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Advancedmicrodevices

$AMD Support and Daily Potential Projection (Still Long)$AMD is trending down after a strong open. It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run. A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached. This remains a LONG LONG LONG, and nothing has failed in the trade channel, even with this potential midday pullback we might just see. GL, etc. -BDR Note: See attached idea Re: Support above 97 and also the original LONG call. Thanks!
NASDAQ:AMDLong
by BDRTrigger33
AMD found a strong supportAMD Advanced Micro Devices has found a strong support on the middle line between 2/1 and 3/1 gannfan and on the middle line between 0.618 and 0.5 fib which is also a prior support level from the move up at 74.28$. AMD made a double bot at those levels and had a very strong move to break the prior highs making new highs and with that a higher low higher high bullish structure. Next stop will be at the 50sma 2/1 line but if the momentum stays as strong as it is now it will break through it and retest it in a very short time and continue up from there. Price target is the 1.618 fib level (81.80$ level) -> 2.618 (86.59$ level) at first. The second price target will be hit after the 50sma retest and from there we will go to the prior highs
NASDAQ:AMDLong
by UnknownUnicorn7005306
Advanced Micro Devices (AMD) Technical Analysis - GO LONG Info: The AMD Ryzen and the Intel Core CPUs offer similar performance, the former being better at multi-tasking while the latter are faster when it comes to single-core tasks. However, Ryzen CPUs tend to offer better value for your money. Technical Analysis - The idea is to go long following the major bullish trend. Fundamental Analysis - Good News as per below info - Go long. Advanced Micro Devices (AMD) AMD’s processors have become a mainstay in the PC market and its expansion into gaming and data centers provides ample room for growth. The company competes alongside the likes of Nvidia and its CPUs are outshining rival and industry titan Intel (INTC - Free Report) . For instance, the announcement of its new 7nm Ryzen desktop processors on July 21 helped send its stock to new highs, only a week before it posted strong second quarter results. AMD’s quarterly sales surged 26% and it raised its guidance, which is no easy task at the moment. The firm is also set to benefit from the holiday 2020 launches of the and next-generation Xbox and PlayStation and its cloud-focused chips are being used by Microsoft (MSFT - Free Report) and others. And the good news kept coming, when AMD announced on August 4 the “availability of new AMD Radeon Pro 5000 series GPUs for the updated 27-inch iMac.” Looking ahead, our Zacks estimates call for AMD’s fiscal 2020 sales to surge 32%, to easily top FY19’s 4% jump, as well as FY18’s 23% and FY17’s 22%. AMD’s FY21 revenue is then expected to jump another 20% higher. Meanwhile, its adjusted earnings are projected to soar 72% this year and 46% next year. AMD is a Zacks Rank #3 (Hold) at the moment, with its bottom-line estimates up big since its report. The chip firm’s shares have soared 50% since July 21 and they climbed to new highs once again Thursday—all part of an epic five-year run that still appears to have legs.
NASDAQ:AMDLong
by Mauriello
6
I'm Looking For a Short On AMD Around $90I have kept my eye on lookout for a spot to short AMD. Price has been playing this rising wedge perfectly. We were looking to short it not too long ago if it would of broke through the support. Instead it surged to return to the top of the wedges resistance. We are now approaching the $90 level. I am interested in taking a short position their based off the pattern recognition. This will be an aggressive play. If were to break the top of resistance I will look to exit. First we need to see if we will get to $90. I stand firm on that price target. Best of luck!
NASDAQ:AMD
by UnknownUnicorn2319099
32
AMD: Bullish Cup and Handle Formation 4H (Apr. 23)X FORCE GLOBAL ANALYSIS: AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout. Technical Analysis - We have spotted a traditional reverse head and shoulders pattern on the 4H chart - This pattern has been supported by a parabolic trend line support - We have seen a small correction after the formation of the right shoulder, which could be interpreted as the handle pattern - Despite the correction, the Relative Strength Index (RSI) continues in an uptrend, creating higher lows and higher highs - The Moving Average Convergence Divergence (MACD) also shows a clear uptrend, with a potential golden cross What We Believe Though not stated in this analysis, we believe that AMD is a stock with strong fundamentals, and a lot of bullish potential based on short term technicals as well. Trade Safe.
NASDAQ:AMDLong
by XForceGlobal
1