AMD long, breakout above resistanceAMD breaks above resistance from down trend resistance at support levels from Dec and January. Looks good for a short, long trade. Thoughts?
AMD trade ideas
AMD correction is over. Buy for the long-term.Back on March 13 (see chart below) we gave a bold (for the majority of the market) sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up:
Our signal was delivered and the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held and made the last bottom and Higher Low for the Channel Up on the week of October 23 2023.
As the 1W RSI also reached the symmetrical Support level of the October 2023 bottom (45.50), we believe that the market has already started the bottom process and any week now will start the new Bullish Leg of the Channel Up.
Technically the previous 2 rose by +144% but we will settle our own long-term Target a little lower at $300.00, so that it makes a standard Higher High on the Channel Up.
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AMD UpdateStill waiting for AMD carve out it's B wave of ii. I am still tracking the possibility of this being all we get for ii, but as stated previously, I don't feel that is the case. I would like to see us create a basic 3-wave move up into the target box labeled B before falling again for c of ii. However, B waves seem to be complex more than simple. For this reason, I feel we get a double zigzag into the box which will take time. No rules govern time duration so this thing could drag out for quite a while.
Normally price would move to the 0.382 @ $169.35, then drop to the 0.236 area @ $157.99, before raising to the 0.618-0.786 area @ $189.47-$205.23. That is just the "normal" path for price to take during a retrace. Rather we get that or not remains to be seen. For now, all we can do is wait for that B wave to start.
AMDLV - at Buy zone and see an anchor.
AMD looking to take a bounce and rally to 170+ and fill those who were caught off guard during the spiral down. If volume, other bullish indicators are present and break-out of 180, possible push to the V neckline.
AMD Set Up For A Short PullbackI had AMD on my Anti watchlist but, after it failed to push higher it broke a new low. This caused a bearish imbalance and setup us up for a pullback in the downward direction.
Red Redemption: AMD Signals Bearish Reversal!The AMD (Advanced Micro Devices Inc.) 1-hour chart shows that the price broke out above the 200 moving average, and now it's testing the HL (162.00) level. These breakouts could lead to a more significant downward trend. I expect some bearish action, and the area below the moving average should act as a strong resistance level for the price.
bullish LTF, bearish HTF4h - still within bearish internal range
tomorrow I am looking at bullish towards the 15m FVG and then price could continue upside or go downside towards the 2h first low area to clear out sell side liquidity for the rest of the week.
1h WIP bearish H&S
AMD is still in a downward regressionSince peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correction
or moreover:
it broke its super uptrend and is now in a downtrend
the latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141, which is too much, surely more than fibo 0.5 of wave 1, wave 3, hence - downtrend, not just a correction
anyway, it is trading in a downward regression channel and every time it attempts to rise, it falls notably with an engulfing red candle, or three red candles, or gaps down like on a post Q1 earnings day.
I think there is a demand zone highlighted in green. After earnings it gapped down, I traded long 145 -> sold 154 and now would consider to wait when it falls again to the bottom of the regression channel, or to the green demand zone to open a new long
More broadly on a monthly chart it suggest the mega correction to end in the area of fibo .5 i.e. at 140, or fibo .62 at 125...
long term is bullish! GLTA
AMD REMAINS BELOW THE KEY LEVEL, SIGNS FOR ANOTHER DIPAMD is still below the key level following the bearish breakout detected on the channel. We anticipate a continuation of the bearish trend, possibly retesting the key level at the bottom.
AMD move tired of downToo few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move....
To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ after any 1Q report that will be probably considered as week.
For the moment is my opinion, it looks like this.
Remember: those who don't support Belarusian and Ukrainian freedom fighters will not make it in the stock exchange anyway...
AMD - Possible longs holdingShort term I want to see AMD hit the BSL at $162
Holding above $162.50, I want to see us invert the 4hr bearish FVG at $164 be inverted to carry us higher to $192 long term
AMD: Holding Above Weekly Support Targeting $180-$232AMD on the Weekly is showing Potential MACD Hidden Bullish Divergence above the Weekly Support floor and the previous 0.886 Resistance. If it plays out there is room all the way up to $232.37 that AMD could go for.
AMD - slow and steady selloff. DId it find bottomyet?AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD.
For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply.
This all stands in the way for the stock to really fly.
I'd like it above 180 even 190 to feel like I've more runway.
For investment, check valuation. Different story.
AMD - Is the potential still there?After Q-reports, Will AMD close the Gap & Continuate to 150 moving average?
Is the positive potential still there?
Only an idea and not a recommendation for trading!
We expect a bounce off the 200 day SMA currently sitting at $138We expect a bounce off the $136 upward green sloping trendline and also we might bounce off the 200 day SMA currently sitting at $138 🔎
NASDAQ:AMD has fallen nearly -40% off its all-time highs.
Will you be going long?
$AMD who listened and followed me :)Ive been saying this since last week.
Welp, there she goes.
only will go lower from here til earnings
$AMD - simplified. BEARISH "for me/imo"Here's my new assessment for our beloved NVDA's kid.
Retested Neckline for a beartrend.
market structure overall was bullish for a while - SPY/QQQ broke and had a trend change but AMD still on the verge of melting down.
MACD- RSI no signs of strength
🔍💼 AMD Stock Analysis 💡📈Sentiment Overview:
Cautiously optimistic sentiment surrounds NASDAQ:AMD , despite near-term challenges such as supply constraints impacting data center results. Analysts' price targets vary, indicating potential upside ranging from modest gains to substantial increases.
Critical Point:
The stock is at a critical juncture, with technical indicators suggesting a possible bullish reversal if it rebounds from current support levels. However, a move to new lows could signal further downside.
Price Targets:
Market response will determine if AMD can reach targets like $160 or even $180, indicating a potential complete reversal in sentiment.
Fundamental Strengths:
Despite near-term uncertainty, AMD's underlying fundamentals, including AI ramp and potential for improved data center results, warrant a moderate buy sentiment among analysts.
📊🚀 Investor Action: Monitor market dynamics and technical indicators closely for insights into AMD's future trajectory. #AMDStock #MarketAnalysis 📉💼
"Entry point support line""Key points to observe for profiting from a downturn: If the price drops below Support Level 1, it's a point to enter for profit from the decline. Support Level 2 serves as a profit-taking point if the candlestick falls to it."
