AMD RSI divergeance. Shorting break of Fridays low. Sector charts showing divergeance in MACD and RSI. target is 50D MA. Shortby scw0008221
AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisReview: Let's review the key points of the previous update (Oct. 14th): 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). 20W cycle trough in the first week of November. Huge amount of bearishness going into this trough, also a strong bounce out of it. Update: From October 12th to 26th we got a strong bearish move as wave y and we also got the strong bounce out of it (we had identified the structure correctly). The only difference was that we did not form the third zigzag as expected and started making higher highs. Analysis of the Structure: We are in wave C of (5) of C of III. Analysis of the Cycles: We are in the second 10D cycle of the first 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle. 20D cycle trough expected on January 19th. It's FLD has generated an upside target of 159.43. 40D cycle trough is expected February 2nd-6th. 20W cycle trough on March 11th. by bamdadsalarieh6
AMD?interesting chart. i have the AVWAP at the 52 week low showing confluence with the support trend line. after earnings and fed speak we broke out the channel. were coming close to geting above the 0.68 fib retrace from last high 132/133ish area. were also tradin above the 200-100-50 moving averages that can also be a giant bull flag and cup and handle and all those measured moves take you to key areas. idk if it gets there or when. but just a text book looking chart right now. Longby JbridgezUpdated 4
The goal of reducing $40According to the Butterfly pattern, the decline at the target of $ 40 ideally converges. We also go down the channel where the lower border of the channel will be. All 2 parameters should be added together. We should reach it by the end of 2024, there will be a great point for going to long.Shortby Tontine_Coffee_HouseUpdated 112
AMD Correction expected on this Double Top.Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below): We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new correction doesn't have to be that long, even a shorter one is plausible as the same 1D RSI Bearish Divergence (on Lower Highs) that we currently have, was seen on all corrections within the 18-month Channel Up, with the shortest of them being -15%. Assuming this worst case scenario, we turn now bearish and target 129.00 (-15% from the Top). Then as long as the 1D MA200 (orange trend-line) holds, or even if broken when it gets reclaimed, we will buy again for the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot118
AMD's Strategic Moves & Innovations Advanced Micro Devices ( NASDAQ:AMD ) is making waves in the tech industry, unveiling an array of groundbreaking products set to redefine the gaming and desktop computing landscape. With the launch of the Radeon RX 7600 XT graphics card and the Ryzen 8000G series desktop processors, AMD is strengthening its position in the market, challenging competitors, and signaling a promising future. Radeon RX 7600 XT: A Game-Changer in Graphics Performance NASDAQ:AMD 's latest graphics card, the Radeon RX 7600 XT, is set to revolutionize gaming experiences with its impressive features. Boasting 16GB of high-speed GDDR6 memory, the graphics card supports next-generation AI and content creation workloads. This move enhances AMD's competitive edge against industry giant NVIDIA, particularly the GeForce RTX 2060. What sets the Radeon RX 7600 XT apart is its compatibility with AMD FidelityFX Super Resolution and HYPR-RX, along with AMD Fluid Motion Frames. This combination promises up to 1.9 times faster gaming and raytracing performance compared to the NVIDIA GeForce RTX 2060, showcasing AMD's commitment to delivering cutting-edge technology to its user base. The graphics card is slated for release on January 24, 2024, through leading NASDAQ:AMD board partners such as Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, and XFX. This strategic move positions AMD as a key player in the gaming hardware market, ready to cater to the demands of enthusiasts and professionals alike. Ryzen 8000G Series: Unleashing Desktop Power The introduction of the Ryzen 8000G series desktop processors for the AM5 platform is another testament to AMD's commitment to innovation. The Ryzen 7 8700G, with its world-leading built-in graphics, features up to eight cores and 16 threads, offering a powerful solution for desktop users. NASDAQ:AMD is also bringing Ryzen AI to the desktop, unlocking new possibilities for consumers in the AI space. Additionally, the Ryzen 5000 processors, including the Ryzen 7 5700X3D with 3D V-Cache technology, further solidify AMD's position as a leader in high-performance CPUs. Riding the Wave of Success: AMD's Strategic Vision NASDAQ:AMD 's success story is closely tied to its strategic decisions, particularly under the leadership of CEO Lisa Su. Over the past few years, NASDAQ:AMD has shifted its focus to its core competency – high-performance CPUs and GPUs – resulting in significant market share gains over competitors like Intel. The company's CPU market share has surged from 18% in 2017 to an impressive 36% in the fourth quarter of 2023. The company's expansion into AI is a strategic move to tap into the growing market, projected to reach a trillion-dollar valuation by 2030. While Nvidia currently dominates the AI GPU sector, NASDAQ:AMD 's upcoming MI300X AI GPU is poised to challenge that dominance, offering a fresh and competitive alternative. Technical Outlook: Riding the Rising Trend From a technical perspective, NASDAQ:AMD 's stock is on an upward trajectory, showcasing investor confidence and a positive outlook for the company. Breaking through resistance levels and presenting a lack of immediate hurdles in the price chart, NASDAQ:AMD appears poised for further growth. Conclusion: As NASDAQ:AMD continues to unveil innovative products like the Radeon RX 7600 XT and Ryzen 8000G series, the company solidifies its position as a key player in the tech industry. With a strategic vision, strong leadership, and a focus on high-performance computing, NASDAQ:AMD is set to capture the gaming and desktop markets while venturing into the lucrative field of artificial intelligence. Investors and tech enthusiasts alike are keenly watching NASDAQ:AMD 's journey, anticipating further success in the ever-evolving tech landscape.Longby DEXWireNews4
Parabolic Curve PatternLooking for 3 base to sky rocket, possible trade once break red 3 base line.Longby GangsterPug3
amd could sell off to 145 now that we have test highs going into 150 if we lose SMA only would short if we are under SMAShortby brownmatthew0940
AMD - Approaching All Time HighsHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive breakout in 2016 we saw a rally of more than 4.500% on AMD. This rally was perfectly followed by a correction of 70% in 2022. As mentioned in my analysis, I am now waiting for a retracement back to the previous structure and if we have enough bullish confirmation, I will then look for potential trading opportunities. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.03:17by basictradingtv2424441
$AMD rebounded from its lower trendlineHi Traders! NASDAQ:AMD is showing a promising uptick, having rebounded from its lower trendline and now ascending. A critical point to watch is the $141 level. Overcoming this could steer the stock towards the significant $144 mark, a gap fill area. This upward momentum could extend even further, potentially reaching above $147. Keep an eye on these pivotal levels for NASDAQ:AMD 's trajectory.by RockyFresh3400
AMD AnalysisPrice played out nicely as analyzed last week, giving us a -9.14% move to the downside. From here, price could continue the bullish move following the bullish order flow since it has already taken the first liquidity at 135.37, or potentially continue lower into the bullish OB at 125.73 before continuing with the bullish move.by Keeleytwj5
AMD long profit after Cup & Handle ?AMD long term profit ? A popular stock + Cup & Handle pattern + Above the average line 150 + Chip field is "HOT" + UP trend line. Only an idea and not a recommendation for trading!Longby dovale1972115
Immediate short on AMD! Thank you as always for watching my analysis on AMD. Please feel free to like, share and comment this post! God bless you! Short04:01by OptionsMastery3
$AMD LONGNASDAQ:AMD - Breaking out from a multi-month falling wedge after holding the $100 support nicely which is a HUGE high timeframe support and psychological level. This breakout can lead us to previous ATH at around $150-$160 level in the next 2-3 months.Longby MarketWizard94Updated 2
AMD LONGAccording to the visibility we have a cup and handle situation, a breakout and then back to check support, with the entry of buyers it will continue with the possibility of a profit of almost 60%. Neither recommendation nor financial advice.Longby shon1262000112
AMD Stock: Crucial Support Levels – Breakout or Rebound AMD Stock: Crucial Support Levels – Breakout or Rebound Advanced Micro Devices (AMD) stock is at a crossroads, hovering around significant support levels. Investors are now closely monitoring for potential outcomes – a decisive breakthrough or a resilient bounce-back. Support Levels in Focus: AMD finds itself navigating critical support levels. Observing how it responds in this vicinity is important to gauging whether it's preparing for a significant directional shift. Breakout Scenarios: Should AMD breach these support levels, it could signal a compelling shift in market dynamics. Traders will scrutinize trading volumes and various technical indicators for confirmation, indicating a potential bearish trajectory. Bounce-Back Potential: Conversely, if AMD consolidates and gains support at the current levels, it may set the stage for a rebound. Positive market sentiment, solid fundamentals, or favorable news could spark renewed interest among investors, propelling the stock upward. Watch carefully AMD navigates these crucial support levels. by MindOverMarket2
AMDAMD is bullish across weekly chart. It has broken above $130 resistance and currently pending shallow retrace to complete Wave 5 which would be a New ATH. Bullish till end 2024.Longby Gymveski3
AMD AnalysisPrice did not play out as analyzed last week, price went deeper into the bearish OB and is showing signs of bearishness right now. I'm expecting price to head towards the discount area of the PD array before continuing higher.by Keeleytwj10
$150 early next year theoryIf this weekly isn't a cup and handle then i don't know what is. If you're not in you could wait for $132.50 as an entry. Have your stop loss placed after that. Longby Needlez33Updated 7
AMDbearish divergence bearish AB=CD pattern double top daily TF potential reversal zone with fib extension Shortby SurgiForex1
EOY review $AMD explosive move up, still inside year NASDAQ:AMD what a move, bright green year, but still inside year outside quarter, inside year extended? maybe, who knows, but.... always room for a further move up, especially given the highs of '22 and '21 both, not taken out yet.... let's see how semi conductors will move from here, in the A.I. eraLongby RobinsOptions0
Bonus PostingI wanted to post on AMD today as it recently made news for challenging NVDA's control over the market. Looking at the weekly chart, it appears clear to me we are coming to the end of this move up that started in July 2015. Thats over 8 years' worth of price action that is about to begin consolidation. The retrace could last as short as a couple years to a couple decades. Due to this being with-in a wave ((3)), I imagine it will be on the shorter side. This still means we will be in a corrective move downward for a couple years at minimum IMHO. Check out how low I am predicting this thing can go. No, I don't think it will drop that low, but it is possible. Anyone who tells you different either doesn't believe EWT or doesn't understand it. I think it will drop to around $50 before it starts to rise again towards my next target that's over $1K. Do these numbers shock you? Me too, my first reaction is to say, "yea right, get real". However, I didn't make the rules, I just follow them. According to EWT, if the company continues to operate wisely, it's not a matter of if, but when. Let's start with what is in front of us though. Right now, I am predicting price will move towards the area of the 0.786 @ $329.51. According to the structure, we just need a 5-wave move to create a new high for completion of ((1)). I haven't quite boiled down to the micros, but it appears we're in a microwave 3 of 5 to end ((1)) We're also already with-in the target box for this extended move up. Remember to look back at this when AMD starts to drop next year.by TSuth111120
AMD, Worst Case Scenario and it still suggests making a new ATH!It seems madness to talk about making a new ATH these days with such a panic in the market due to FED's decision to raise the rates .Please follow the analysis to see if this is really a madness or just being realistic without caring to much about emotions , feelings and NEWS !. What I am proposing here on the chart as wave count is what I can see as worst case scenario however, I welcome and embrace any more pessimistic wave count which anyone can suggest. So, If you have such a wave count please let me know and let us share our ideas. I divided the chart into two sections with a vertical line to keep the chart clean and being focused on details of latest moves. I called the left side of the chart as territory of cycle degree wave 1 and 2 which means we are currently in cycle degree wave 3 started on 27th July 2015 at 1.61 USD. Why I call this wave count as WORST CASE SCENARIO? Since, I considered a completed cycle with start point at 9.04 USD on 4th Apr 2018 and end point at ATH with extended wave 5s in all subdivisions ! As we know extended wave 5 is usual in commodity not stock market . What is common in stock market is extended wave 3 . I remarked extended wave 5s in different wave degrees on the chart. It is really a pessimistic wave count. Yet it is valid . Considering this wave count as a true one , We are in primary degree correcting wave 4 (circled) and still there is one leg up to new ATH around 180 USD to make cycle degree wave 3 complete. Possible buy zone for this scenario is shown on the chart by green box. If this scenario happens , We will have a big correction at new ATH, Then another massive bull run and after that a big crash ! but, It is to soon to talk about. In upper left corner of the right side of the chart , I showed a schematic drawing of an extended wave 5 with it's typical retracement. Typically, retracement of an extended wave 5 ends is top of wave 3 or wave 1 of 5. This guideline makes our suggested buy zone even stronger. WORST CASE SCENARIO implies that we may have more optimistic scenario . Is there any? Of course there is . Since bodies of candles of current down going wave more than likely will enter to the territory of what labeled as wave 3 of (5) of circled 3 in daily time frame, we can consider wave cycle started at 72.5 USD on 13th May 2021 to be completed at ATH on 30th Nov 2021 with extended wave 5 .( There is alternative wave count which also considers this cycle a completed one but makes no difference in terms of price target in broader view). Also , extended minor degree wave 5 for intermediate degree wave (1) can be acceptable since both retracement and correcting pattern satisfies extended wave 5 pattern (See schematic drawing once more ). But , What about extended wave 5 of (3) starting at 36.75 on 18th Mar 2021 and ending at 99.23 at on 11th Jan 2021? Neither amount of retracement nor the correcting pattern confirms this to be extended wave 5 !. If so, It can be considered as wave 3 of a different cycle with last up going wave (from 72.5 to ATH) being extended wave 5 of same degree and up going wave from 27.43 to 59.27 being wave 1 of same degree. In even more optimistic wave count this can be wave 1 of a new starting smaller degree up going wave cycle ! Try not to be confused ! All of these means that we may have more optimistic scenario with more up going waves with successive new ATHs one after another. All in All, I assume that in worst case scenario, cycle degree wave 3 is yet to be completed. There are even more optimistic scenarios. Please let me know if you can make a more pessimistic yet valid wave count. As I previously emphasized , I believe AMD will see unbelievable targets in long term. Hope this analysis to be helpful. by SaeedSajediUpdated 272727