic pump happening once the earnings begin to happen which drags the overall tech sector up.
AMD Q2 Earnings CallI'm thinking AMD will hit that HKEX:120 mark a few days after the Q2 earnings call. And then in Q3, I'm thinking we are back at the HKEX:135 mark based off the Fib Extensions Levels and uptrend channel AMD is currently trading in.
AMD Bearish BAT PatternThe pattern has been formed and started to decrease. Expected hit point is about $75.
$AMD, daily, updateThe price stopped its run at 99.13 which is working nicely as weekly level.
There isn't yet a new high, so price action on the long term is still bearish.
This last wave has a solid structure but price action must help with a stable move above 99.13.
Earnings may help.
AMD is potentially bullishForming a very nice bull flag which should take it to 100+ if validated
I'll be entering upon break of the flag trendline. Trade to be posted upon entry but keep this on your radar.
Bearish scenario: AMD fails to regain the white support line (now resistance) and the potential 3 falling peaks bearish pattern plays out instead taking AMD to the low 80s.
AMD: Potential bullish bias toward 144 by the end of yearAMD share's price has been slightly upward biased since last November and expected to remain bullish by the end of this year. Key support is around USD80 mark. As long as price holds above USD78, a bullish rally toward 144 is expected.
Initial support=90
Main support zone=78/80
Risk=60
Major resistance zone=144/150
Time horizon= Dec 2023
$AMD potential failed breakdown.NASDAQ:AMD had a textbook failed breakout, being rejected around $100. This started a bull flag pull back and now a classic failed breakdown is forming. I entered the trade at ~89, I believe a close above $90.50 will validate a further move to the upside.
Watching AMD for a Small Bounce to the UpsideNASDAQ:AMD is naturally pulling back after price was rejected by key daily resistance - up on the curve ;) - coming to a zone of interest. I'll be watching price as it enters the zone and will take a small trade under the right price actions. Here's my plan for this trade:
- Wait until price enters the zone
- Go down to 5m or 3m chart and keep watching
- Look for signals of buyers stepping in: little uptrend forming
- If the uptrend forms and it is constant put a stop buy order @92.78
- First target 50% of the shares at 1:1
- Second target at 5:1
- Move stop loss to 2:1 after price hits 3:1
- Move stop loss to 3:1 after price hits 4:1
- If price shows weakness just exit the trade at 2 or 3:1
My entry and stop marks are according to the Long Position Tool on the chart
AMD AnalysisPrice played out nicely as analyzed last week. No changes to my expectations, expecting price to continue lower into the bullish POI at 87.81 before deciding whether to continue higher following the bullish order flow.
Sell Expect a turn in market direction between 20 Mar- 10 Apr signalling a end of Cycle.
621-1043-1666 time sequence
Rectangle ABCD is a 1 X 1 rectangle of 1644.6 Vertical axis and 1666 horizontal axis.
First Part Completion
166*1/3 = 55.33 10 Jun 2022 low
2/3 =110.66 06 Jun 2022 high
Second variation of 1690 time axis
165*5/8 = 102.75 Next Resistance( Entry Level)
3/8 = 61.85 TP2
OR
169*3/5 = 101.4 Current high
2/5 = 67 TP1
Hanging on for Dear LifeAnd could do anything. I will not venture a guess.
Tipping towards breaking bottom trendline of the rising wedge which it broke up and out of earlier.
Rising wedges usually come back to bite you in the a$$.
I just know done deal for me for now.
We are all different.
Earnings estimated to be on 5-2-23. Does not look good though.
Be safe/no recommendation
Doji so far today/indecision.
