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AMD trade ideas

AMD Earnings Breakout or Breakdown??With Q3 '23 earnings set for tomorrow 10/30/23 AMD is perfectly positioned for a huge move to either the downside or the upside. Stock has traded in a descending channel since experiencing a meteoric rise after reporting Q1 '23 earnings, ultimately setting a high-water mark of $132.83 on 06/13/23. Overall Market has been in a downward trend and many stocks are trading at critical levels of support. Earnings trend has been to run up on good results in the pre and after markets, only to show weakness during the trading session. TNX, DXY, and VIX are all trading at heightened levels and due for a pullback possibly opening the door for stocks to go higher. However, current macro-economic data and social/political events could drive markets lower. Bull Case 1. Strength above red Ascending Support Trendline 2. Strength at the bottom of the Descending Channel(D). *Possible DBL BTM forming at Key Level that coincides with the bottom of the Descending Channel(D), Ascending Support(D)(Red Trendline), and the Golden Zone(Yellow Rectangle) of a Fib Retracement from the 52wk Low to the high-water mark made after earnings. *AVWAP(52wk Low) adding additional confluence to the area. 3. Break above the 200MA(D), 50MA(D), and 100MA(D) *Stock is currently trading below all three. 4. Break above Descending Channel(D) 5. Bullish price action, candlesticks, or chart patterns inside the Golden Zone. Bear Case 1. Rejection of the 200MA(D), 50MA(D), or 100MA(D) *Stock is currently trading below all three. 2. Weakness below Ascending Support(D)(Red Trendline) *A break below the AVWAP(52wk Low), Key Level, or the VAL(AVP)(52wk Low) would be strong confirmation of further downward pressure. 3. Break below the bottom of the Descending Channel(D)  Awareness Category 1. Stock is trading at the bottom of the Bollinger Bands. 2. Chart is set to confirm a DBL BTM or DBL TOP. Follow the trend. 3. RSI(D) is oversold however, it may have formed a DBL BTM signaling a reversal. 4. Market continues to exhibit signs of distribution, resulting in huge swings in both directions.
NASDAQ:AMD
by JimmyNoDice
1
AMD - BULLISH SCENARIOAdvanced Micro Devices (AMD) has projected $2 billion in 2024 sales from a new chip designed to compete with Nvidia, helping their stock rebound after missing quarterly expectations. While their gaming and certain programmable chip segments faced challenges, AMD expects the MI300 chip to generate $400 million in Q4 revenue, with a 2024 sales forecast of $2 billion. AMD is preparing to launch the MI300X chip, aiming to rival Nvidia in the data center AI market. AMD's CEO, Lisa Su, mentioned that multiple large hyperscale customers have committed to using the MI300 chips. Despite these positive developments, other segments faced difficulties. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:AMDLong
by legacyFXofficial
💵  E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S           Current 50-Day Market Trend: short/sellers/negative. Next Swing: positive swing to resistance. Next Wave: buy wave to the deviation. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close.          💵 E A R N I N G S A T A G L A N C E Release Date: 10/31 AMC Quarter: FQ3'23 _______________________________________________ Revenue Anticipations: positive surprise of Revenues. Revenue Surprise-Confidence: on a scale of 0-9, #4 Revenue 2-Year Trend: the company trend in Revenues is positive. _______________________________________________ EPS Anticipations: positive surprise of EPS. EPS Surprise-Confidence: on a scale of 0-9, #5 EPS 2-Year Trend: the company trend in EPS is neutral. _______________________________________________ 📝 S Y N O P S I S  🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.  ⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.  🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise. 🔎 R E S E A R C H D E P T H Technical Analysis: daily chart. Fundamental Analysis: EPS & Revenue data. Press/News: none. Social Media: none. ☝️ P R O V I S I O N The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
NASDAQ:AMD
by UnknownUnicorn28743597
1
Buy AMD before they report earnings tomorrow..We highly recommend buying AMD into the close today ahead of their Q3 earnings report tomorrow where we are expected to hear a beat in sales and hopefully a better than expected report on the sales of their MI300X AI chip. I believe that Lisa Sue will give several positive updates on the business and its strategy moving forward which should lead to an incline in the stock price back towards the previous swing highs for the stock around $120/130 a share.
NASDAQ:AMDLong
by DailyMarketMovements
AMD to below 40The giant run up over the last year accomplished one thing: forming a giant glaring lower high. people don't see it, they think we're forming a cup and handle. they are dead wrong. the big stocks with unreal PE ratios are all going to crash back down to earth. We KNOW that the fed cannot fix inflation without a recession and crash. the irrational runup over the last year is just more fuel for the dump. Zooming out to the monthly we can see this happened twice in the 2000's and remember AMD was priced below 2 dollars just a few years back. The giant runup we had since that 2 dollar market is going to almost completely retrace. do not take a long position in the faang stocks, they are a timebomb and they are about to go off.
NASDAQ:AMDShort
by Fraggle_Rock
AMD Inverted H&S (4H)AMD on the 4 hour chart is creating a possible head and shoulders pattern at a demand/support zone (Blue zone). Additional confluences: - Falling wedge at a key support/demand zone - RSI bullish divergence (Illustrated by blue slanted lines.) - MACD histogram bullish divergence (Illustrated by blue slanted lines.) - 4H candles creating a double bottom at the base of falling wedge Swing Idea: I will watch for price to move above the next resistance at the yellow zone between ($101.46 - $101.72). Creating a higher high than higher low before holding above the yellow zone. This move is Illustrated by the solid black line with the arrow. Being that this is an inverted head and shoulders pattern, I am looking to swing to the neckline which is located at the next major resistance at the red zone above between ($111.09 - $111.77). Stop loss is daily timeframe candle close below $99.07. TARGETS: $104.67, $106.93, $109.85 STOP LOSS: $99.07 CAUTION: AMD has earnings reporting on October 31st so this will either destroy this trade or put us deep in profit.
NASDAQ:AMDLong
by Stockstradamus_
AMD’s Pullback Could Be EndingAdvanced Micro Devices more than doubled in the first half of the year. Now, after a healthy pullback, the semiconductor stock may be ready to climb again. The first pattern on today’s chart is the falling trendline along the highs of June, August and September. AMD pushed through that line last week and has remained above it since. Next, the $105 area was a peak on September 29. Prices tested it on Friday but are now rebounding. Has old resistance become new support? Third, the current gains are occurring at the 50-day simple moving average (SMA). Further upside from here could turn the intermediate-term trend higher. Also notice how the bounce started at the 200-day SMA on September 25. That may suggest its longer-term uptrend remains in effect. Finally, MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA. Those signals could reflect more bullish price action in the shorter term. The next earnings date is estimated for October 31. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AMD
by TradeStation
3
AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: my last update on AMD was published a long time ago, July 29th. In summary, I expected bullishness at that time. Update: Analysis of the Structure: I am now labeling the bullish move of October 2022 to Jun 2023 as a wave (a) of I and since then, we are in wave (b) of I, correcting that whole bullish move. Wave (b) is developing as a triple zigzag and currently, we are starting wave y of (b). The structure of whole wave (b) has been really messy to count including very complex flat correction. Analysis of the Cycles: The low of September 25th was the first 40D cycle trough in the second 80D cycle of the first 20W cycle of the current 40W cycle. We are expecting a 20W cycle trough in the first week of November. This means we should get a huge amount of bearishness going into this trough, also a strong bounce out of it. The 18M cycle trough is also expected in March 2024, which would be the wave (b) bottom.
NASDAQ:AMD
by bamdadsalarieh
7