AMD trade ideas
$AMD - Can it breakout this time?NASDAQ:AMD is trading inside a descending wedge and recently rebounded from the 200DMA, base trendline, and 50% retracement.
Currently, it is testing the upper trendline. If it can break out, there is potential for it to reach $120.
The direction will likely depend on tomorrow's payroll data, which could lead to either a breakout or a rejection.👀
AMD Descending Wedge PatternAMD has been trading in this descending wedge pattern. On the bigger time frames it remains in a bullish uptrend. Held up by Fibonacci Speed Fan 0.618 amongst a confluence of horizontal levels. I expect a reversal to the upside is imminent if it can breakout out of the wedge.
AMD Technical analysis - Repeating trend?It looks like currently we're facing two resistances, if trend repeats as the previous one we could enter to another uptrend.
I have pointed out what could be a good entry point after pass both of them as well as possible take profit points based on Fibonacci Extension.
Any feedback is very welcome.
Regards.
Disclaimer: This is not investment advice and is intended for informational purposes only.
AMD a few outcomes here IMO 🔭scenario 1: bounce from this cluster support to 109.75 🎯/trend resistance then downtrend continues
scenario 2: we finally break trend resistance and see a very quick rally to 120.68-130.77🎯
boost and follow for more.. thanks 💙
$AMD Quarter 3 (Q3) AnalysisAMD is playing out as planned since the initial Q2 prediction with a dip into the buy zone. I’ve been saying that AMD is an excellent buy opportunity under $100, and the bearish August and September price action has helped to send AMD down to this price level. I have $158.53 as a key price target for Q4, and I believe that AMD will form a new all-time high afterwards. Long-term I think AMD will be a $400-500 stock. The yellow trendline has been acting as a support level and AMD just formed a bullish bounce off this support. The red trendline will act as short-term resistance on the way up.
AMD AnalysisPrice played out well since my last analysis, giving us a -10.96% move to the downside and respecting the bullish OB at 99.94. Price played out perfectly and is now giving a change of character. My expectation for this pair is to look for a confirmation when price enters the new bullish OB at 98.87.
Fundamentals from Technicals: AMDThe NASDAQ:AMD Weekly Chart shows that the stock had attempted to complete the long term bottom at 104.
But over the past few weeks, it dipped below that bottom completion level.
This week it has started move up. This provides a level of fundamental support.
If it had continued downward, then fundamentals would be lower. For now, it appears fundamentals are within the outlined range, an accumulation zone.
AMD: Here we go! 🎢Over the past few weeks, AMD stock has again visited lower levels below the 61.80% retracement in the turquoise target zone between $106.39 and $91.87. However, as of this week, the stock has been moving decisively higher, and we now believe that the bottom of the turquoise wave B has been completed. As a result, the price should now be in the turquoise wave C, which will take it higher. First, the resistance at $133.75 should be breached, ensuring further upside momentum. After that, the rise should continue significantly. The green target area between $152.04 and $190.39 is where we expect this wave's completion and, thus, the end of superior wave b in gray.
AMD approaching meaningful supportAdvanced Micro Devices (AMD) presently approaching meaningful support, able to absorb weekly selling pressures.
From here, (AMD) can recover and push to our next notable resistance level, eliciting gains of 10% from current price levels.
A settlement above this resistance level would push (AMD) to our next notable breakout point, able to absorb weekly buying pressures when tested and a meaningful upside continuation point into later year.
Inversely, a weekly settlement below the shown support would put (AMD) into a sell signal where losses of 20 - 30% would be expected over the following 3 - 5 months.
ai microchips are the new ev catalyst for bull cycle. interesting chart for long positions. something to consider.
AMD Down -23% Since the last update | What's Next? 🤔Daily bouncing off demand after a massive sell-off. Low holds, and we can see a small pump into daily supply above, where shorts can get another chance to short it with a target of new lows.
Weekly looks like it's just working on a massive Head and shoulder topping pattern and should be resolved after the Santa rally.
Will continue to update if there are any changes to the roadmap
AMD rebounce...to 124 ??#AMD have a good bouncing today after slide down serveral week.
IF #AMD can hold above 101$, next target 106$/111$
IF #amd below 101$ will back test 99$/95$
My target for #AMD hold above 95$ will be 124$
$AMD falling wedge to end today's action. Good signGood sign on NASDAQ:AMD with that falling wedge on the 15 min.
When a stock's been hammered for no reason at all except market volatility, we usually try to look for bullish reversals or bullish signs to enter on a swing.
Closing in a falling wedge is good. Doesn't ALWAYS pay off, but if you are swinging it likely means 4-12 weeks anyway, so it's relatively safe here.
Also looking on the Daily chart, it's right on the bottom of the flag trendline:
Follow for more insights.
AMD 2d XABCD advanced buy setup TP +185% gains🔸Hello traders, today let's review the 2days/candle AMD price chart.
Recently solid gains off the lows near 58 USD usd and currently pullback/correction
in progress after we maxed out at 125 usd. Having said that, bull run is not over yet,
and after correction expecting strong performance and new ATH for AMD.
🔸Setup is based on speculative XABCD structure, point X at 151, point A and 58,
point B at 124, point C at 70 usd and finally point D/PRZ at 190 usd.
🔸recommended strategy bulls: advanced buy/hold setup at point C 70 usd,
TP bulls is 190 usd point D, buy/hold setup, patience required.
keep in mind that this is advanced entry strategy for the bulls.
185% gains potential so we got great risk/reward in this trade setup.
recommend to confirm reversal/bottom with other indicator.
good luck traders!
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DESCENDING TRIANGLEPrice is beneath the triangle but no clear downtrend noted.
Price appears to be fighting the resistance line which was previously support within the triangle structure.
No recommendation.
Short with a clear downtrend.
Short interest is less than 2%
$AMD LONGNASDAQ:AMD
Possible Head and Shoulders Pattern if Price Action goes through the Cloud.
IMO -> Good Risk/Reward
AMD NASDAQ:AMD to aVWAP (YTD) @ $99 or so area
Depends on FOMC and broader market reaction, but I see this as filling.
Take NASDAQ:AMD $99 P 09/28 for speculation. I am long NASDAQ:AMD long term, but in the near term I see down side.
AMD - First Target For Entry Hit But... We've been looking at the 200 day MA with a view that this may be our first liquidty landmark for an entry into AMD.
But indexes having been building bearish momentum over the last week and so has AMD to the downside.
As I have been saying to my clients - the sting the the tail is often concealed until the latter phases of a trend and that could be happening here.
It did look shallow and fairly stable but now falling away.
Starting to consider that AMD could get all the way back to the retracement Golden Window @$76.6, but we will have to see how the Nasdaq continues and also if dollar hits a top.
IF it does that would be a GREAT deep retracement buy in a solid trending stocks.
Quite a few more moving averages below also that may see a bounce and a lot will depend on NDX, DXY.
Close to oversold on the day RSI so we may see some sort of bounce soon and perhaps the 200MA will be the liquidity landmark for a shakeout and it could even be the low - but i'd like to see more before committing here as indexes look dicey.
We are looking at AMD regularly and this whole area will likely be a steal as the bull market gets underway.
Not advice
BUY BUY BUY This is a fantastic buying opportunity for arguably the second best Semiconductor stock in its specific fields which are Database, AI & Gaming.
A great risk reward ratio is on offer here and I expect the name to bounce off the $95 level. This is a great opportunity to accumulate stock here ahead of their release in Q4 of the MI300 chip which is looking super hot.
Since its high in early June around $132 AMD's stock has not moved int he same direction as its fundamental's. This has to change by either the stock falling along with AMD'S fundamental outlook or the stock rising to play catch up with AMD's fundamentals. With AMD's outlook looking stronger & stronger, this presents a great text book buying opportunity here.
Bargain...
AMD Swing SetupAMD falling wedge into ~$95 demand. Could we see some demand step in and a wedge break for a swing trade? I'll be looking for a long if we start seeing some support/demand in this area for a swing trade.
AMD UPDATE When I'm working on a options play, I only am looking for a play that has minimal risk. For me AMD makes sense to short as close to the $111 level as possible and I think we are at a great place to place PUTS here. If we break $111.33 im out and cutting the loss. But if we pull back it will be a nice fall down.
AMD: A Move Below 99.50 Can Push The Price Down FurtherAMD: A Move Below 99.50 Can Push The Price Down Further
The price has already broken out of a strong support zone near 107.50
So far the price is still below 107.50 and it looks like AMD can face with a bearish winter if 99.50 will be broken.
$100 is a strong psychological price for AMD and a close of the daily and weekly candles below $100 should signal further weakness.
So let's see how far he goes this time.
You can find more details in the chart!
Thanks and good luck!
