Short AMD 4HShort on AMD after beiing on an up trend for a long time from junuary , so we are going to look for staying safe and looke for the down place of the GapShortby mehdifoulal60
AMD AnalysisPrice played out as analyzed last week. Price has filled the fair value gap at 83.46 and invalidated the bearish POI. Price should be targeting the bearish POI at 90.90 before we get a retracement on this overextended price action. Shortby Keeleytwj2
Will $AMD be affected by $AAPL missed earnings?Few gaps on the NASDAQ:AMD daily chart, with a hard rejection from the highs.. along with massive put premium on (3-17-23)expiration & (6-16-23)expiration. Call premium stands out at $90 strike (1-19-24)expiration, which could symbolize a retest of highs before a plunge. NASDAQ:AAPL missed earnings but rallied anyway and there are rumors of a rug pull everyone is talking about.. if $aapl tanks can it affect the whole market? Comment below let me know what you think.. Reasons AMD High Rejection AMD Gaps to the down side AAPL missed earnings Rug pull rumors Call/Put Premium size differences and date choices. Shortby MillennialairesClub5
AMD Weekly UpdateOverview: in my previous update of AMD published on Jan. 7th and also the 2023 AMD outlook that was published a week before that, my general thought on AMD was that it had bottomed, either for a wave Y ( which will be followed by another wave X and then going to new lows later in the year), or for the whole correction of 2022. Update: looking into the structure since Oct. 13th 2022, I can see that we completed an abc up, followed by a correction and now inside another push higher. For now, both the scenarios that I had before are very valid, however, considering the chart of NVDA and SPY, I would say that I strongly prefer the scenario of bottom being in for the whole correction. Based on that, we have completed wave I of A of (5) so far, and right now, we are near the completion of wave (a) of III of A of (5). Looking into the hourly chart, I believe we will have a brief pullback as wave IV of (a), followed by the last push higher to complete wave (a) of III around mid February. by bamdadsalarieh1
AMD's Strength Fades Quickly, New Lows AheadPrimary Chart: AMD's Downtrend from All-Time Highs (2D Time Frame), Fibonacci Retracements and Projections, Long-Term VWAPs AMD remains in a severe downtrend at the primary degree. AMD's price on its most recent rally off the October 13, 2022, low rallied right into trendline resistance and rejected lower. On a linear chart (primary chart above), price pushed through the trendline briefly, setting up a bull trap for those thinking the trend structure might have changed. But price fell back below quickly, a sign of exhaustion and a reinforcement of the very trendline that caused the exhaustion and reversal lower. Price also failed right at a key 50% retracement (green) of the August 3 to October 13 leg of decline. AMD broke below a key long-term Fibonacci level (.618 R) at 63. And it fell below its anchored VWAP from 2022 lows. Now price sits right at a critical multi-year VWAP anchored to 2018 lows (yellow). It looks likely to push below it in the coming days / weeks. Target 1 lies at prior October 2022 lows (actually, slightly above those prior lows) at $55. This is the most conservative target and mostly likely to be achieved. Target 2.A is $48-$49. Target 2.B is 47.20. Target 3 is $45, shown on Supplementary Chart 1 immediately below. (Each target is a condition precedent to the next lower target. Unless and until a prior target is hit and held on a close, the lower targets are not in effect.) Current Analysis AMD remains in a severe downtrend as past analyses have discussed. The history of some key 2022 analyses by SquishTrade is reiterated below in the "Past Analyses" section below. This may help give context to the current analysis. AMD rallied hard off the mid-October 2022 lows. This rally was mentioned when price was trading down into the mid-October 2022 low. See Supplementary Chart B below (discussing the likelihood of an extremely sharp bear bounce" from a multi-month support zone, and noting that the risk-reward at the time was poor for shorts. Price traded down into the key support zone of $54-$55, and then rallied powerfully into December 2022. The highs, however, in the $79-$80 range failed right at trendline resistance. On a linear chart (Primary Chart above), price pushed through the down trendline briefly, setting up a bull trap for those thinking the trend structure might have changed. But price fell back below quickly, a sign of exhaustion and a reinforcement of the very trendline that caused the exhaustion and reversal lower.It appears the downtrend at the primary degree has resumed, and even if sharp rallies occur again, as is typical of bear markets, new lows will likely be reached in 2023. In the process of declining after failing at resistance, AMD cut through a key Fibonacci level of $63. It also broke below a critical anchored VWAP from October 2022 lows. Price targets are identified in the summary section above. But note that two alternative projections both result in a price target around the $47-$48 range. Both these projections rely on a "measured move" and Fibonacci approach (linear chart). Both these projections are .618 projections of prior major legs of decline. And they end up right near the very long-term VWAP from 2015 (dark blue) which is at $48-$49. Lastly, note that the log chart shown in Supplementary Chart 1 has a key measured-move, 1.00 Fib projection at $45. Supplementary Chart 1 Past Analyses AMD's severe downtrend has been discussed in several recent posts in 2022. In May 2022, SquishTrade applied technical analysis to conclude that AMD, which then traded at $94.24, would see more downside in price in the coming weeks and months. A downside projection of $60-$63 was discussed in May 2022, and that was later achieved when price hit $63.34 in September 2022. See the May 2022 post here . Later, on October 6 2022, SquishTrade provided a more thorough discussion of the technical evidence supporting the continuation of the primary trend downward. See Supplementary Chart A below. Despite substantial rallies in tech stocks, including other chipmakers like NVDA, and large-cap tech stocks like AAPL, nothing has materially changed in the structure. In fact, even if more rallies lie ahead, AMD trend structure will take a lot of work to change. Supplementary Chart A When AMD reached a low in mid-October 2022, SquishTrade posted a warning that risk / reward for shorts was poor at the time. Supplementary Chart B. The post noted that AMD's price was near multi-month support and that "an extremely sharp bear bounce could occur at any time. Just look at the prior rallies . . . . Many of these bear rallies rise nearly vertically from the lower line of the channel (called the return line). This is typical of bear rallies. They tend to be some of the strongest rallies that happen in markets, and this bear market has been a fascinating learning experience (even if painful for longer-term investors) as these rallies and declines unfold." Supplementary Chart B But despite that major rally that was imminent, nothing had changed with regard to AMD's larger downtrend structure. That remains true now: AMD remains in a severe downtrend that has shown no evidence of structural change. Another post in October 2022 noted the possibility of the $55 zone of support being significant was also discussed. See Supplementary Chart C. That post, however, was mainly to provide a brief snapshot of AMD's price "at the secular level of trend," which is a multi-year view (longer than a primary trend view which tends to be 9 months to 2 years). The October 30, 2022, post stated: "It's clear that in the intermediate term, bulls need to hold AMD's price above $54-$55 or else the next major level to the downside comes into play." But SquishTrade noted that the level may be retested in the coming weeks to months. Supplementary Chart C The time is likely approaching for a retest of that $54-$55 level. The current viewpoint will be discussed below along with reasonable price targets for 2023 Shortby SquishTradeUpdated 8811
$AMD risky buy? Let's take it!$AMD left the longterm donwntrend channel. Bought small position at $72,74...target betwen $85-$90 Let's see which move the ER brings. Longby Patrick1812Updated 3
$AMD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%. Longby EPSMomentum3
AMD soon to hit a weekly and monthly resistance at 91-95 rangeThe price has broken up on the current monthly resistance level. However, it will meet another combination of weekly and monthly resistance at 91-95 range. The probability for the price to get rejected there and a pullback is higher. If the above scenario plays out, the current broken monthly resistance will act as support and price shall then bounce from there.aby angela_altair2
AMD Season coming soon?The descending broadening wedge is broken and there seems to be great potential for AMD.Longby Ryan_mh0
AMD Short What a pop on earnings (hurt my soxs position hahaha). However, looks like a great setup for a pullback, hitting 2 lines. Shortby joebarton2
Buying opportunity for AMDI am happy if the share price falls to 61.72 which means I can scoop up this great company at a lower price. Read latest news hereLongby dchua1969Updated 3
AMD,,, BUY OPPORTUNITY UPTREND After breaking a descending trend line and passing out of a major level , it's entered to new trend now. buy it after setting a good sl.Longby pardis9
AMD - $72.55 / Looking to FILL GAP at $87.50, $88.11 TARGET0. Notes to follow; 1. Coming up on AMD earnings tomorrow; More Notes after CloseLongby drchelsea1Updated 3317
AMD -> The Breakout Happened As PredictedHello Traders, welcome to this free and educational multi-timeframe technical analysis . In my last video analysis of AMD, linked below, I explained all the reasons for which I do expect the market to provide further continuation towards the upside and actually breaking above the neckline of the very obvious weekly double bottom. With todays price action, this is exactly what happened, we are seeing a massive breakout to the upside, which could definitely lead to a significant short covering rally. I am now just waiting for a small retracement on AMD and bullish confirmation to enter a long to also participate in this very bullish momentum. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset: 02:12by basictradingtv313139
AMD CLear path to 95? $AMDNASDAQ:AMD Taking a look at AMD on the weekly after a nice reaction to earnings See a beautiful spring followed by a back test of the spring and now we are off to the races after breaking that supply line its been in for quite some time doesnt look like this thing is going to slow down anytime soon Looks like buyers are eager to get back into this name. Cant be many bears left on this name at this point. Intel bad, AMD good? lol what does everyone think? Happy TradingLongby MindsetTrad3r3
Amd Had a nice rip and now coming back to test previous reistance as new support. Looking on the left we had a chop range using this area as support the. It failed. We are back at that level except this time that same level is neckline of an inverse head and shoulders. I’m grabbing shares long here ! Longby Erictaylor224
Earnings watch tomorrow eveningEarnings watch tomorrow, 1/31/2023 post-market. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 10 tickers. MTCH AMD SNAP SYK EW CB MDLZ SMCI EA AMGNby Options360223
AMD AnalysisPrice playing out as analyzed last week. Price gapped up strongly and failed to mitigate any of the bearish POI, consolidating after the gap. My expectations are unchanged, expecting price to head up to fill the fair value gap at 83.46 before going lower.Longby Keeleytwj1
AMD uptrend towards $80Possible a pull back on Monday Tuesday, then a uptrend jump with chip upbeat forecastLongby Hui20217
AMD JAN 20 57/ JAN 27 62 DIAGONAL PUTLOW BASE SET-UP: AMD has been in a low base since about Dec 22nd and has been consolidating for more than 5 days with lower or equal volume. Overall market conditions are bearish, so downside is probable. I was planning on using the Dec 28th candle as my entry point back then, but at that moment in time, it did not meet the 5 day consolidation requirement. So I waited a bit more. Turned out to be a small bear rally back to the 20 day on Jan 3rd. I'll be using today as my entry point. No stops. I will be set up for max loss risking under 2% of my portfolio. DIAGONAL SPREAD STRATEGY: How strike prices and expiration dates are selected : 57 is my target point. From Oct 10th to about October 24th we traded in another low base set up (supply and demand zone) and my thesis is that we revisit that area within the next couple weeks or sooner. On the hour chart, I identified a tight downward channel which I used to determine my outlook. I originally was thinking we could visit 57 by Jan 13th, but Jan 20th is more than enough time. Position management strategies when the stock goes lower : If this falls lower than my 57 target and stays below 57 by the 20th, I'll close out the entire combo. The week of the 20th I'll watch this if this is below my 57 target to see if it'll run back up to hit the apex of the trade. Position management strategies when the stock goes sideways : If this goes sideways, I'll let my 57 strike expire and hold on to my 62 strike until the 27th. I'll be set up for max loss. Position management strategies when the stock goes higher : If this goes higher, I'll let it expire worthless and move on to the next trade Position management strategy at expiration : At expiration, if this is below my target or at my target I'll close out the entire combo. We we're still above my 57 target, I'll hold on to my 62 strike until the 27 and close it out. Shortby motaman1985Updated 3
AMD break or fake?AMD at breaking out of this trendline resistance at a big demand zone can it squeeze this local supply and see the higher 80SLongby Danieldaytrades334
AMD's next short term fate is dependent on ER...kinda obvious :)ER would decide the direction of the overall next cycle. Will it be trending upwards or if it will be trending lower. I did sell some few days back but will wait for ER to get my next heading with AMD. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice. by Stock_Legend4
AMD heading toward support areaFor those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain. AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend line, so I'm expecting a few bounces to occur. My first short target is the middle of the support area at 59.80, but with hindsight, it should have been 63.62 which is the first support level below the 2-year line. The ultimate target is still 50. It's very possible AMD will make a double-bottom before it gets to 50 so I would look out for that. I'm still bearish at this point. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.Shortby cdnbuzzardUpdated 3