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AMD trade ideas

AMD to 1.618 Fib LevelI'm thinking AMD will eventually break out of this triangle pattern, and reach the 1.618 Elliot Fib Level which is equivalent to about $126 in the 3rd week of August. Then Intel will pay their wall street buddies to put out bad news on AMD to try and drive the price down. Then AMD's wall street buddies will put out more good news on AMD's Artificial Intelligence capabilities, which will then drive the price up to the $137 Fib Level. Last step in the process, is the automated machine algorithms buying up AMD stock early in the 4th week of August to ultimately drive the price up to $155 - $162 Fib Level.
NASDAQ:AMDLong
by Phoenix-Rising
4
Advanced Micro Device Can we bounce from 21 Weekly EMA?Hi Guys! This is a Technical Analysis on Advanced Micro Device (AMD) on the 1 Week Timeframe. Previously i posted a chart on the Daily Timeframe, mentioning of a potential breakout to the upside. But it was short lived as a fakeout, and we are down 7ish% since then. To get an understanding of what went wrong, i decided to analyze the Weekly timeframe to get a bigger picture. As you can see: We have closed BELOW the SUPPORT line of the triangle. We have also closed below this short term RED Horizontal support line. And we are now Testing SUPPORT on the 21 Weekly EMA. This is a Major development in my opinion. 21 EMA is used to determine trend: ->If its ABOVE = BULLISH ->If its BELOW = BEARISH Whenever we are ABOVE the 21 EMA, its important for the BULLISH trend to have price action test SUPPORT on the EMA, every now and then. For the BULLISH Trend to continue, we need CONFIRMATION that the 21 EMA indeed acted as SUPPORT. But there is also the case, of the 21 EMA not being able to maintain SUPPORT. So whats more likely in our current situation? In my Opinion, its becoming more likely or probable that we BREAK BELOW 21 EMA. For me and for more evidence i like to use INDICATORS. Ive highlighted some Scenarios that mirror our current developments in the 3 indicators ive added. Notice the Differences between how far we drop under the 21 EMA and the variations found in the indicators. For Price action to weaken and drop below 21 EMA, 3 things need to happen: 1. RSI -> Showing the Orange line break support and move BELOW the Black line. The longer stay below and continue lower, more likely for price declines. 2. MACD -> BEAR CROSS, (Blue line below Orange line) and the appearance of Red Histogram. 3. STOCH RSI -> Below the 20 level. The longer we stay below this level, more likely for price decline We are currently in this SCENARIO, highlighted by BLACK BOX. So now to determine exactly how far BELOW we go, If we do break SUPPORT. To gauge at that, we look LEFT and we look at the specific changes/ differences in the indicators. For LARGER PRICE DECLINES like in Scenario #3 and #4 -> MACD Histogram Bars were LARGE -> MACD Blue/Orange lines moved BELOW 0 level -> STOCH RSI for #3 continued for about 133 days (longest compared to other scenarios). -> RSI Orange line stayed below Black line for extended period Now notice #1 and #2 -> The indicators didnt show extreme variations as seen in #3 and #4 -> Scenario #2 Price action was below 21 EMA for a decent amount of time but it was consolidating, rather than having a major decline. -> Though the RSI Orange line was below the Black for extended time, -> the STOCH RSI was at oversold area for 119 days, -> the MACD Orange/Blue line NOT dose diving BELOW 0 level, helped price action maintain a range before moving back over 21 EMA. We have to keep in mind though that history DOES NOT have to repeat and that a new scenario can be possible BUT Main thing to watch is the size of the histograms of the MACD and whether or not we stay ABOVE the 0 level, in my opinion. A level to look at is the SUPPORT line labeled "MAJOR SUPPORT". IF we do close BELOW 21 EMA, it becomes more likely we test this line. ________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on AMD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:AMDShort
by SafofAllTrades
Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe. Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK. Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation. If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle. KEEP WATCH of FAKEOUTS, where we enter back into the triangle*** Our 1st Target = $125 - $132 range Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line. This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021. Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS: RSI -> Notice how the RSI is coiling up in this range between the BLACK lines. -> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need. STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1. MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level. -> If we get above this 0 level with the cross, it will further the Bullish Momentum case. TRADE IDEA: STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle Scale in your buy orders CONCLUSION: We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:AMDLong
by SafofAllTrades
AMD what's next? $114.68ishOk, the target from the short hit today, so I may as well keep playing this game with AMD. It's still bearish longer term it looks like, and so are the indexes it seems. But, there should be a small reprieve on Monday morning. So, AMD and my handy tools suggest going up 6% (114.48 from current price), and price (a separate number) gives $114.68 (just thought I'd see how accurate I can get with the cents). It's possible it'll go higher, I suppose, but the easier /moves/money is how this seems to work. That's it. I'll update anything new & have a lovely weekend.
NASDAQ:AMDLong
by JenRz
AMD to breakdown at overbought extremes?Advanced Micro Devices - 30d expiry - We look to Sell a break of 106.89 (stop at 114.09) Daily signals for sentiment are at overbought extremes. The lack of interest is a concern for bulls. 107.08 has been pivotal. A break of bespoke support at 107, and the move lower is already underway. Short-term momentum is bearish. Our profit targets will be 88.89 and 85.89 Resistance: 113.80 / 119.00 / 122.12 Support: 107.08 / 103.50 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:AMDShort
by VantageMarkets
Earn 18% While Waiting To Buy AMD At SupportHey guys! Today, we're looking at a Trade Idea in AMD, the popular semiconductor company that often plays second fiddle to Nvidia (NVDA). Like most of our trade ideas, this post focuses on selling put options - this time, on AMD shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you will be forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words- either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, AMD seems like a great candidate for this strategy. Selling the October 20th, 2023 $105 strike put options yields more than 18% on an annualized basis, and 105 is a decent support zone, as you can see on the chart above. This is also a popular pivot area if you zoom out further: The stock has also been in a bullish uptrend, and the recent, flat price action is a solid consolidation that should be perfect for selling puts: But what about fundamentals? All of this means scant little if you're forced to buy a stock that will go down over the long term. Fortunately, AMD is growing its top-line sales and bottom-line profits at a steady pace on the back of increased demand for semiconductors: While the company is diluting shareholders somewhat, the valuation, at only 8x sales, seems reasonable when compared with peers and to the company's own multiple historically. Plus, the trade has a 76% chance of earning max profit by expiry. Overall, we think selling the October 20th, 2023 $105 strike put options is a great win-win trade for income-seeking traders. Cheers! Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
NASDAQ:AMDLong
by PropNotes
26
AMD peak and valley vertical line time frame phase ideaI want to post a time frame analysis idea to get some constructive feedback, thoughts, and observations. Im new to trading, I'm on year two. I always look at the peaks and valleys of the market and think that buying 1-2 month options should be easily profitable. Im simply sticking vertical lines on the highs and lows and giving a general count of days between. THIS ONE IS DIFFICULT TO ENTER because AMD is in a choppy channel. A recent optimal entry was when it bounced off the 107 - 111 area. Will it retrace back off the immediate resistance to a better long entry? Or will it be off to the races, knowing AMD it is all possible?
NASDAQ:AMD
by happydays01
1
AMD Still a buy as long as the 1D MA100 holds.Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at 95.00, on a potential contact with the 1D MA200 (orange trend-line) too, which is intact since March 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
6
Will $AMD gonna hit the trendline breakout? There are a few factors that could be contributing to the recent rise in AMD stock price. First, the company has been posting strong financial results. In its most recent earnings report, AMD reported revenue of $5.36 billion, which was up 62% year-over-year. The company also reported adjusted earnings per share of $0.57, which was well above analysts' expectations. Second, AMD is benefiting from the strong demand for semiconductors. The global semiconductor market is expected to grow by 10% in 2023, and AMD is well-positioned to capitalize on this growth. The company is a leading supplier of microprocessors for gaming consoles, personal computers, and servers. Finally, AMD is also benefiting from the recent sell-off in tech stocks. As tech stocks have declined in recent months, AMD has become more attractive to investors. The stock is currently trading at a relatively low valuation, and it has the potential to rebound in the near future. Overall, the outlook for AMD stock is positive. The company is well-positioned to benefit from the strong demand for semiconductors, and it is trading at a relatively low valuation. Investors who are looking for exposure to the semiconductor market may want to consider investing in AMD stock.
NASDAQ:AMDLong
by EaMon_AeMon