AMD roadmap 2024`Short` based on Gann Fan + `Double Top`confirmation. Need to get more confirmations before going `Short`
AMD trade ideas
AMD - sit tight rally is comingI believe were going to break that channel and rally all the way up to 120-130 in the coming weeks. lets see how its plays.
AMD Surges After Launching AI chip that Could Challenge NvidiaAMD unveiled its MI300X chip, an AI-centered semiconductor designed to challenge Nvidia's global market dominance.
Advanced Micro Devices (NASDAQ: AMD) shares jumped in early Thursday trading after the semiconductor group unveiled an AI-focused chip for the data-center market, which it says could be valued at as much as $45 billion over the coming years.
AMD, which in June pegged the total addressable market for data-center chips at around $30 billion, launched the MI300X chip, designed to support generative-artificial-intelligence technologies. And it unveiled a next-generation semiconductor focused on supercomputing, the Instinct M1300A.
The MI300X, analysts say, could challenge Nvidia's NVDA dominant H100 graphics-processing-unit chip in the large-language-model AI market. Last month, AMD said the new chip could generate $400 million in fourth-quarter sales while the broader family of MI300 semis are expected to see sales of more than $2 billion over the whole of 2024.
Large language models "continue to increase in size and complexity, requiring massive amounts of memory and compute,” CEO Lisa Su said during last night's launch event at the company's Santa Clara, Calif., headquarters. “And we know the availability of GPUs is the single most important driver of AI adoption.”
Advanced Micro Devices shares were marked 2% higher in premarket trading to indicate an opening bell price of $119.12 each. Such a move would nudge the stock into positive territory for the past six months.
AMD last forecast fourth-quarter sales in the region of $6.1 billion, plus or minus $300 million, with gross margins of around 51.5%. That outlook following a mixed third-quarter-earnings report that showed big gains in PC revenue had partly offset the ongoing decline in gaming.
"While AMD acknowledged that its software can be further improved, it has reached the point of being 'good enough' for volume deployment," said KeyBanc Capital Markets analyst John Vinh. He reiterated his overweight rating on the stock following last night's launch event.
"We're encouraged that AMD has released a competitive AI GPU within a massively fast-growing (total addressable market), with endorsements by many high-profile customers," he added.
Technical Analysis
The RSI (14) is at 56.52, indicating a bullish momentum. The MACD (12,26) is at 0.68, suggesting a positive trend. AMD is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
AMD (Advanced Micro Devices ) Sell TF D1 TP = 104.0 On the D1 chart the trend started on Dec. 1 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 104.00
But we should not forget about SL = 125.88
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
The usual AMD swing?I think I posted this one before but the levels were not hit. Now the levels hit and I missed it, a little late, hehehe. Time to go down?
Long AMD double bottom and reversal out of downtrendLong AMD double bottom and reversal out of downtrend
AMD Short (2023.11.21) Current price : 121.53AMD Short (2023.11.21) Current price : 121.53
It shows that technical indicators are very overheated
It is worth aiming for a profit of at least 2%
Immediate SHORT swing on AMD!Please watch as I explain my analysis on NASDAQ:AMD
As always thank you for watching. I look forward to hearing from you in the comments down below.
AMD: First week of NovemberWas going to get all christmas themey here but will save it for SPY.
Here are the targets for AMD.
A break over the aqua (bull) threshold, we move to the high targets, but likely not to the top of the range.
A break below the orange (bear) threshold, we move to the low targets, but likely not the bottom of the range.
I have included the standard deviation breakdown by targets, including the price accumulation in that zone over the past 500, 30-minute candles.
Based on that, the most likely move is a move to PH1, as that is where price has been accumulating over the previous 500 candles.
But please note, previous behaviour does not predict future behaviour. Wait for confirmation either way.
Safe trades everyone!
Bullish theory for this weekThis bull flag seems resentless and already bouncing off the support. Indicators show a lot of room to keep climbing. If you're in $124 seems likely. Maybe sell calls above that. If you're not in $122 entry with a 1 point stop loss is reasonable
AMD Could break up or down with strengthAMD has been rising but shows weaknesses. There are many supports under the current trading price that may be retested, check the chart for the exact levels.
If it fails below 120.00, the fall can be long.
Instead, if it reaches, crosses and RETEST 121.50 from above, it can keep going up, potentially to 130.
DAILY OPTIONS preferred for this trade.
AMDRising wedge here with bearish divergence. Pullback to 117 most likely .. below 116 and 109 is next.
AMD Daily overview Strong uptrend. On its way to top resistance from a while back. Watch the 50MA as well
$AMD something like the rising threeAMD is presenting a pattern similar like the rising three in the monthly timeframe, but there are not only three candles in between the bull movement.
Anyway, this looks bullish in the long timeframes, lets see...
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Short AMD?Something's going on there at that level. Look at those sharp selloffs once touching that level where price is closing at right now. There's some evidence to take a risk on the swing to the downside, whaddya think?
