Market Structure & Key Levels
* AMD is currently trading within a downtrend channel, struggling to break through the resistance zone around $100–$102.
* A key support zone is forming around $95–$96, where buyers have been stepping in.
* The broader trend is bearish, with AMD rejecting from the upper boundary of its trend channel.
Support & Resistance
* Immediate Resistance: $100.25, $103.14, $104.00
* Immediate Support: $95.91, $94.73, $90.00 (PUT Wall)
📊 Indicator Analysis
MACD & Momentum
* MACD is slightly bullish, but the momentum is still weak, suggesting uncertainty.
* If the MACD crosses bullishly with volume, we could see a short-term relief rally toward $100+.
Stochastic RSI
* The Stoch RSI is oversold and curling upward, hinting at potential upside.
* However, without strong volume confirmation, this could be a weak bounce.
📈 GEX & Options Insights
* IVR: 52.9, suggesting moderate implied volatility.
* IVX avg: 56.5, showing that the stock is near average volatility levels.
* GEX Sentiment: Bearish
* PUT Support Wall at $95 (Highest negative NETGEX level).
* CALL Resistance at $102–$105 (Heavy gamma exposure).
* A break below $95 could trigger more downside pressure toward $90.
💡 Trade Scenarios
🟢 Bullish Play (Breakout Above $100)
* Entry: Above $100.25 with strong volume.
* Target: $103.14 → $104.00.
* Stop Loss: $97.50 (Below rejection point).
🔴 Bearish Play (Continuation to Downside)
* Entry: Below $95.50.
* Target: $94.73 → $90.00 (PUT Support Wall).
* Stop Loss: $97 (Above consolidation zone).
Final Thoughts
* Bearish Bias Unless AMD Breaks Above $100–$102.
* Watch for a rejection at resistance or a breakdown of $95 for further downside.
* Implied Volatility suggests a strong move could be coming.
🚨 This analysis is for educational purposes only. Always trade with proper risk management! 🚨
* AMD is currently trading within a downtrend channel, struggling to break through the resistance zone around $100–$102.
* A key support zone is forming around $95–$96, where buyers have been stepping in.
* The broader trend is bearish, with AMD rejecting from the upper boundary of its trend channel.
Support & Resistance
* Immediate Resistance: $100.25, $103.14, $104.00
* Immediate Support: $95.91, $94.73, $90.00 (PUT Wall)
📊 Indicator Analysis
MACD & Momentum
* MACD is slightly bullish, but the momentum is still weak, suggesting uncertainty.
* If the MACD crosses bullishly with volume, we could see a short-term relief rally toward $100+.
Stochastic RSI
* The Stoch RSI is oversold and curling upward, hinting at potential upside.
* However, without strong volume confirmation, this could be a weak bounce.
📈 GEX & Options Insights
* IVR: 52.9, suggesting moderate implied volatility.
* IVX avg: 56.5, showing that the stock is near average volatility levels.
* GEX Sentiment: Bearish
* PUT Support Wall at $95 (Highest negative NETGEX level).
* CALL Resistance at $102–$105 (Heavy gamma exposure).
* A break below $95 could trigger more downside pressure toward $90.
💡 Trade Scenarios
🟢 Bullish Play (Breakout Above $100)
* Entry: Above $100.25 with strong volume.
* Target: $103.14 → $104.00.
* Stop Loss: $97.50 (Below rejection point).
🔴 Bearish Play (Continuation to Downside)
* Entry: Below $95.50.
* Target: $94.73 → $90.00 (PUT Support Wall).
* Stop Loss: $97 (Above consolidation zone).
Final Thoughts
* Bearish Bias Unless AMD Breaks Above $100–$102.
* Watch for a rejection at resistance or a breakdown of $95 for further downside.
* Implied Volatility suggests a strong move could be coming.
🚨 This analysis is for educational purposes only. Always trade with proper risk management! 🚨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.