AMD short Idea for JulyI will be looking to short this stock and will target 40-60 level . Let me what do you think
1AMD trade ideas
AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: in the previous update, I had AMD in wave (x) of (IV) and had 117.5 as my target. Later, we expected a third zigzag in wave (IV) with a price target of 104.73 expected sometime in the middle of July (~19th).
Update: AMD followed the proposed structure perfectly and peaked at 117.66.
Now, we are in wave c of (z) of (IV) and I have the same price/time target for wave (IV) bottom as before.
AMD in a wave four (4 hour)Looking at the 4 hour chart of AMD I believe we have just finished wave three and now entering wave 4 with about a max upside of 8-10%. With the fib extension, we can see that we have hit the target for a wave three to end ( which is 1.618). We see that we have hit that target and have some upside coming before finishing off more downside in wave five.
AMD looking bearish- If AMD can't break above W2/B wave fib levels then we are headed for a steep and long decline before we experience another bull run. We saw rejection at the level for a W2/ B wave which then leads us to a W3 or a C wave. We can see this stock in the $50 price range in a blink of an eye.
I would not be a buyer as of now for AMD.
AMD | JULY - W3 | Bullish $122 CallingAMD is likely to to get drive for the bulls. Expecting the target of $122.
AMD AnalysisPrice consolidated since my last analysis. Price mitigated the bearish POI at 132.83 as expected and gave a 6.25% bearish move. No changes to my expectations, I'm expecting price to continue lower, potentially to mitigate the bullish POI at 99.94 next.
AMD SHORT It's bear market time, don't believe in miracles and make money today. We must be able to adapt to the situation and the market, and not blindly believe in eternal growth. Don't thank. All profitable trades.
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AMD Target $132 - Pump expected soon🐂 Trade Idea: Long - AMD
🔥 Account Risk: 1.00% - 5.00%
📈 Recommended Product: Knockout / Option (for 1.00% position) or Stock (for 5.00% position)
🔍 Entry: +/- 108.00
🐿 DCA: Yes, down to 102.89
😫 Stop-Loss: 93.05
🎯 Take-Profit #1: 132.82
🎯 Take Profit #2: 150.00
🎯 Trail Rest: Yes (trail after TP #1)
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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AMD hit a larger weekly resistance zone around 132.00 and retraced from there building a double top and a break through the former local low at around 116.00. We might see a move up to that yellow resistance at 116.00 before we finally go south into the support zone. Unless that former high at 102.89 isn’t broken together with that trend line we remain bullish and expect a continuation of that uptrend.
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AMD -> Targeting The All-Time-HighHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of AMD 💪
Just a couple of months ago AdvancedMicroDevices Stock perfectly broke above a major monthly downtrend line and since then created a bullish rally of roughly 70%.
On the weekly timeframe you can see that AMD just retested previous weekly structure at the $108 level and in confluence with a 50% fibonacci retracement level I do expect the continuation towards the upside from here.
The daily timeframe however is currently not bullish on AMD and the stock is retesting resistance at the moment so I am waiting for a bullish break back above the structure before then the daily timeframe is perfectly aligning with the overall long term bullish picture.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
AMD: Additional Upside through June 13th
This is a much bigger impulse than I could have imagined. I am speculating that there will be additional upside to the 85.4% fib retracement level at 139.99 (retracement from the 164 top), which will top out by approximately 6/13. Continued upside must be necessary because the 3rd wave created in the current structure is the shortest; therefore, it must be creating a 3rd wave extension with a total of 9 waves for the entire impulse. This leaves 3 more waves to develop- wave 5 of 3, wave 4, and wave 5.
AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: let's review the key points of the previous update:
The second zigzag in wave IV is now complete
A trough of 40 week magnitude around 10th of July
A third zigzag expected in wave IV.
Wave V peak expected around 1st week of September.
Wave B is a trough of 20 week magnitude on the 3rd week of November.
Update: we really don't need to update anything on this count as the price and time target has been perfect. I see wave (x) of (IV) as a double zigzag (my price target is 117.5).
Then, we will have the third zigzag in wave (IV) with a price target of 104.73 expected sometime in the middle of July (~19th).
AMD AnalysisPrice played out nicely as analyzed last week, giving us a 6.99% move to the upside from the bullish POI. No changes to my expectations. I'm expecting this bullish move to mitigate the bearish POI at 132.83 before deciding to continue lower.
AMD Tight weekly closing in the range 109-112.Tight weekly closing in the range 109-112.
next strong buy level is 125-130.
mid term target 250-350.
AMD Bullish ChannelWe just saw what I believe to be an AA double top, which led into a short term bear dip, but we bounced on the channel support. I also believe I see a cup setting up, and since we're at that 114.30 fib and near enough the channel, I think we could see a handle form into next week and up to 135 again next week.
AMD reversing trend from consolidation?AMD has been consolidating for a few weeks now from the 130-131 Key Level. AMD had strong support at 107 and has bounce up past the 110 level. If AMD can break the 115 level it has room to go as high as the 130-131 key level.
The technicals are nearing confirmation of the setup through the Triple EMA & MACD indicators on the 1 hour time frame. The daily chart shows the reversal may be soon as well.
AMD in real problemAMD is currently facing a real problem as it is forming a rising wedge, which is a bearish pattern. If the price breaks below the blue dotted line, it would trigger a short position with the initial target at the blue line, which represents the 50-day moving average (MA).
Yesterday, there was a significant bearish reversal candlestick pattern known as an engulfing pattern. It had occurred in high volume, suggesting that some news or event triggered a strong selling pressure, which is a bearish sign.
The relative strength index (RSI) is indicating strong bearish negative divergences, which often precede a price decline.
Furthermore, the moving average convergence divergence (MACD) indicator also exhibits bearish divergences, and there could be a cross-over signal between the MACD line and the signal line soon, indicating a potential change in direction.
Considering all these factors, if the price breaks below the lower dotted line, it would be a signal for bears to initiate a short position with the 50-day MA as the target. A stop loss should be placed above the recent highs to manage risk, and this trade would represent a high probability setup.
On the other hand, for bulls to regain control, they would need to keep the price at these levels for several more days. Consolidation should occur on lower volume without an increase in volume during red candlesticks.
Taking into account the overbought conditions of QQQ and SPY, especially QQQ on both daily and weekly timeframes, and considering the diminishing hype around AI, I assess there is a higher likelihood of a bearish scenario unfolding.
Advanced Micro Devices, Inc. (AMD:NASDAQ)Advanced Micro Devices, Inc. (AMD:NASDAQ)
AMD has pulled back nearly 20% from its recent highs,
creating another opportunity for investors to buy at
more attractive levels.
Analysts & strategists have recently upgraded
the stocks rating to buy and consider the $100
area attractive.
With AMD's A.I ramp remaining fully on track
and supply chain partners corroborating optimism
further buying volume is widely expected.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
$AMD on its way to all time highs after this dipNASDAQ:AMD with a very healthy pullback into the weekly 50EMA and fair value gap. These are the best types of dips to buy!
$AMD Possible Support AreaNASDAQ:AMD Possible Support Area
Recent price correction with declining volume. Possible reversal imminent.
Near term target: $140 range by mid to late August
*Note: Opinion, not investment advice.
20 Reasons for long AMD
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: In 2016, the stock started its bullish run and created its first multi-year Bullish Order Structure (BOS) and also set an All-Time High (ATH). After a correction move last year, an important point to note is that the Point of Interest (POI) area held, indicating that bulls still have power and the stock is showing strength. It is now poised for the next impulsive move towards a new ATH.
2:📆Monthly: In October 2022, the correction move confirmed a Lower High (LH), signaling the end of the correction. Now, the price may either consolidate sideways or take a reversal impulse move. We need to consider both possibilities. If the price consolidates, the range between 98 and 110 is important, and we should only look for buying opportunities within this range.
3:📅Weekly: A very strong bullish structure has already formed, and the price has made a BOS and almost completed its corrective move. The corrective area ranges from 100 to 104. Here, we need to wait for a strong reversal signal to confirm the buying opportunity. No further signals are needed, only one confirmed reversal signal.
4:🕛Daily: A well-established bullish trend is evident, with a strong inducement and a corrective move that has filled the gap and window. The price is now approaching the most recent support area after the inducement. The most important thing to watch carefully is the confirmation of today's pro-gap. If the price closes above 112 for the next two or three days, or even today, it will provide a buying confirmation.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Extremely bullish
6: 2 Pattern Candle Chart: Pro-gap
7: 3 Volume: High selling volumes indicate the end of the correction, and now a confirmation of the long position is needed.
8: 4 Momentum UNCONVENTIONAL RSI: Holding above the 40 area, indicating a middle strength bullish zone.
9: 5 Volatility measure Bollinger bands: Volatility is starting to squeeze, which may lead to a temporary calm or sideways movement before a bullish move. The breakout of the squeeze will provide final confirmation.
10: 6 Strength ADX: Completely sideways.
11: 7 Sentiment ROC:
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish
13: Entry Move: Initial impulsive move
14: Support Resistance Base: The most recent Order Structure (OS) after the inducement acts as strong support.
15: FIB: Not activated yet. Additionally, a breakout of the hourly trend line will provide an additional confirmation.
☑️ Final comments: Buy at confirmation.
16: 💡Decision: Go long.
17: 🚀Entry: 112
18: ✋Stop Loss: 104
19: 🎯Take Profit: 148
20: 😊Risk to Reward Ratio: 1:6.5
🕛 Expected Duration: 30 days
AMD - Bullish PitchforkLooks like NASDAQ:AMD may have found its bottom on this young pitchfork that I see forming actionable setups. After filling the gap it looks healthy and ready for higher prices. Expecting 140s before earnings.
