AMD NeutralAMD Support at 200MA or $135.
If AMD stays and breaks out of this triangle which its been in for years on the support end and decades on the resistance end, we could see AMD in the thousands of dollars.
My personal opinion is we haven't yet seen the highs of the "AI Bubble."
Feel free to zoom in and out of chart.
AMD trade ideas
ANALYSIS ON AMDDear Traders and Investors,
I'm sharing with you this analysis on AMD to tell you to close your position if you're holding a long trade, as you can see in the chart, the price pulled back on the 0.5 level of the fib and gave us a confirmation, now it's heading towards the 0.6.
For further question, don't hesitate to ask!
$AMD IS HOTI ll tell you right now, AMD is set to rally. 102 is the starting point to go for the 130. Price bounced at the .705, grabbed liquidity below this 102 and now is retesting it. As soon as the short term downtrend is broken, it will fly.
Trade idea is cancelled below 94.45.
Sytay tuned! NASDAQ:AMD
AMD’s Pullback Could Be EndingAdvanced Micro Devices more than doubled in the first half of the year. Now, after a healthy pullback, the semiconductor stock may be ready to climb again.
The first pattern on today’s chart is the falling trendline along the highs of June, August and September. AMD pushed through that line last week and has remained above it since.
Next, the $105 area was a peak on September 29. Prices tested it on Friday but are now rebounding. Has old resistance become new support?
Third, the current gains are occurring at the 50-day simple moving average (SMA). Further upside from here could turn the intermediate-term trend higher.
Also notice how the bounce started at the 200-day SMA on September 25. That may suggest its longer-term uptrend remains in effect.
Finally, MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA. Those signals could reflect more bullish price action in the shorter term.
The next earnings date is estimated for October 31.
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Bullish on AMD.
As you see here on the daily chart, we are bouncing off of a weekly trendline. We are also forming a bullish flag pattern on the weekly chart. So, I would look for a price break above the trend line on the daily chart with heavy volume and look to hold for a few days. This is a beautiful play.
🔥 AMD BULLISH STRUCTURE 🔥AMD had been in a descending triangle (as shown in chart), and has a weekly close outside of the triangle (bullish). I suspect the assets will grow from here towards the highlighted fib levels in the short/mid-term. I will do my best to keep you updated.
Happy Trading Everyone!
AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: my last update on AMD was published a long time ago, July 29th. In summary, I expected bullishness at that time.
Update:
Analysis of the Structure:
I am now labeling the bullish move of October 2022 to Jun 2023 as a wave (a) of I and since then, we are in wave (b) of I, correcting that whole bullish move.
Wave (b) is developing as a triple zigzag and currently, we are starting wave y of (b). The structure of whole wave (b) has been really messy to count including very complex flat correction.
Analysis of the Cycles:
The low of September 25th was the first 40D cycle trough in the second 80D cycle of the first 20W cycle of the current 40W cycle. We are expecting a 20W cycle trough in the first week of November. This means we should get a huge amount of bearishness going into this trough, also a strong bounce out of it.
The 18M cycle trough is also expected in March 2024, which would be the wave (b) bottom.
AMD 3-2 up on the week, potential PMG Outside week (once a 3 always a 3), follow through with a 2 up on the weekly.
Pivot Machine Gun (PMG) potential up North.
As long as it's green on the week, month and quarter Long it is.
Beware: green, but still inside (1) on the month and quarter.
Shooting for 120-130 area towards the end of the year, let's see how it plays out.
AmD What You Want To PlaY !Hi mates, sharing 4H chart of AMD for my trading idea.
As we can see that 99.80 levels acting as a key levels for price and prior it gives bounce from there, and later this was resistance for it. Although current sentiments of market is not supported for long side trades but still i want to take a chance for long side trade if it will break resistance and closed above, targets and resistance marked on chart.
Shared an sell idea too on chart and if break support and close below can march towards below metion support based target too.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Unveiling the Potential of AMD in the Bull Market: Target Price Good day, dear readers,
Today, I want to talk about AMD, which is like NVIDIA's second industry leader after acquiring AI company. I recently got into AMD at $108, and I set a safety net at $104, with my sights on the $111 line. If it breaks through, there's a chance for some big wins!
But here's the thing: as we get closer to the earnings report, it can get a bit tricky. So, my advice is to sell half of your shares and be a bit patient. Let's see what happens next
Advanced Micro Devices Stocks: Trading Idea for 11/10/2023Chip manufacturer Advanced Micro Devices (AMD) has announced plans to acquire artificial intelligence startup NOD in an attempt to catch up with its rival, Nvidia (NVDA). The latter is a leader in the production of AI chips.
Today, we are focusing on the Advanced Micro Devices (NASDAQ: AMD) stock chart.
On the D1 timeframe, support has formed at 104.89, with resistance at 107.89, which was swiftly broken through on Tuesday 10 October. Additionally, the chart broke out of the descending wedge, surpassing the descending trend line, which may indicate the beginning of an uptrend.
On the H1 timeframe, the short-term target for the price increase is around 121.80, while in the medium term, it could potentially reach 150.33.
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ADVANCED MICRO DEVICES Huge bullish break out in the runs.Advanced Micro Devices / AMD is above the 1day MA50 testing Falling Resistance 2, which is the final Resistance level before a complete technical bullish break out.
This move was generated after a textbook test and rebound on the 1day MA200, inside the Higher Lows Zone of the long term uptrend.
With the 1day MACD on a Bullish Cross, if the Falling Resistance 2 level breaks, buy and target 128.00 (+35.40% rise, the minimum so far on a 12 month range).
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Lo in AMD $96-97 (daytrade short) & BUY it for $113 targetAMD hit my long awaited target of $101 on Friday and I am getting it lower for today to around $96.50.
The big idea here though (per my dowsing) is to buy it, as it will be a spike down and reverse up. These scenarios can take more than one day to play out, however, I think it's for today as this is a date I've repeatedly gotten for indexes to have some kind of reversal action.
I also get the spike down and reverse up scenario in the SPX reading, so it's no doubt to me going to go up soon.
The time of day indicated for such reversal is around 1:00 eastern. Sometimes these times are bogus, but this time window comes up for both AMD and SPX.
I also was given the date of October 6th for AMD, so maybe those are the best options and it takes that long. Good luck!
AMD DOUBLE RESISTANCE! PERFECT?AMD had a nice pump this week and not it's in a little bit of trouble. There is a confluence stopping it's bullish price action. Two major resistance levels merge and AMD looks like it will need to retrace back to the support below before another attempt at moving higher.
If price stays where is it by Monday open, I will enter a short position with my stop above the current local high.
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This is not financial advice. This is for educational purposes only.