AMD above to get a MACD crossing upMACD about to cross up and down trend line break. 20 ma still needs to be broken through.
AMD.B trade ideas
$AMD Once in a LIFETIME MY PLANI am long 137.18 with options TARGET 160 🎯up 40% so far
This has 10X opportunity written all over it STRONG reaction on the 618 FIBONACCI
I will share with you how I LAYER in OPTIONS and potentially SHARES
❤️if ur in!
Advanced _ Micro _ Devices _ Inc _ Sep _ Week _ 2 Advanced _ Micro _ Devices _ Inc _ Sep _ Week _ 2 _ Distribution _ Prices:
I will use a simple mathematical formula to breakdown the next mid area prices.
Support confirmation = $144.58
1st Distribution price = $150.62.
___________________________
2nd Distribution = $157.65
$160.99
$161.60
$170.31
$179.18
$184.92
We will take a short break.
Identifying some HTF Trade OpportunitiesJust going through some of the HTF opportunities I've been identifying for the past few days.
Happy Trading :)
$AMD - Trendline provided support so farNASDAQ:AMD bounced from the trendline. Targets from the August 14 post remain unchanged. We'll see where it is by the end of the week.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
AMD - HTF AnalysisNo trades clear to me on AMD as of now - I need to see some HTF algorithms proving themselves without any expectations. We do have a strong HTF buying continuation approaching but I would like to see some further tapering on the buy & sell side before expecting this to hold.
Happy Trading :)
AMD - Potential Breakout Ahead In this post, I'll explain why AMD looks like it is in a classic Wyckoff accumulation phase and why we might see an upside breakout, despite September being a typically bearish month. I will break down the subphases of accumulation based on the Wyckoff method and analyze how volume supports this bullish structure. To support this idea, AMD has had a recent positive earnings, accompanied with a plethora of bullish news.
Wyckoff Accumulation Subphases and Volume Analysis
Preliminary Support (PS): This is where early buying interest stepped in, with volume gradually increasing, lime green vector candles show that larger players are starting to accumulate shares. Red vector candles at this point reflect a test of supply as the price created a resistance, with market makers absorbing sell orders to set the stage for the next phase.
Selling Climax (SCLMX): The SC marked the lowest point, where panic selling peaked, accompanied by a large red vector candle. This candle represents significant selling pressure, but market makers and institutional players were stepping in to absorb it, creating the bottom of the accumulation range.
Automatic Rally (AR): Following the SCLMX, the price rebounded into an automatic rally. This is a natural reaction to the exhaustion of selling pressure, with lower volume, as the market adjusts to reduced selling intensity. No aggressive buying yet, but a signal that the market is consolidating.
Secondary Tests (ST): The ST retests the support level established at the SC. The second ST broke below support, accompanied by another large red vector candle. This indicates that the market makers were again absorbing the remaining supply, setting up for the next phase. The high volume reflects this absorption, confirming the presence of significant players preparing for the bullish move.
Period Between the Second ST and the Sign of Strength (SOS):
After the second ST, the price moved back toward the resistance formed near the PS level. Red vector candles appeared here, signaling market makers were once again testing supply at higher levels. The price tested resistance, absorbing any selling pressure, and allowing market makers to accumulate more shares without allowing the price to break out prematurely. This period is a crucial transition in accumulation, where market makers want to confirm that no large selling pressure remains before moving toward the Sign of Strength (SOS). By absorbing this supply at higher prices, market makers ensure that there’s minimal resistance when they push the price higher during the SOS phase.
Sign of Strength : The SOS phase represents the first significant bullish movement, where the price rallies sharply on large green vector candles. This shows that market makers have started marking up the price after absorbing most of the supply. Volume increases during this move, confirming strong buying demand as the price tests the upper range of resistance.
The green vector candles are a sign that market makers are starting to push the price higher, preparing for the final shakeout.
Spring: The spring comes after the SOS, where the price drops below the established support for a final shakeout. The goal here is to trap weak hands, triggering stop losses and forcing retail traders to exit their positions. This move down is marked by red vector candles, indicating significant selling pressure, but again, it is being absorbed by larger players.
High volume during the spring signals that market makers are buying into the drop, absorbing the last bit of supply before the upward move.
Test: After the spring, the test occurs at lower volume, confirming that no significant selling pressure remains. Smaller green and red candles appear during the test, suggesting that the market is now balanced and ready to move upward.
Some SERIOUS support on AMD for a nice swing trade! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
AMD: Wave 3 Expect selling to continue for AMD and look for a break of the support. Looking for a gap down next week, then a small rally before selling continues. When 125 is broken, 100 is next target.
AMD (Advanced Micro Devices) SELL TF H1 TP = 134.58On the H1 chart the trend started on Aug. 21 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 134.58
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, WeBelievelnTrading
AMD to touch 132 - Technical analysis
Looking at the current chart and trend. AMD will hit 132 and bounce back.
Look for the setup and trade friends.
Rohit & Suresh
Mix signal for AMD AMD is currently in a downtrend channel, raising the question of whether the intermediate support trend line can hold. If it falls below $115, a double-digit price could be on the horizon. With the AI hype cooling off, the likelihood of a continued downward trend seems higher.
AMD - $140 Nice Entry / $300 Target0. Notes to follow;
1. AMD apppoints Keith Strier senior VP of global AI markets
This guy just came from Nvidia, he led up the Sovereign AI Initiative.... A little coup here
2. More to follow;
AMD ShortBig sellers on the weekly and daily. Looking to return to last buying area. Might be a little ambitious so take some profit on the way down.
AMD - HTF Analysis! HTF Algos are always clear for usTrade based on HTF algorithms and trust your trade! Unless you're practiced and have a built out LTF strategy, don't get caught up in the chaos!
You can see here how simple it can be if we just trade based off our HTF algos
Happy Trading :)
Technical Analysis on AMD (Advanced Micro Devices)Analyzing the historical performance of AMD , a key turning point is evident that marked the beginning of the current bullish phase—starting at the end of 2015. During this period, the stock held an important support level, followed by a decisive breakout of the bearish trendline.
On a daily timeframe, this breakout was accompanied by a gap up, known as a breakaway gap.
During the upward phase, the stock experienced pullbacks ranging from 40% to 60%. The most recent pullback, which began with a Shooting Star candle, was 45% and stopped precisely at a crucial Fibonacci level of 0.618.
Bullish Scenario:
To confirm a continuation of the bullish trend, AMD must first surpass the $160 area and then the $190 area, a range characterized by significant volumes.
Bearish Scenario:
If the stock fails to exceed these two levels, it could continue its retracement by breaking the ascending trendline. Two potential entry levels can be found in the POC area around $180 and the support area around $95.
AMDaccording to technical analysis AMD is oversold for current period awaiting bullish trend further period
Bought some callsPrice is landing on a support level. I think is going to test the upper side of the flag.
AMD 8/30/2024Chart Overview:
Time Frame: 1-hour chart
Indicators: Trendlines, price levels, RSI (Relative Strength Index)
Key Levels:
Resistance Levels:
151.90: This level is a strong resistance that AMD needs to break through to continue an upward move.
149.47: A lower resistance level, which could act as a hurdle before reaching the 151.90 resistance.
Support Levels:
137.88: This is the first significant support level, which may act as a bounce zone if the price declines.
132.44: A secondary support level, indicating a strong base.
127.10: The lowest support level visible on the chart, which would be a critical area if the price falls dramatically.
Trendlines:
Descending Trendline: There is a downward sloping trendline from the recent highs, indicating that the stock is in a short-term downtrend. The price is currently testing this trendline, which could signal a potential breakout or further rejection.
Ascending Trendline: Another trendline is drawn from the recent lows, suggesting a potential wedge or triangle formation. This indicates consolidation and potential for a breakout.
Key Order Blocks:
Red Order Block (Supply Zone):
Location: The red zone is around 151.90 - 145.00.
Significance: This area represents a strong resistance level where significant selling pressure occurred previously. When the price enters this zone, it might face resistance as sellers look to push the price back down. The concentration of sell orders in this area could lead to a reversal or slowdown in upward momentum.
Scenario: If the price breaks into this order block, especially above 149.47, it might struggle to continue upwards as it encounters selling pressure. However, if it manages to break above the red order block (especially above 151.90), this could signal a strong bullish breakout.
Green Order Block (Demand Zone):
Location: The green zone is around 137.88 - 132.44.
Significance: This is a demand zone where significant buying pressure previously existed. When the price drops into this area, it is likely to find support as buyers step in, potentially pushing the price back up. This zone acts as a floor, preventing further declines unless broken decisively.
Scenario: If the price retraces and enters this green order block, you might expect some buying interest, leading to a bounce. However, if the price breaks below this area, it could indicate a further bearish trend, targeting the next support level around 127.10.
Strategy with Order Blocks:
For Bulls:
Entry Point: If the price pulls back into the green order block and shows signs of support (like a bullish candlestick pattern or a bounce), consider entering a long position. Target the red order block as your next resistance level.
Breakout Strategy: If the price breaks above the red order block (especially above 151.90), it could signal a strong move upwards. This breakout could be an opportunity to add to a long position or enter a new one.
For Bears:
Entry Point: If the price enters the red order block and shows signs of resistance (like a bearish candlestick pattern or rejection), consider entering a short position. Target the green order block as your first support level.
Breakdown Strategy: If the price breaks below the green order block (especially below 132.44), it could indicate a further decline, with the next target around 127.10.
RSI Analysis:
The RSI is near the middle, not showing any extremes, but it may be slightly oversold given the downward momentum. This neutral RSI means the price could swing in either direction depending on how it interacts with key levels and trendlines.
Possible Scenarios:
Bullish Scenario:
If AMD breaks above the descending trendline and then surpasses the resistance at 149.47, it could attempt to reach the next resistance at 151.90. A breakout above this level would be a strong bullish signal.
A move above 151.90 could lead to a continuation towards higher levels, with potential to reach the 160.00 zone.
Bearish Scenario:
If the price gets rejected at the current trendline and fails to break 149.47, it may retrace towards the support at 137.88.
A break below 137.88 could accelerate the downward move towards the next support at 132.44, and potentially to 127.10 in a more bearish scenario.
Volume Analysis:
Volume: The volume seems to be lower during the recent consolidation, which is typical before a potential breakout. A surge in volume on a breakout would confirm the direction.
Strategy:
For Bulls: Look for a breakout above the descending trendline and resistance at 149.47. If confirmed with volume, consider entering a long position with a target near 151.90 or higher. A stop loss below the ascending trendline might be prudent.
For Bears: If the price fails to break above 149.47 and shows rejection, consider shorting with a target near 137.88. A break below this level could lead to further downside, targeting 132.44 or 127.10.
This setup requires close monitoring, especially around the key levels and trendlines, to determine the most likely direction.
160 Possibly tomorrow.Double Bottom on the 1hr Chart. well do for retest of the 160 level for support which became resistance.
AMD CALLSVolume in harmony with higher prices, creek phase complete, spring initiated. off we go from here. Riding 160 calls September OPEX myself.
Technical Analysis for AMD 8/29/2024Current Market Context:
Price Movement: AMD is currently trading downward, with the price breaking below key support levels. This decline is likely a result of broader market sentiment following NVDA's earnings report, which has impacted tech stocks, especially those related to semiconductors.
Volume: The trading volume has increased as the price dropped, indicating strong selling pressure. This is often a sign that the downtrend may continue until a significant support level is reached or the market sentiment changes.
Key Levels to Watch:
Support Levels:
$138.11 - $137.85: The immediate support zone is around $138, where the price has tested multiple times on the hourly chart. A bounce from this level could occur if buyers step in.
$127.10: This is a critical support level from previous trading sessions. If the price breaks below $138, this is the next level to watch.
Resistance Levels:
$140.93 - $144.00: If the price bounces from the $138 support zone, expect resistance around $141-$144. The price needs to break above this range to indicate a potential reversal.
$148.32: A break above $144 could lead to a test of this resistance, which coincides with the previous high before the recent downtrend.
Indicators and Patterns:
Stochastic Oscillator: The Stochastic RSI at the bottom of the chart shows that AMD is currently in oversold territory. This could indicate a potential bounce, especially if the support at $138 holds.
Downtrend Channel: The price is moving within a downward-sloping channel. As long as the price stays within this channel, the bearish trend remains intact.
Forecast for Tomorrow:
Bearish Scenario: If AMD breaks below the $138 support, the next significant level is $127.10. With the increased volume on the downside, this could be a likely scenario unless market sentiment shifts positively.
Bullish Scenario: A bounce from the $138-$137.85 support zone could push the price back towards $144 or even $148.32 if buyers regain control. However, given the current momentum, this scenario seems less likely unless there is a catalyst to change the market sentiment.
Trading Suggestions:
For Short Positions:
Entry: Consider entering a short position if AMD breaks below $137.85 with a target near $127.10.
Stop Loss: Place a stop loss around $140.93 to protect against a potential reversal.
For Long Positions:
Entry: Look for a bounce around the $138-$137.85 support level. If the price action shows signs of reversal (e.g., bullish candlestick patterns or increasing volume on the upside), consider going long.
Exit: Target the $144 resistance level for a quick exit. If the price breaks above $144, consider holding until $148.32.
Overall Market Sentiment:
Given the current market conditions, a bearish outlook seems more probable for AMD unless a reversal pattern emerges near key support levels. Keep an eye on broader market trends and any news that could impact the tech sector, especially semiconductor stocks.
AMD broke supply zone. Here is the next downside targetAMD broke through the key supply zone. Further downside could trigger further selloff. Next downside target indicated. This analysis is for informational purposes only.
