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AMD trade ideas

AMD - ALTERNATE Bear Case - Confluence at $95Warning - before you come attacking me full force - this is an alternate bearish scenario for AMD - not my primary scenario, but I noticed a few things that I must point out. 1. 2 5-wave structures - Between Oct 2022 and Mar 2024 we completed 2 structures that can be counted in 5 waves, but the resulting pullback from Mar 2024 to Aug 2024 came back a bit deeper than I would have expected for an impulsive move. This is suspect. 2. ABC Corrections - a 3 wave correction can be seen all over the place but what I want to point out is the structure I outlined in point 1 above can be seen as impulsive. The pullback off the first 5-wave structure only retraced 38.2% - which is fine - but - that only works in a very bullish market - which we were in - but where's the follow through? After Mar 2024, there was a severe lack of follow through. 3. From Mar 2024 - we see a clear 3-wave correction - but now that we have the monster ABC correction outlined in point 2 above, measuring it puts the 61.8% internal retracement fib (the golden zone between 61.8-65%) at $95 AND if you measure the correction from Mar to Aug 2024 and project it from the pullback in early Oct 2024, you get a 100% extension target at.... $95 - coincidence? Well, that also happens to be the bottom of the Oct 2023 correction as well. TL/DR? I'd be a heavy buyer at $95 if we get there.
NASDAQ:AMD
by bitdoctor
14
Incoming 70% correction to $40 for AMD?On the above 7 week chart price action has rallied 10,000% since 2016. Cathie Wood is now a buyer. Should we be concerned? Yahoo finance - August “Cathie Wood-Led Ark Invest Buys $47.5M Of AMD Shares” source:https://tinyurl.com/zc3cah5p Motley Fool - September “AMD is more stable financially and boasts a more established role in artificial intelligence than Intel. Alongside recent growth in its data centre division, AMD's stock is too good to pass up.” source: tinyurl.com Madness. Why bearish? Failed trend support. It is very clear to see, price action has broken through support. Rising wedge breakout. The trend support breakout confirmed the rising wedge direction. Yes price action could rally all the way to 190 in the next 1 or 2 candles but that would not invalidate the wedge. The rules of a rising wedge allow us to forecast the correction magnitude, 70% to the $40 area. The best for last. ** Double top bearish divergence with Gravestone DOJI ** Not since 2016 has this many oscillators printed negatively with price action. Both instances measured with the same specifications. This higher high in price action with a lower low in RSI (among others) following a Gravestone DOJI print…. Go Cathie. A clearer picture of the Gravestone DOJI is shown below. Is it possible price action continues to rise? Sure. Is it probable? No. Ww 7 week Gravestone DOJI
NASDAQ:AMDShort
by without_worries
49
AMD (AMD): Trendline test coming - crucial for bullish case!Following the completion of wave 3, NASDAQ:AMD has also completed wave 4 with a near-perfect correction at the 78.6% Fibonacci retracement level. The rapid V-shaped recovery after the drop validates our count and points to continued bullish momentum as long as key support levels hold. AMD’s earnings report on Tuesday aligned with forecasts but projected slightly weaker revenue than expected for the upcoming quarter. This led to a 6% decline in after-hours trading, raising concerns about potential deceleration in AMD’s overall business, even as the company remains a key player in the AI chip sector alongside its competitor, Nvidia. From a technical perspective, NASDAQ:AMD now faces a crucial test. The stock must break through the resistance zone between $162 and $174 to confirm further upside potential. Failing to do so could result in a pullback to the trendline, a level that has been respected several times since early 2023. As long as the stock remains above the $120 level, we maintain our bullish outlook. However, losing this level would confirm a bearish trend shift. We expect continued volatility, particularly post-earnings, and will monitor for a potential move higher or consolidation around these resistance levels. We are optimistic about AMD’s prospects but await further developments at this critical juncture.
NASDAQ:AMDLong
by freeguy_by_wmc
AMDs not doneFor the most 2024, AMD has taken a seat back in the market - being up less than 6% YTD - while wall street AI darling NASDAQ:NVDA has enjoyed major growth, rallying up over 140% YTD. Although AMD is known for having one of the most overvalued Forward P/E ratios, from a technical perspective and overall market outlook for Q4 2024, I think there is still some room for AMD to climb higher. Since Q4 2022, AMD has remained within this rising channel testing support and resistance in a series of higher highs and higher lows, and currently sits at a key support area on the weekly chart. AMD's 246B "miniscule" market cap compared to NVDA's 2.9T requires less trading volume to see a significant move up, and with rate cuts tipped in the markets favor for Q4, I think we can easily see a 175$ - 185$ AMD by years end. It’s also good to see that Trading View’s current analyst rating sports AMD as a “buy”, while the average 1Y price forecast sits at 186$. A lot of people cover this so stock so I will be looking to cover this on a weekly basis. Best of luck!
NASDAQ:AMDLong
by LaMASIA_100
AMD: New bullish wave to $197 has started.Advanced Micro Devices have entered a healthy bullish 1D technical outlook (RSI = 59.730, MACD = 0.360, ADX = 17.320) as the price crossed over the 1D MA200 today, with the 1D RSI above its MA since yesterday. Technically, it has started the 3rd bullish wave of the 3 month Channel Up. The two waves before this have risen by at least +31%, and that is our next target (TP = 197.00) for the next 2 months. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
10
AMD Technical Analysis on Oct. 29, 20241. Trend Analysis and Chart Patterns: Ascending Trendline Support: AMD is showing an uptrend with higher lows, as indicated by the ascending trendline. This trendline can act as support, and a break below could signal a potential shift in trend. Bullish Momentum: AMD has recently broken above a previous consolidation, which can indicate bullish momentum if it holds above the breakout level. 2. Support and Resistance Levels: Immediate Resistance Levels: 161.31 - 163.00: AMD is close to this resistance zone, where selling pressure might emerge. If it breaks above 163, it could indicate continued bullish strength. Support Levels: 158.28: This level aligns with recent consolidation and might act as short-term support if AMD retraces. 152.33: A significant support level from a previous pivot low, marking a potential reversal point in case of a deeper pullback. 150.55: Key support below, where buyers may step in if AMD sees a sharp decline. 3. MACD and Volume Analysis: MACD: Slight bearish crossover, indicating weakening momentum. If MACD remains below the signal line, it may indicate a pullback or consolidation phase. Volume: Recent volume spikes on upward moves suggest strong buying interest. Lower volume on pullbacks would support a continuation of the uptrend. 4. Trading Strategy: Scalping Opportunities: Long Entry: Consider going long around 158.28 if it shows a bounce, with a target towards 161.31 and beyond. Short Entry: If AMD breaks below 158.28 with strong volume, a short position could target 155.78 or lower. Swing Trading Strategy: Bullish Scenario: A break above 161.31 with strong volume could indicate an opportunity to swing trade to 163 or higher. Look for confirmation with a higher low forming above 158.28. Bearish Scenario: A break below the ascending trendline and 152.33 may suggest a short-term bearish trend reversal. In this case, 150.55 would be a possible target. 5. Key Levels Summary: Support Zones: 158.28, 155.78, 152.33, 150.55 Resistance Zones: 161.31, 163.00 6. Expected Direction and Price Action Today: Open: Expect AMD to test 161.31 at open. If it fails to break this resistance, it may pull back to test support levels around 158.28. During the Day: If 158.28 holds as support, AMD could see a bounce and consolidate around 161.31. If this level breaks, expect it to test 163. Close: Likely bullish close if it holds above 161.31, but bearish sentiment could emerge if it fails to break this level and dips below 158.28. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Conduct thorough research or consult a financial advisor before making trading decisions.
NASDAQ:AMD
by BullBearInsights
Earning report Today! Can $AMD breakout the downtrend line? Technically, AMD is closing to the downtrend line again. There was a FAKEOUT three weeks before.So will NASDAQ:AMD truly breakout the downtrend line this time? It will depends on the earnings report today! Here are 3 Things I'm Watching in NASDAQ:AMD 's Earnings on Tuesday 1. MI300 Series: Flagship AI GPU • Their new Instinct MI300 series GPUs are built to compete directly with NASDAQ:NVDA H100 chips, supporting both training and inference for large-scale AI models. The MI300 offers high memory capacity and multi-chip module (MCM) architecture, making it suitable for AI workloads that require massive data processing. Early deployments include partnerships with key cloud providers like NASDAQ:MSFT Azure -- which is leveraging AMD’s GPUs for its AI infrastructure. 2. AI-Powered Accelerated Processing Units (APUs) • Their APUs, which combine CPU and GPU capabilities on a single chip, are designed to handle AI tasks efficiently in edge computing and consumer applications. For instance, AMD’s latest Ryzen AI-powered APUs provide AI acceleration directly in laptops -- aiming to improve tasks like image processing and natural language interactions. 3. Capturing AI Market Share • Their approach is centered around capturing a larger share of the rapidly growing AI semiconductor market, which is projected to surpass $400B by 2030. As AI models become more sophisticated, they require increased computational resources. AMD’s focus on energy efficiency and competitive pricing allows it to offer alternatives to Nvidia, making it more appealing to enterprises managing rising energy costs and budget constraints. Unlike Nvidia, which has historically focused on high-end GPUs, AMD’s diverse product mix, including CPUs, APUs, and data center GPUs, enables it to serve a broader range of AI use cases. This could lead to more consistent revenue growth as AI applications proliferate beyond just data centers -- spreading into edge devices and personal computing.
NASDAQ:AMDLong
by xugina78
AMD correction done. TIME TO RISE! Huge bargain deal.AMD went on a good correction phase after touching a recent peak at 220 area following the market's long term trim action. Profit takers has swept the market even the top guns with the likes of NVDA, TSLA, AMZN, AAPL. Based on recent data, it looks like the market's correction has more-or-less come to an end -- and net positioning for most blue chip stocks has already commenced. AMD is one stock which you can't dismissed it's price growth potential after that huge discount drop. You know it's a bargain when a growth company gives it to you -- and not just a growth company, a major chipmaker / tech giant which the world can't live without. with the advent of AI and modern tech revolutions, AMD is one stock you can bet in the next 50-100 years. Based on recent daily data, we are currently bouncing off a major order block support at 150.0 area -- and a significant shift has been spotted. More series of ascending action is expected from this range -- with a possible breakout of its recent peak at 220 this year. This one, I won't doubt. Spotted at 150.0 TAYOR.
NASDAQ:AMDLong
by JSAL
3