AMD trade ideas
AMD - Weekly ChannelsLooking at AMD for potential long position. Previous times playing downward channels AMD usually breaks out of the channel on the 4th retest of bottom part of channel.
Could Enter on 3rd test with tight stop and early scales marked in orange.
With recent hawkish Fed on 12/18, we may see more downside (a 4th test) before a breakout from the channel.
AMDSlow sell back to trendline support .. should fall anywhere between 87-95
Stock has broken beneath its monthly 20sma... Has a gap at 116 thats next up and below that is is the weekly 50sma at 112.. so 112-120 will be the range .. below 110 and i feel its about a 80% chance this is headed to 95..
Chips sectors have been broken down.. Soxx has a death cross on the daily with the 50sma and 200sma..
SMH is losing its 200sma
BOUNCE TIME?Went long here with dec 27 130c of course well need the rest of the market to hold including all mighty $NVDA. Nancy Pelosi was just got admitted to the hospital so I'm buying her for since she's busy. 🫡
AMD retracingAMD broke the lower long term trend line with no substantial support until the next Fib retracement that matches prior support. If time trends hold, end of Jan '25 could potentially be the start of a new uptrend.
AMD has made its bottom and we will see a reversal to the upsideAMD has made a clear bottom and a double bottom on weekly. From here on, I expect it to reverse course to at leat 142 level. A good buy for both swing and long term as this is clearly a stock with great fundamentals and consistant positive earnings. This is also the best price to DCA if you already bought higher up. I expect it to go up before its earnings end of Jan or Feb 2025.
$AMD - Buy The Dip!Here are some value areas to grab some NASDAQ:AMD if you have been looking to get in or if you want to add on more. If it drops to these levels... this is the "load up" zone.
$AMD BuyThe chart of NASDAQ:AMD , combined with its latest fundamental research, provides a detailed overview of the stock’s current position and outlook.
Technical Analysis:
NASDAQ:AMD is currently in a corrective phase, testing critical support levels. The price is approaching significant support around **$120**, corresponding to the 0.618 Fibonacci retracement, with deeper support near **$92**, aligning with the 0.786 Fibonacci retracement and a long-term moving average. These levels are historically strong areas where buyers could re-enter the market.
Momentum indicators such as **RSI** and **Stochastic Oscillator** are showing oversold conditions, signaling a potential reversal upward. The **MACD** remains bearish but hints at a possible shift in momentum. The long-term trend remains upward, with the current price action indicating the stock is near a potential turning point.
Fundamental Analysis:
Recent financial performance highlights NASDAQ:AMD 's strength. In Q3 2024, revenue grew by **17.82% year-over-year**, driven by strong demand across its product lines. Net income increased by **157.86%**, reflecting improved profitability and operational efficiency.
Despite these positives, NASDAQ:AMD faces challenges. It is trailing Nvidia in the AI GPU market, limiting its ability to capture a significant share of this high-growth sector. Additionally, a potential slowdown in the PC market could pressure revenue growth. However, NASDAQ:AMD continues to benefit from Intel’s struggles, while growth opportunities in the data center and custom chip markets remain strong.
Synthesis:
The current correction in NASDAQ:AMD 's price reflects market concerns over its competitive position in the AI sector and potential softness in PC demand. However, the company’s robust financial performance and opportunities in high-growth areas like data centers suggest that this correction may be temporary. Key support levels at **$120 and $92** are critical to monitor for potential long-term entry points.
Conclusion:
While NASDAQ:AMD faces near-term challenges, its strong financials, market positioning, and growth potential in high-performance computing present a positive long-term outlook. If the stock holds the current support levels, it could regain momentum, with significant upside potential in the coming years.
AMD - good DCA candidateAMD has dropped close to 50% from it's all time high, during the height of the AI exuberance. It's now in a speakerphone pattern and has entered the Golden Pocket Fibonacci retracement level. I believe this is a good opportunity to start a position, using a DCA approach, in the hope it drops more for further accumulation.
It could well drop another 20-30% from here, where I would add more for a long term hold. If you're bullish on AI and if we are indeed in the early innings of a new industrial revolution, AMD presents an excellent opportunity to get in on the longer term growth of this cyclical trend. It's true AMD is no Nvidia but the upside potential for Nvidia is far less that AMD.
Looking back at the price action, you will notice similar patterns have played out before a strong push to the upside.
This is not financial advise, do what's best for you.
AMD Best Level to BUY/HOLD 300% gains SWING TRADE🔸Hello traders, today let's review recent price chart for AMD.
Well defined swings in progress, expecting further downside before
the tide finally turns for AMD bulls. Currently it's recommended to stay out.
🔸AMD is trailing behind NVDA massively, so eventually AMD will to the
mean reversion trade and start to catch up with NVDA, however currently
pullback/correction mode in progress.
🔸Well defined swings - 160 to 58 65% correction, then 58 to 210 280% gains,
210 to 75 represents 65% correction, 75 to 290 is a 280% pump.
🔸Recommended strategy bulls: Bulls wait for correction to complete at/near 75 usd in January 2025 and get ready to BUY/HOLD low, this is a swing trade setup, so will take longer to hit target, patience required. final TP is 290 USD, 280% upside off the expected lows. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
The #1 Reason The Market Crashed It's almost impossible to believe this
Market crash! But it's
Happening I remember
Reading a newsletter by a trading veteran.
And he kept comparing the price of NASDAQ:NVDA
To the late 2000's stock market bubble
And he kept commenting on how this bubble will end.
The stock market had a flash crash ⬇️
And this is a signal that the A.I. Boom
Is over.
Now does this mean that the A.I. technology has no use?
Not at all.It just means where are in a 🐻 bear market.
And this market may last for the next 6months.
Also this gives me a chance to share the 🚀 Rocket booster strategy.
Look at this Chart NASDAQ:AMD
It has 3 Steps:
==
#1-The price has to be below the 50 EMA
#2-The price has to be below the 200 EMA
#3-The price has to gap down
==
Now that last step is the key to this strategy the "gap" is basically price action.
To learn more about price action please study about candlestick patterns
This will give you a boost to understanding your entry and exits
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Also use a simulation trading account before you use real money
AMD Buy Analysis Target 1: $147
Target 2: $161
Stop Loss: Based on your risk tolerance.
Why AMD?
AMD’s financials this year are impressive:
Revenue up +17.57%
Net income up +157.86%
Earnings per share up +31.43%
Despite strong results, the stock is down 8% YTD, creating a potential buying opportunity.
In August, the price surged from $121 to $161 in just 15 days, hitting the second target in no time. I expect a similar move again!
Advanced Micro Devices | AMD | Long at $126.00Advanced Micro Devices NASDAQ:AMD may be the sleeping giant in the semiconductor / AI space. While all eyes on NVidia NASDAQ:NVDA , earnings for NASDAQ:AMD grew by 800% over the past year... and are now forecast to grow 40% per year. Any other company would be soaring right now (like NVidia), but that company is getting all the attention. And, to me, this means opportunity for the future. The cashflow is likely to grow tremendously for
NASDAQ:AMD into 2027 and beyond, which may inevitably reward investors with dividends.
From a technical analysis perspective, NASDAQ:AMD just entered my historical simple moving average zone. This area (currently $108-$126) is where I will be gathering shares. Something tremendous would have to change regarding the fundamentals of this company (like a scandal) for the overall thesis to change. There may be some near-term price pains as NVidia gets all the focus, but to meet demand in the semiconductor and AI space, NASDAQ:AMD is poised to fulfill that roll in the future.
Target #1 = $158.00
Target #2 = $175.00
Target #3 = $188.00
Target #4 = $205.00
AMDExpecting AMD to fall below $120 price low into FVG AT $113ish. Will be expecting bullish price action to trigger buys.
AMD ready for a comeback? AMD's financials this year are exceptional, with revenue up 17.57%, net income soaring 157.86%, and earnings per share rising 31.43%. Despite these strong results, the share price is down 8% from the start of the year, creating an attractive buying opportunity. In August, the price surged from $121 to $161 in just 15 days, reaching the second target in no time. The current entry point is $124.18, with targets of $147 and $161.
Financials Overview (2024):
AMD’s financials this year have been outstanding, with significant growth across key metrics:
Revenue: $6.82 billion (+17.57% YoY)
Operating Expenses: $2.93 billion (+7.14% YoY)
Net Income: $771 million (+157.86% YoY)
Net Profit Margin: 11.31% (+119.19% YoY)
Earnings Per Share (EPS): $0.92 (+31.43% YoY)
Operating Profit: $1.48 billion (+41.36% YoY)
$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results.
What I’m Seeing:
Double Bottom Revisited:
We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced.
Historical Precedent:
The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature.
Volume & Confirmation:
It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold.
Potential Price Target:
A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives.
What to Watch For:
Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal.
Volume Expansion: Higher volume on the breakout adds conviction.
Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected.
AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend.
- PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market.
- Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability.
-AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD.
Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value.
AS OF 12/16/2024
RSI (14) 33.31
52W Low 3.99%
~120% Gain for AMD IncomingI'm thinking AMD is at it's market bottom low after re-tracing for a few months now. I'm thinking AMD makes about a 120% gain from where it's at now. It'll eventually hit a top 126 days from now. Any thoughts on this one?
AMD Short Term FormationsNot a complete setup. AMD in an interesting position to watch for a potential bounce.
$AMD - weekly trendline support hitAMD - Weekly channel support hit last week at $125.50. previous big dip was bought at $122 when stock reversed to $174. $120 needs to hold for a bounce here.
AMD 1 WEEKOk so here i have the weekly chart pulled up and as you can see we have multiple pivots along the lower trendline. im anxiously waiting to see if the "third times the charm" .
$AMD weekly bullish turnaround, buy $AMD and don't stopNASDAQ:AMD weekly bullish trading above trendline, potential seeing $154 before EOY.
AMEX:SPY NASDAQ:QQQ
Not financial advice.
