AMD trade setup idea 15-september-2022AMD is in a downward channel since Jan this year. Partly because of the Semiconductor issue.
The current support level is an important level(75-77) for AMD. It has already tested this level twice.
We would have to wait for the price to show us the direction.
If we cross 78.5, we could take a long position with the first target around 83.5 levels.
If it penetrates the support levels of 75, we could take a short position with a mid term target of 60.
Amdprediction
$AMD big resistance..$AMD needs to break the big resistance of $104 before it continues its rally back to 106+ no major news so far about the company and its products. Semis dipped after a market shifted its focus to energy stocks. i believe the semis and the tech stocks will continue to pull back, expect more pain until J Powell next meeting. For now, you might want to check out retail stocks and travel stocks.
here's my day trade price target for AMD on FRIDAY 08/12/22.
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For calls; buy above $99.39 and sell at 100.47 or above
For puts, buy below 96.62 and sell at 95.13 or below
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AMD - Ain't Moving Down!Advanced Micro Devices
Short Term
We look to Buy at 94.20 (stop at 87.55)
Broken out of the channel formation to the upside. Reverse trend line support can be seen at 95.00. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. Dip buying offers good risk/reward.
Our profit targets will be 109.19 and 119.18
Resistance: 110.00 / 125.00 / 163.00
Support: 90.00 / 85.00 / 72.00
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$AMD falling chopstick breakout?AMD breaks out from its 3 day losing streak to 4 day winning streak after the feed week and blue chips earnings. AMD looks like a falling chopstick at 4hr chart. but also clearly visible its lower high movement. with earnings coming up tomorrow after market close. i expect $AMD to pull back along with the overall market as it starts to cool off its steam from 4 day winning streak. or it can go sideway like consolidation and make little move before the market close. AMD could breakout to $100 if they beat the Wall Street EPS estimate with positive guidance.
here my price target for $AMD for monday 08/02/22.
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For calls; buy above $98.30 and sell at 100.36 or above
For puts, buy below 96.50 and sell at 93.95 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
$AMD down trend momentum$AMD has been trending down at a lower level ever since the market continues to pull back. Since then, $AMD picks ups a lot of short interest creating this downward move. The company's earnings have been amazing lately and continues its innovation for computer chips and probably expanding their reach to cloud computing and so on. a lot of big institutional traders seeing a buy, but the uncertain of the current market right now, preventing some traders to hold the stocks for long swing.
The average move of AMD per day is about $4.00-6.00 depending on market conditions and news.
here my price target for $AMD for monday 07/11/22.
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For calls; buy above $80.15 and sell at 82.14 or above
For puts, buy below 78.18 and sell at 77.40 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE button and maybe consider following my channel.
AMD:Bear market rally or turnaround?Advanced Micro Devices
Short Term - We look to Buy at 95.03 (stop at 83.57)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 90.43. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit targets will be 125.60 and 133.11
Resistance: 125.60 / 140.00 / 157.50
Support: 93.50 / 84.00 / 72.30
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AMD: It is a wonderful time to buyHello traders, it looks like AMD is finishing up its W-2 within a larger degree W-3. We see that price is approaching the .786 fibonacci retracement, and we have a positive MACD divergence. This is a great opportunity too add to your long positions. Soon we will be in W-3 of W-3, so that will be a very powerful move to the upside. Good luck traders :)
AMD: Big Picture Looks GoodHey friends, here is my longterm view of the AMD chart. On the smaller scale, I think it should bottom in the $80-$90 region and then begin the next leg up to $300+. I would be selling at 300 with the hope of purchasing back at the 150 level for the final leg up to 500+ before AMD enters a prolonged bear market where price can reach the same level it is today.
AMD: Now is NOT the time to buyHello Friends, here is a fresh AMD update. Unfortunately, the outlook is not good right now. For me, I am expecting a final move down to the $86-$92 region before we resume the uptrend. I think the sweet spot will be $88, because this will be the .236 retracement. AMD is very volatile, so large swings like this should not be surprise. For now, I will wait for my price target :)
AMD: Time to fill the Gap at 106Hey all, I wanted to give a quick AMD update this morning. After today's price action, the structure of AMD's decline has become more clear. I believe we have 1 leg down to go which should bring us to the 106 region and fill the gap that was left behind. This will be good for AMD longterm, as it is not a a good thing to leave open gaps behind in the chart. I will be adding heavily in the 106 region if we get there. Upside targets are still in tact. Good luck traders.
AMD: Time to go longAMD underwent the C-Wave drop that we warned about in our update a few days ago. C-Waves are generally the fastest moving and harshest waves, so it is no surprise that AMD fell about 15% in just 2 days. The speed and depth of the move even exceeded our expectation. In fact, this move was so steep that it difficult to come up with a clear 5 wave pattern down. It may still just be 3 down so far.
My base case is this: AMD has bottomed and will now begin its W-3
My bear case is this: AMD has 1 more low to make, which will likely fill the gap at the 105 level
Either way my upside targets remain the same: 160 In 60 days, and 200 in 120 days
AMD: Go long at 117AMD gave us a clear 5-wave impulsive move off the lows, what happens next is very important. This could be an A-B-C with a final low yet to be struck, but the probability of that has decreased dramatically in my opinion. Right now we are topping in the B-wave. Expect the C-Wave to bring us to the 117-110 level. I will be initiating a long position at 117. Price target for this swing trade is 200+. Nice R/R setup.
Advanced Micro Devices Analysis 06.02.2022Hello Traders,
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AMD: Still looking for a bottomAMD had a strong 4th wave bounce after it's stellar earnings report. However, the stock turned downwards at a key resistance level. It appears that AMD is forming an expanding diagonal as the C-Wave of this A-B-C pullback. My ideal target is the 2.0 extension, which is $90, before we resume the broader uptrend.