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AMD trade ideas

Bulls Eye AMD: Key Breakout Levels Ahead**Brief News Update:** AMD will host the "Advancing AI" event on October 10, 2024, where it will unveil its latest Instinct MI325X AI accelerators and 5th generation EPYC processors. These products target high-performance computing and AI applications, with the MI325X offering up to 288 GB HBM3E VRAM and 6 TB/s bandwidth. Updates for the Ryzen AI PRO 300 series chips are also expected, potentially hinting at future line-ups like Strix Halo. The event will be streamed live via AMD's website and YouTube channel. AMD is expected to announce its quarterly earnings on October 29, 2024. **Monthly Timeframe Analysis** Five months ago*, I highlighted the Scallop formation, which has since broken out to the downside. However, the bulls managed to push the price back into the Scallop zone, as the closing price consistently remained within the range. This suggests that the bulls are keen on keeping the price above $140. The last two white bullish candles indicate a strong move, and my DTMI indicator points to a potential trend reversal. However, keep in mind that the white dot is on a still-open candle, so it is not yet confirmed. The #stoch RSI indicates there is still room for upward movement. **Weekly Timeframe Analysis** Looking more closely at the regular candles, while the broader picture suggests room for further upside, the trend needs to break first. We see a lower high (LH) and a lower low (LL) printed. The $187.28 level needs to be broken to look higher. If this doesn't happen, we may print another lower high (LH), and the previous low will likely be tested again, with a possible drop toward the psychological level of $100. It's crucial to monitor the market #structure closely, as the breakout of the resistance line occurred without above-average volume. This may mean the volume is yet to come, perhaps with the event on October 10. **4H Timeframe Analysis** I also want to discuss the W-formation, where the price is currently closing a gap. However, we must still account for a potential pullback to the underlying mini-gap. If the $162 level holds, this formation could present a good point for a trend reversal. As mentioned earlier, the $187 level must be broken to confirm the upward structure. **Conclusion:** The price shows signs of a potential upward movement on both the monthly and weekly timeframes, with a few critical resistance and support levels to watch. The upcoming event on October 10 could act as a catalyst for further upward movement, but there isn't enough volume to confirm this yet. Be mindful of pullbacks and the trend. On the Weekly timeframe 5 months ago*, since April, we’ve seen a ⁠choch forming with lower highs and lows, signaling a downtrend below the ⁠EMA 50. A bullish reversal in January 2023 led to an uptrend, reaching an ATH on March 4, 2024. The current pullback to the 0.5 Fibonacci level, supported by the ⁠EMA 50, aligns with an inverted ascending scallop, indicating a potential turning point as the ⁠stoch hits the floor. **Resistance Levels:** - $313 (Scallop target) - $227 (#ath) - $187.28 **Support Levels:** - $162 (W-formation) - $140 - Psychological level of $100 *Disclaimer: This is not financial advice. Always do your own research and assess your risks carefully.*
NASDAQ:AMD
by Tims.Technische.Analyse.
AMD LONGFollower requested AMD analyze! if you want also you can DM. This week we retested and succeeded ! next target would be 180-185 range. expecting a small pullback when reaching 180 range and should reach the upper range 200$. Next update when we reach 180$ range, our first target and test to see if we will continue up or fail ! TARGET 1 : 180$ area TARGET 2 : 200$ area * will update if there is any change in sentiment of the structure * for any question drop them below, and HIT THE FOLLOW BUTTON
NASDAQ:AMDLong
by ChartHouse_
$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week. The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in. My positions are as follows: Calls over $171.21, with targets at $177.55 and $185. Puts under $164.42, with targets at $162.58 and $154.49. Let’s stay sharp and position ourselves for what could be a pivotal moment for NASDAQ:AMD this week. Cheers.
NASDAQ:AMD
by Solidified
4
Advanced Micro Devices, Inc. | Chart & Forecast SummaryAdvanced Micro Devices, Inc. | Chart & Forecast Summary Key Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
CAPITALCOM:AMD
by TradePolitics
Advanced Micro Devices Inc - NASDAQHello and respect to my dear friends! Today, while examining the Nasdaq indices, I came across a beautiful chart that could potentially bring us good profits! I'm sharing my analysis with you. Please pay attention, as I have identified two positions. After the price reaches these levels, it is crucial to be patient! Wait for an appropriate candle that confirms the trend in accordance with our analysis to form. Only then can we confidently enter a long-term trade to reach the desired area specified in the analysis and achieve our target profit. To achieve a suitable profit, we need to be patient and accept the risks of trading before entering the market. Rest assured, I will update the analysis at the right time. The chart is drawn in a simple and straightforward manner for your convenience, dear companions. I hope all of you are successful and victorious! 🌟 Thank you!
NASDAQ:AMD
by fereydoon1199
5
P/E ratios, do they really have any predictive value?Some traders believe that the P/E ratio (Price to Earnings) of a company can be used to make good trading decisions. This ratio basically measures how "cheap" ("undervalued") a company's stock price is by comparing its earnings-per-share (EPS) to its current stock price. The generally accepted idea is that stocks with a "low" P/E ratio are "good", while those with a high P/E ratio are "bad" and should not be bought. Nothing could be further from the truth, for many reasons! The first one is that a company facing financial difficulties (not known to the public yet) or in serious trouble can still have a "low" P/E and attract tons of unsuspecting investors/traders. On the other hand a "high" P/E ratio could simply mean that the company is GROWING (its stock price and EPS are rising at the same time). Famous trader and author William J. O'Neill did a study on these P/E ratios and later concluded, in his now famous "How to make money in stocks" book : "Contrary to most investors' beliefs, P/E ratios were not a relevant factor in price movement". Take Advanced Micro Devices Inc. (Nasdaq symbol AMD) for instance, the stock I talked about recently. In September 2023 its P/E ratio was 856.83, an "insane" P/E ratio for most traders. And yet AMD proceeded to more than double in price less than 6 months later, see for yourself (chart above, blue line)! Ok, I am NOT saying that P/E ratios are meaningless and should be discarded, just be warned that they are virtually worthless if you try to use them to predict future price movements in the stock market, ESPECIALLY in the short term. Happy trading fellow traders, and stay on the right side of the market.
NASDAQ:AMD
by ProfitableTradingSignals
AMD Poised for Potential BreakoutNASDAQ:AMD appears to be switching direction and showing signs of a potential recovery as it recently crossed the 150-day moving average. There is a strong indication for a target price around $187. Different traders might see varying patterns in AMD’s price action: a double bottom (W pattern), a bullish flag, or a cup and handle – all of which suggest a similar price target around $187. Personally, I view it as a cup and handle. However, before taking a position, I’ll be watching for a support test on the recently broken resistance line and for the stock to enter the gap. The current volatility, indicated by a high CCI, suggests that a retest could provide a safer entry point. Therefore, my stop loss will be set at the gap entry to manage risk, with a potential upside of around 10%. What are your thoughts? Do you agree with the $187 target, or do you see a different pattern emerging?
NASDAQ:AMDLong
by elka_graph
Be careful with AMD !!!Be careful with AMD !!! we can hope that the price will act like a Crab pattern and the price will grow well. I expect that the price will grow very quickly... ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NASDAQ:AMDLong
by CobraVanguard
1
Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs: Click chart above to see the detailed analysis👆🏻 This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months. Levels to watch: $250 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
10
AMD: Has Reached a Critical Resistance Level!In our last analysis on AMD, we correctly identified the persistent uptrend, and set our target at $162, which today, exactly two weeks later, has been reached. The link to our previous public analysis on AMD (from Sep 11) is below this post. This is now a critical point for AMD. Daily Chart (Left): Resistance Test: The price has rallied from the lows and is now it hit the $162 resistance level. This level is critical as it marks a prior high from August. A break above this level could open the way for further upside toward the next resistance near $187.28. 21-Day EMA: The price has consistently remained above the 21-day EMA, confirming the bullish trend. This dynamic support has helped the stock maintain upward momentum. Upward Trend: The overall structure shows a clear series of higher lows, reinforcing the bullish bias. Weekly Chart (Right): Pivot Point: On the weekly chart, the $162 area aligns with a key pivot point, making this a crucial zone to watch. If AMD can break and close above this level, it could signify a larger trend continuation toward the $187 resistance, at least. Trendline Support: The long-term ascending trendline from the $132.83 support remains intact. The price has bounced off this trendline recently, adding further confidence to the upward movement. This trendline will continue to act as a key support level in the broader timeframe. Conclusion: AMD is trading near the $162 resistance, which serves as a key area for further price action. A successful break above this level could push the stock toward its next resistance at $187.28. However, failure to break this level may result in a pullback toward the $150 area, where the 21-day EMA provides support. Keep an eye on the $162 pivot point as the immediate hurdle. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD: Close to giving the signal for mega buy to $295.Advanced Micro Devices is about to test the 1D MA200 on very healthy bullish technicals on the 1D timeframe (RSI = 60.924, MACD = 3.070, ADX = 28.078). This chart is on the 1W timeframe which is still neutral (RSI = 52.205, MACD = -1.400, ADX = 23.295), meaning that if the 1D MA200 breaks, the market would still be significantly undervalued with strong upside potential. As shown the long term pattern is a Channel Up, with the Fibonacci levels explaining pressure zones. The two bullish waves of the Channel have remarkably been of the exact same rise (+143.89%). If the once that will be validated by the 1D MA200 crossing posts the same rally, we expect the 0.786 Fib Channel level to be reached and we will set our target accordingly.(TP = 295.00). Perhaps the strongest reason to buy for the long term right now is the Bullish Cross on the 1W MACD (seen on the pane below the chart). This has been formed exactly on the two prior bottoms of the Channel on November 6th 2023 and November 14th 2022. Combined with the 1D MA200 breakout, this MACD formation is the mega buy signal we've been waiting for. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope