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$AMD position trade idea LONG TERM weekly/monthlyNASDAQ:AMD has been weak for awhile on the weekly chart, but nothing lasts forever. This is a long position trade idea I have for myself, with the thesis that, long term, NASDAQ:AMD is reaching for $360ish over the next couple of years, based on fib projections from back when the bull market started years ago. NASDAQ:AMD briefly touched a premium zone months ago (red shaded area), and with the current weakness NASDAQ:AMD has been pulling back and just reached a short term discount zone around $109 (green shaded area). My expectation is that NASDAQ:AMD might drop a bit more into this zone, perhaps sweep under the lows at $93.12, reach a couple of projected targets for the short interest (that I have marked in red and orange lines), and then find support and bounce aggressively from there. This is all based on a pattern I frequently see where when a chart reaches the premium zone near the end of a move, it often pauses just shy of the target and feigns a reversal, falling back into the short term discount zone, often sweeping a low, and then aggressively pushing for the target that was intended all along. This serves to wash out any short term holders and deny them the full target, while offering good prices to the long term holders to reaccumulate before reaching their target. Seek professional investment advice elsewhere, this is not trading or investment advice, this is my own observations and how I intend to approach NASDAQ:AMD in this current price area. I will not be blindly buying anything and I always manage my risk in case I'm wrong.
NASDAQ:AMDLong
by easycators
7
NVDIA Why buying in December is an excellent strategy.NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while. The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line). On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg. As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started. As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
1
NVDA, CRUCIAL Pullback Triggers, Major BEARISH Indications!Hello There! Welcome to my new analysis about NVDA on several timeframe perspectives. Within the recent times the market of NVDA has shifted into a potentially crucially developing bearish pullback scenario consideration. Especially, as there are underlying bearish factors that could trigger such a bearish signal that NVDA does not have the ability to emerge with new highs in the near future. Within the recent times "official" sources have reported about the new Covid-19 variant "Iris" which is already causing the rise of the hospital activity to over 40%. Within the Covid-19 pandemic global financial market disruptions such stocks showed a major downside. Only a half of this dynamic seen in 2020 this time could trigger such a bearish rection in NVDA that is causing further net-long-position liquidation-squeezes towards the downside to emerge with a minimum -30% dump. A major shortage within the semiconductor manufacturing could accelerate a bearish dynamic here as NVDA could emerge with a massive bearish indication especially once supply chain disruptions emerge similar as it has been alreay seen within the actual declines in May 2020 because of this dynamic. Depending on the severeness and intensity of the supply shortages this could trigger such a bearish momentum that even once the final ascending-wedge targets are reached NVDA moves further after this. Once a continuation of bearish pullbacks emerges here and NVDA formed the breakout below the lower boundary of the gigantic ascending triangle this is going to activate the target-zones marked in my chart at 280-300. Once the targets are reached it has to be elevated how the bearishness continued till there on and if a reversal will even be possible. When NVDA continues with the major bearish inclinations this does not mean NVDA is going to be bearish forever and that it is not going to mark a new all-time-high ever again. Because, especially when the bearish momentum could reach such a level from where a reversal is possible in combination with a confirmation in the market there is still the possibility for stabilization and a retest of previous areas. This is why I am keeping the symbol on the watchlist and re-evaluate the situation once important changes setup. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
LSIN:0R1I
by VincePrince
13
Why I wouldn't buy NANO Labs now.While prices have certainly given a solid return for anyone who placed a bet around the support right below $1, current price action IMO does not provide a good risk/reward (also factor in the wild intraday price swings). Despite prices building up well below the AVWAP from the Jan 2023 highs and breaking out on Friday, the large daily range over the past week generally is a signal for no new buys. Add to this, the declining 200 day MA which is currently around $2.06 and also strong medium-term resistance around $1.80.
NASDAQ:NA
by xTDGS
2
$NVDA Nvidia missed earnings! Next level of support has a gap.$NVDA has a very interesting chart. Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo. I see a solid accumulation/support near the $157-$161 level. NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a textbook INVERSE Head & Shoulder pattern with a first target/resistance near the $190 level. Closing above the $190 neckline would open the door to more possibilities such as filling the gaps above (marked in red) created in APRIL 2022. Losing the $157 level would break it down to the low $140's setting up a possible double bottom pattern as a best case scenario. Gaming is a billion dollar industry and most of the crypto decline shock is priced in. NVIDIA is poised for continued upside in the coming years as we slowly enter the metaverse.
NASDAQ:NVDALong
by ChaldeaCode
2
MCHP on the move!Who is gonna win this battle: cup and handle or rising wedge ? MCHP made a nice “buy the dip” on Tuesday creating a “cup and handle” pattern that combined with the ABCD pattern gives a forecast for a possible target price at point (D). If that happens, MCHP will break the resistance line and go into a new trend which it will then surely test again. Of course you should also keep in mind the rising wedge and be careful. But on my opinion bears are not strong enough to push the price down at the moment, but in any case it remains to be seen how this battle will unfold and be ready for buying setups. Thank you for reading this, and if you have some comments there are more than welcome, also feel free to press like button if you think this is a interesting and good analysis :) NASDAQ:MCHP
NASDAQ:MCHPLong
by kova137
AMD Bullish, Long, Fib+EW PredictionsrThis is not financial advise. For entertainment purposes only. MY OPINION AMD has had some good news, and solid growth despite the trade war between US and China. Finding support at the .618 Fib retracement at the end of a rising wedge, especially to end the week or month, could spark a full breakout to the ATH of $47.50. However, when adjusted for inflation, that is $70.64 in today's USD. I'm setting next targets to watch between $36 and $42 if resistance is successfully broken here. Of course, this is all bearing that AMD continues to have few issues and the company stays profitable. Anything can happen over the course of a few years.
NASDAQ:AMDLong
by MakeAManOuttaU