Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
AMD trade ideas
AMD - A strong compettitor in the AI&Bluechip business.Hi Investors our next stop is the fantastic company Advanced Micro Devices. Currently the stock had a tremendeous year, and afterward took a very bad beating , which pushed the price to it's current level which is a strong support at the moment. From a technical perspective is the strong support should attract a lot of buyers at this stage to push our boundries to some of our targets.Additionally the RSI is quite low so I can see an ascending channel formulating.
Fundamentals : AMD has seen impressive growth, driven by it's competetive produts liek Ry zen and EPYC processors, which have gained significant market share. The company's focus on innovation in areas liek data centers AI and high performance computing positions it well for future and stable growth ahead. Their strong financial performance and continuied makret expansion makes AMD a promising investment in the tech sector.
Entry already active I have bought 1,000 shares at : 129.50$
Target 1: 144.09$
Target 2: 159.85$
Target 3: 174.89$
Target 4: 191.01$ (If we have enough buying power to cross / break the Strong resistance level at 174.89$, but I will confirm nor deny once we get close to that area if we would be able to acquire the final target)
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
AMD 1 DayGreetings
AMD has formed a long wick candle in a value zone, after a series of bearish candles, is this a sign of a reversal or just a temporary pause until it reaches the demand zone? It does seem to be consolidating inside a parallel structure. It is below the 200 EMA a bearish sign. Let's watch for any signs and confluences.
Have a safe day
The key is whether it can rise above 134.27-143.90
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(AMD 1M chart)
The key is whether it can maintain the price by rising above the 139.15 section.
If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful.
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(1W chart)
The key is whether it can rise after receiving support near 134.27-143.90.
If not,
1st: 108.10
2nd: 81.99
You need to check whether there is support near the 1st and 2nd above.
However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue.
It is expected to create an upward wave if it rises above 177.25-180.49.
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(1D chart)
It is currently located near the box section of the HA-Low indicator.
In other words, the key is whether it can receive support and rise near 130.24-153.60.
If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading.
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What we need to look at is whether the HA-Low indicator turns upward.
The fact that the HA-Low indicator is created means that a low point has been formed.
However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created.
Therefore, you can buy when it shows support near the HA-Low indicator.
However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point.
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If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator.
In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin.
However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again.
- It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or
- It creates an upward wave by rising above the HA-High indicator, or
- It creates a downward wave by falling below the HA-Low indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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AMD Trade Idea: Big Move Coming Soon?AMD is trading in a triangle pattern, meaning it’s building up for a possible big move. This is a setup where we watch for a breakout or breakdown to decide the next direction.
Why AMD Is Worth Watching:
Tight Range: AMD is stuck between key levels, and a breakout could mean strong momentum.
Growing Industry: AMD is a big player in AI and chips, which are hot sectors right now.
Potential Catalysts: News about AI products or market strength could push AMD higher.
Key Levels:
Breakout Zone: Above $150, it could climb toward $180 or higher.
Buy Zone: Around $133, with strong support near $121. Below $121 could mean more downside.
AMD Is it really as 'dead' as it looks?Advanced Micro Devices / AMD is down -45% since their March 2024 All Time High and the market appears to be quickly losing faith on the stock.
However, this is not the first time we've encountered such decline on this stock as the exact same Channel Down that had a drop of -42% also took place during the previous Bull Cycle.
In fact this is what we called the mid Bull Cycle accumulation Channel and as you see in both patterns, the 1week MA100 supported. On the 2017/18 case, it kickstarted a rebound to the 1.382 Fibonacci extension.
It is amazing to see that even the Bear Cycles that preceded those Channels (2022 and 2014/15), they declined by the same amount (-66.41%).
So for now the 1week MA100 is supporting the November-December consolidation and this is the 1nd time it has since the August 5th low.
Once the 1week RSI hits 38.00 again (like it did on March 26th 2018), it will be the ultimate time to buy again but being so close to it right now, you can start buying even now.
Target 350.00 (little under the 1.382 Fib).
Follow us, like the idea and leave a comment below!!
AMD Consolidation for Further UpsideAMD is currently consolidating after retest of its 2 years low at $133-135 level. While the AI and semiconductor is booming after strong labor and economic data, AMD is still with within its consolidation wedge as shown in the graph. If current tech trend continues with a strong Santa Claus rally, AMD is like to trend upwards to rest its resistance at the $150 level. We'd love to see a breakout to the $150 level and a further upside to the $175-185 resistance level is likely. Downside is limited to the $133 level. Given the current price at $140 level, the play could yield at R/R around 1:5. However, the trend is still forming and a breakout is not evident. We will need to further increase in MACD and RSI to help with the breakout.
Trading Strategy for AMD and QCOM1. Fibonacci Retracement:
AMD: The chart shows Fibonacci levels drawn from the recent peak to the trough. Key levels are around 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
Entry Points: Look for buying opportunities at the 38.2% and 50% retracement levels, which historically act as strong support zones where price often reverses.
Exit Points: Set targets around the 23.6% retracement level or the previous high, considering volume and momentum.
QCOM: Similar Fibonacci strategy applies. Identify retracement levels from recent highs to lows.
Entry: Buy at 38.2% or 50% if the price shows reversal patterns like bullish engulfing or hammer at these levels.
Exit: Aim for the 23.6% level or previous resistance zones.
2. Market Segment Analysis:
AMD: Given its position in the semiconductor industry, especially with advancements in AI and gaming, AMD's price movements can be influenced by tech sector trends, competitor news, and broader market sentiment towards tech stocks.
Strategy: Keep an eye on industry news, competitor earnings, and broader market indices like NASDAQ for correlation.
QCOM: As a key player in mobile technology and IoT, QCOM's stock can be influenced by mobile device sales cycles, 5G adoption rates, and regulatory news concerning its licensing model.
Strategy: Monitor global smartphone market trends, regulatory news, and advancements in 5G/6G technology for potential impact on stock price.
3. Risk Management:
Stop Losses: Place stop losses below the last significant low for long positions or above significant highs for shorts, adjusted for volatility.
Position Sizing: Ensure no single trade risks more than 1-2% of your total trading capital to manage risk effectively.
4. Integration with Other Tools:
Volume Analysis: Use volume spikes to confirm trend strength or potential reversals.
Earnings Reports: Both stocks are sensitive to earnings. Plan trades around these events, considering options for less risk if expecting volatility.
This strategy leverages technical analysis with Fibonacci retracement for entry/exit points, aligns with broader market trends, and considers segment-specific news for AMD and QCOM, aiming for a balanced approach between technical precision and fundamental awareness.
AMD - long position (1D)Hi traders,
Long position on AMD (1D), based on the trend reversal suggested by the Williams Alligator. We backtested this strategy in the last year, entering long or short only when the price closed above (for long) and under (for short) the line of the teeth (red line). When this happened there was usually a crossing of the lines of the indicator. We put our take profit where the price hit a support/resistance or when a candle closed under the red line (close long position) or above the red line (close short position). We put our stop loss at the level of the resistance/support or when, after the crossing of the lines of the Alligator, a candle closed under the red line (for long position, closing with a loss) or above the red line (for short position, closing with a loss). This strategy gave a return of 16.5% since January 2024.
In this case the stop loss will be few cents under the support level and the take profit will be at the level of the previous resistance. In any case we should close our position if the price will close under the red line.
Good luck!
Be careful with AMD !!!In my opinion, the shares of this company are 14.5% overvalued and should reach a price of $137. The reason for the recent decline in AMD shares is due to cautious statements at Morgan Stanley. Advanced Micro Devices (NASDAQ:AMD) shares fell more than 3% on Tuesday following cautious comments from Morgan Stanley, highlighting concerns over the company's AI supply chain strategy.
Analysts noted that AMD appears to have reduced its wafer bookings for MI325 at Taiwan Semiconductor Manufacturing Company (TSMC) for 2025 due to uncertainty over MI325 demand. Morgan Stanley stated, 'It appears that AMD has reduced some of its CoWoS wafer bookings at TSMC for 2025 due to uncertainty over MI325 demand. This move indicates AMD's conservative approach to managing potential demand volatility for its AI processors.'
However, Morgan Stanley analysts added that Nvidia (NASDAQ:NVDA) quickly absorbed the vacated capacity at TSMC, emphasizing Nvidia's aggressive positioning in the AI market.
The bank's note also provides insight into broader trends in the semiconductor industry, indicating that other companies are ramping up production. For instance, Marvell (NASDAQ:MRVL) tripled its CoWoS bookings for 2025 compared to 2024. Meanwhile, Intel's Habana division kept its wafer bookings at TSMC unchanged, indicating stability in its AI-related production.
The cautious tone from analysts on AMD follows a period of intense competition in the AI space, with Nvidia strengthening its leadership. The note also mentions that 'WPG's sales in the third quarter grew 25% quarter-over-quarter, compared to previous guidance of only 5.5% quarter-over-quarter growth,' with the bank noting 'increased business from AMD processors and GPUs.
AMD Bullish Inverse Head & Shoulder SetupSummary: AMD has been in a multi week (beginning 11/12) inverse head & shoulders pattern that formed within a broader descending channel. There is very little selling pressure on the current test of inverse H&S neckline (142.9) and trendline resistance so I would expect a small, low volume pullback before we get a breakout above the neckline and full reversal. In addition to this, AMD just broke above the 20d SMA and in previous reversal crossovers this year, they were followed by significant uptrends (see Aug’24 and Sep’24 for reference). Bullish Thesis is valid unless the right shoulder fails to form; my preference would be a small right shoulder forming above 139.7 buy zone.
Trade Plan: Day trade or swing calls on a break above 142.9 with expectations of bullish run to 145 & 148. Stop loss would be 20% or failed breakout and loss of 140.9. I will likely be looking for 2-3 week expirations and 145C.
Risk vs Reward: +$5 upside, -$2 downside (2.5:1)
Another Tech Stock Rally?AMD with a potential to break up as evidence by a hidden bullish structure (refer to vertical orange lines and RSI). Large frames are showing nice higher lows, which are constructive for anyone who is long on this stock. There is also a gap at $150 - $160, so conservative swing traders may consider this area, while other longs should find confidence in this stock for the long term. Also on my watch list are NVDA, SNOW, and TSM.