AMD Trend continuation ?AMD has been in a solid up-trend since october 22. The latest correction is approaching a major area of support at around $100.
AMD trade ideas
AMD opening @ reversal zone with max dip ~97-98Watch AMD for a bounce at 97 on a market open fakeout.
I already alerted puts (bearish) @ 108 and the stock is already down -8%. That's a large gain in 3 days. Watch for key reversal. If it doesn't reverse, can see a lot of volatility.
Tagged the puts idea.
💯 AMD not a lot of sell pressure down here. Watch itFor a swing I'll try to get a good entry on AMD. I've been trading it up and down for 2 weeks now. See my ideas. At 108 I said it should get rejected and fall back to support. We are at 103.XX now. I ideally want 99-101 for a long entry but I don't think there's too much selling pressure here anymore.
Watch it above 104.60 for a breakout.
We all see the flag on AMD daily chart:
Follow and like this idea for more insights. Welcome to join my community! Thanks for reading.
AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.
📈 AMD back @ flag's top trend. Watch for breakout/ rejectionJust a recap of this trade so far:
Posted this @ 108 calling for a bearish rejection.
After it failed to bounce from 101-103, I was certain it'd head over to 95-98, or the bottom TL at most.
When we hit the bottom TL, I called for a buy signal @ 95.
Will tag all these for proof.
Now we are at the top TL, which is the ultimate PT from 95. We hit this in 2 days. +10% in 2 days. That's right.
When you wait for swings to come to you, you will make the most money.
Here's the alert @ 95-96:
We waited a week or two for this perfect bounce. That's the best way to swing.
One way to swing is to buy, buy more, buy more, and buy some more. Another way, is to wait for the right moment and wait for the trade to come to you. If you miss it, you miss it. All good, there's tons of trades on the market.
NASDAQ:AMD NASDAQ:QQQ AMEX:SPY NASDAQ:TSLA NASDAQ:NVDA
AMD, Buy opportunity Uptrend
Passing of a level after breaking a descending trend line , is a very good opportunity for entry to position. Around 93 can be a good place for setting a sl.
AMD Falling Wedge Breakout - BullishWe traded AMD for over 100% leveraged profits a few moths ago. After hitting both our targets it made its way back to support to give us another great opportunity with a perfect RR.
Check out our older trade and it's perfection.
This trade is less convincing than the last, however the stop loss level is clear as there would be no reason to hold the asset below that support.
$AMD - Can it breakout this time?NASDAQ:AMD is trading inside a descending wedge and recently rebounded from the 200DMA, base trendline, and 50% retracement.
Currently, it is testing the upper trendline. If it can break out, there is potential for it to reach $120.
The direction will likely depend on tomorrow's payroll data, which could lead to either a breakout or a rejection.👀
AMD Descending Wedge PatternAMD has been trading in this descending wedge pattern. On the bigger time frames it remains in a bullish uptrend. Held up by Fibonacci Speed Fan 0.618 amongst a confluence of horizontal levels. I expect a reversal to the upside is imminent if it can breakout out of the wedge.
AMD Technical analysis - Repeating trend?It looks like currently we're facing two resistances, if trend repeats as the previous one we could enter to another uptrend.
I have pointed out what could be a good entry point after pass both of them as well as possible take profit points based on Fibonacci Extension.
Any feedback is very welcome.
Regards.
Disclaimer: This is not investment advice and is intended for informational purposes only.
AMD a few outcomes here IMO 🔭scenario 1: bounce from this cluster support to 109.75 🎯/trend resistance then downtrend continues
scenario 2: we finally break trend resistance and see a very quick rally to 120.68-130.77🎯
boost and follow for more.. thanks 💙
$AMD Quarter 3 (Q3) AnalysisAMD is playing out as planned since the initial Q2 prediction with a dip into the buy zone. I’ve been saying that AMD is an excellent buy opportunity under $100, and the bearish August and September price action has helped to send AMD down to this price level. I have $158.53 as a key price target for Q4, and I believe that AMD will form a new all-time high afterwards. Long-term I think AMD will be a $400-500 stock. The yellow trendline has been acting as a support level and AMD just formed a bullish bounce off this support. The red trendline will act as short-term resistance on the way up.
AMD AnalysisPrice played out well since my last analysis, giving us a -10.96% move to the downside and respecting the bullish OB at 99.94. Price played out perfectly and is now giving a change of character. My expectation for this pair is to look for a confirmation when price enters the new bullish OB at 98.87.
Fundamentals from Technicals: AMDThe NASDAQ:AMD Weekly Chart shows that the stock had attempted to complete the long term bottom at 104.
But over the past few weeks, it dipped below that bottom completion level.
This week it has started move up. This provides a level of fundamental support.
If it had continued downward, then fundamentals would be lower. For now, it appears fundamentals are within the outlined range, an accumulation zone.
AMD: Here we go! 🎢Over the past few weeks, AMD stock has again visited lower levels below the 61.80% retracement in the turquoise target zone between $106.39 and $91.87. However, as of this week, the stock has been moving decisively higher, and we now believe that the bottom of the turquoise wave B has been completed. As a result, the price should now be in the turquoise wave C, which will take it higher. First, the resistance at $133.75 should be breached, ensuring further upside momentum. After that, the rise should continue significantly. The green target area between $152.04 and $190.39 is where we expect this wave's completion and, thus, the end of superior wave b in gray.
AMD approaching meaningful supportAdvanced Micro Devices (AMD) presently approaching meaningful support, able to absorb weekly selling pressures.
From here, (AMD) can recover and push to our next notable resistance level, eliciting gains of 10% from current price levels.
A settlement above this resistance level would push (AMD) to our next notable breakout point, able to absorb weekly buying pressures when tested and a meaningful upside continuation point into later year.
Inversely, a weekly settlement below the shown support would put (AMD) into a sell signal where losses of 20 - 30% would be expected over the following 3 - 5 months.
ai microchips are the new ev catalyst for bull cycle. interesting chart for long positions. something to consider.
AMD Down -23% Since the last update | What's Next? 🤔Daily bouncing off demand after a massive sell-off. Low holds, and we can see a small pump into daily supply above, where shorts can get another chance to short it with a target of new lows.
Weekly looks like it's just working on a massive Head and shoulder topping pattern and should be resolved after the Santa rally.
Will continue to update if there are any changes to the roadmap
AMD rebounce...to 124 ??#AMD have a good bouncing today after slide down serveral week.
IF #AMD can hold above 101$, next target 106$/111$
IF #amd below 101$ will back test 99$/95$
My target for #AMD hold above 95$ will be 124$
$AMD falling wedge to end today's action. Good signGood sign on NASDAQ:AMD with that falling wedge on the 15 min.
When a stock's been hammered for no reason at all except market volatility, we usually try to look for bullish reversals or bullish signs to enter on a swing.
Closing in a falling wedge is good. Doesn't ALWAYS pay off, but if you are swinging it likely means 4-12 weeks anyway, so it's relatively safe here.
Also looking on the Daily chart, it's right on the bottom of the flag trendline:
Follow for more insights.
AMD 2d XABCD advanced buy setup TP +185% gains🔸Hello traders, today let's review the 2days/candle AMD price chart.
Recently solid gains off the lows near 58 USD usd and currently pullback/correction
in progress after we maxed out at 125 usd. Having said that, bull run is not over yet,
and after correction expecting strong performance and new ATH for AMD.
🔸Setup is based on speculative XABCD structure, point X at 151, point A and 58,
point B at 124, point C at 70 usd and finally point D/PRZ at 190 usd.
🔸recommended strategy bulls: advanced buy/hold setup at point C 70 usd,
TP bulls is 190 usd point D, buy/hold setup, patience required.
keep in mind that this is advanced entry strategy for the bulls.
185% gains potential so we got great risk/reward in this trade setup.
recommend to confirm reversal/bottom with other indicator.
good luck traders!
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DESCENDING TRIANGLEPrice is beneath the triangle but no clear downtrend noted.
Price appears to be fighting the resistance line which was previously support within the triangle structure.
No recommendation.
Short with a clear downtrend.
Short interest is less than 2%
