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AMD

AMD heading toward support areaFor those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain. AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend line, so I'm expecting a few bounces to occur. My first short target is the middle of the support area at 59.80, but with hindsight, it should have been 63.62 which is the first support level below the 2-year line. The ultimate target is still 50. It's very possible AMD will make a double-bottom before it gets to 50 so I would look out for that. I'm still bearish at this point. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDShort
by cdnbuzzard
AMD: Key Reversals, and Short-Covering RalliesAMD has been in a bear market since December 1st, 2022. For those of you who took a short position, you have had to endure three major short-covering rallies. The first short-covering rally which began on December 12th may have made you reconsider your decision to short in the first place, and you probably got out at some point. But when is the best time to get out and possibly go long? Identifying key reversals can be helpful in these situations. In a bear market, a key reversal is when the price makes a new low but closes on or near the high (the opposite is the case in a bull market). A bar chart can help you see this better. I've placed black arrows under the obvious key reversals on the daily chart. The orange arrow shows a key reversal that may not fit the definition exactly since the price closed just above the middle and not very close to the high. These rallies only lasted a couple of days each, and since the key reversal can't be identified until the end of the first day, the opportunity to make gains with a long position only lasted one day. An opportunity to go long has just presented itself on January 6th with a key reversal. I'm expecting a rally on January 9th. The question is, will this rally continue to the upper resistance line, or fizzle out in a day or two and retest the support it bounced off? I'll be watching. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDLong
by cdnbuzzard
Is AMD's recent rally coming to an end?Perhaps. AMD has rallied for the past 8 trading sessions. The first session was on January 6 and ended with a key reversal (new low, closed near the high). Today, another key reversal has occurred (new high, closed on the low). This would indicate that AMD is likely to reverse direction and head lower. I'm going to say it will reach 64 by the end of January or sometime in February. I'm usually a bit too optimistic, so I'm giving myself some breathing room. AMD tends to correlate with Invesco's QQQ ETF which is heavy in technology stocks, so I often check to see if QQQ is leading the way. As it turns out, QQQ had an even more prominent key reversal today. To me, this just confirms what I think is going to happen. Of course, I could be wrong. Not all key reversals work the way you want them to (see the red dots in November). We have just reached a 2-year-old support level that may now become a resistance level between 72.80 and 73.75 (the thick blue line and thin black line). I will be watching closely. If AMD doesn't respect the key reversal, it could break through that area and revisit it a few times like it did in November and December. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDShort
by cdnbuzzard
Advanced Micro Devices Analysis 23.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AMD
by basictradingtv
39
AMD continued momentum$AMD soar last week as market pivots due to inflation data from last week. AMD setup is looking bullish here as it entered the squeeze zone going up. as you ca see in my chart. I marked some of the potential entry and exit if the stock extend its rally tomorrow. and also the potential entry for puts if the stocks decides to pull back. Make sure to set your alerts on those price target so you wont miss the move. for more details AMD analysis. check out my streams. Honorable mentions: GOOG AMZN QCOM NVDA DAL BA ( they all have almost similar setup) ========================================================= Hi and welcome to this free technical analysis . ( mostly momentum play ) I am going to POST where i look for possibly entry and exit for intraday or scalp for trading. I will try my best to make the idea short and simple as possible. 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 page.
NASDAQ:AMDLong
by CHRIS_B58
AMD double-top indicates a fall back to 50 by JanuaryAMD has been trading in a descending channel for the past year. A double-top has just formed near the upper resistance line. This would indicate that the price will go lower shortly. It's possible a triple-top could form before this happens. It's also possible that a cup and handle have formed and the price will break out from the channel. But based on the past pattern cadence and the angle of previous price drops, I expect AMD to hit 50 sometime near the end of December or the beginning of January. I'll be watching closely over the next couple of trading days to confirm.
NASDAQ:AMDShort
by cdnbuzzard
3
AMD Potential for Bearish Continuation | 11th January 2023Looking at the H4 chart, my overall bias for AMD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 62.41, slightly below where the 61.8% Fibonacci line is. Stop loss will be at 69.31, where the recent high is. Take profit will be at 54.58, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMDShort
by Rockqet
1
AMD, 10d+/-43.67%falling cycle -43.67% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NASDAQ:AMDShort
by Tonyder
$AMD: Bottom after a correction?$AMD has a nice setup forming here intraday, if price breaks over $65.02 you can expect a strong up day tomorrow, with upside to $66.02. If it fails to get follow through after triggering this buy and moves under $64.08 you can consider the short term entry failed and take the loss. Don't risk over 1-2% in such an entry...if it triggers. The daily down trend time has expired, so it suggests price could mean revert back to the down trend mode @ 70.67 within the next 7 daily bars or less. That's a good target for any position you let run for longer than a day after taking this short term opportunity to get long stock. Best of luck! Ivan Labrie.
NASDAQ:AMDLong
by IvanLabrie
Advanced Micro Devices Analysis 27.12.2022 Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AMD
by basictradingtv
12
AMD: Still bearish, but could it REVERSE from here?• AMD is trading at a key support level, around the 61.8% Fibonacci’s Retracement; • In addition, last week, it filled a previous gap at $63.05. This gap is another support level for AMD’s price; • What’s next? Keep in mind, it is still a mid-term bear trend, as AMD is still doing lower highs/lows and it is below the 21 ema. If it loses the $63.05, it’ll just resume the bear trend and the next technical support is at $59.86; • Could AMD reverse the bearish sentiment? Yes, but it has to break the previous high at $67.85, along with the 21 ema; • As long as AMD stays between its main support and resistance levels, nothing new will happen. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra