$AMD LONGNASDAQ:AMD
Possible Head and Shoulders Pattern if Price Action goes through the Cloud.
IMO -> Good Risk/Reward
AMD trade ideas
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!
AMD (wait for sell)Hi everyone - I'm with you with AMD signal and analysis. By checking the weekly and monthly graphs of AMD, the signs of decreasing power of the ascent can be seen. And in the daily time frame, the rotation of the market can also be clearly seen. And also, the bearish power has increased compared to the bullishness of the market.
In the 4-hour time frame, you can see that it touched the ceiling of the channel several times, but it did not break and reached an important level. By closing the price below this level, a good opportunity to sell opens up and we can make a good profit. And bearish can continue until the end of the weekly channel (green channel).
To $120 or To $80?AMD is getting very tight on the main trend and on the RSI. I think a big move will be coming soon. Question is... which side will crack first?
Not financial advice, good luck to all :)
Is AMD going to breakdown?NASDAQ:AMD As you can observe, the price has recently broken the trendline. To sustain a bullish outlook, the sole defense remaining is to consistently remain above the critical support level.
Advanced Micro Devices - Is The Future 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been overall bullish trading inside the rising wedge pattern and it is currently in a correction phase approaching the lower bound / blue trendline.
Moreover, the zone 100 - 105 is a strong support.
🏹 So the 100.0 round number is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As AMD is sitting around a rejection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Moreover, for the bulls to take over long-term again for the next impulse to start, we need a break above the last major high in gray around 112.5
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMD AnalysisClose to filling the falling wedge to complete W4. Will be keeping my eyes on it around $96
Stocks pairs trading: AMD vs MUI'm considering a pairs trading strategy focusing on two major players in the semiconductor sector: Advanced Micro Devices (AMD) and Micron Technology (MU). Both are key players in this fast-paced industry, but they show some divergent trends that could offer a trading advantage. I propose going long on AMD and short on MU to exploit their relative differences.
Why Go Long on AMD:
Valuation: AMD's Forward P/E is 24.44, indicating a strong growth outlook.
Earnings: The projected EPS for AMD next year is 4.15, signaling anticipated profitability.
YTD Performance: AMD has shown a solid year-to-date performance of 56.69%, indicating positive momentum.
Why Short MU:
Valuation: MU currently has a negative EPS of -2.68, casting doubt on its financial stability.
Sales: Quarter-over-quarter sales declined by 56.60%, a negative sign for any company.
Insider Transactions: With insider transactions at -13.37%, it suggests internal skepticism about the stock's future.
Decision:
Go long on AMD due to its promising valuation, projected earnings, and strong YTD performance. On the flip side, go short on MU due to its negative financial signals including EPS, declining sales, and negative insider transactions.
Position Suggestion:
Long on 2 AMD
Short on 3 MU
DayTrade/Overnight. AMD potential resistance @ 1D TL & supply 5mAMD approaching supply on the 5/15 min chart:
AMD approaching TL rejection/ resistance on the 1D chart:
I need another confirmation and I will enter.
AMD Bearish break, about to test recent supportAMD broke down from a triangle in a bearish move. It is about to test it's recent support zone around 100. Rates and macro are tough times for tech with AI capex being stifled and the AI rally possibly fading.
120 target by EOYAMD is basing and looking to retest the 120 supply zone.. bounced from the B leg of the bearish cypher (previous support is now resistances) A leg retested the supply zone, and retraced back to D leg of the bearish cypher pattern that was sold off. Now D leg is looking to act as support (previous resistances acting as support, same as it did for b leg). buy the dips and look for a retest of the 120 supply zone.
$AMD - At critical support.NASDAQ:AMD AMD hit the $112 target POC resistance and pulled back. It is now at critical support area. It is a combination of FIB retracement, uptrend line check back as well as a prior support/resistance zone.
Breaking below $100 could see a further pull back.
Here are support areas below:
$93
$84
If it can bounce from here, $112 is going to be an overhead resistance again.
Will it get a bounce or see a further breakdown?
I will update the chart when the trend changes.
Follow me for charts and trade ideas.
🔥 AMD filled gap to bottom of flag. Watch for bounce + breakoutAMD going to be explosive here if it bounces & confirms the flag.
Watch it close.
Always plan for dips, never add full position. NFA. Follow for more insights.
I called it out to drop from top of TL @ 108. See what happened.
AMD To $140 By Year End Amd is about to break out of its 3rd bullish flag pattern this year.
AI theme likely to fuel the move in the semiconductor stock. $130 could present mild resistance, However as of October my cycles are suggesting tech stocks to rally like a flick of switch.
Accumulate in September, sit back and get paid October -> December
Enjoy
AMD Lagging PeersNASDAQ:AMD could very well be a laggard to its peers... it is still well below its all time high which suggests that either the market believes that NASDAQ:NVDA is the superior market dominator for chip producing going forward with NASDAQ:AMD having little upside or that the market has not yet priced in the full effect the AI boom will have on NASDAQ:AMD ... Either way, this is a pattern investors and traders will want to keep an eye on.
The descending triangle is usually a bearish pattern, especially with NASDAQ:AMD being below the all time high it set in 2022 at the $165 area. How ever, this pattern is promising for 0one simple reason : the AI boom and its effect on chip producing stocks.
We believe that NASDAQ:AMD is a laggard relative to Nvidia and has significant barriers to overcome in that regard. It’s playing catch-up in the AI chip space. Investors should remember that AMD is expected to release its competitor AI chips late this year while much of NASDAQ:NVDA growth has been priced in already and the sector ETF as a whole is already hitting all time highs [ NASDAQ:SMH ].
We lean bullish and we have placed targets for short-term traders to keep an eye on in the event this goes bearish as well.
9/13: AMD ShortWith inflation data coming in hot and markets closing near flat today, I'm expecting some more dips in the markets and in tech stocks. Right now, I see AMD rejecting from our golden zone and think as we fall under $107 we should start heading towards $103 over the next 2 weeks. We will get more confirmation tomorrow.
Look for support and resistance lines to help with daytradesI'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry.
Watch to see what happens here. Good learning experience even if you are not in the trade. You are welcome to use volume and moving averages to assist you with your entries.
NASDAQ:AMD
