AMD: ROAD TO $100$AMD has left the descending channel and close above the 50 daily MA. Now with BoC signaling interest rates cut in the next meetings, Fed will certainly not keep the same hawkishness after the positive US economic data too.
Let's see what we get for Q4,2022 earnings report, 31 January 2023. Will update this by then.
SL: below $60 should be fine
TP: $
AMD
AMD bullish move? - $AMD continues to push higher, along with the broader tech sector, amid overall market strength.
- AMD broke through its tough resistance at $90 and is currently closing around $97.
- Technical indicators are signaling that it's overbought, so don't be surprised if the stock pulls back. Bulls need to hold AMD above $85-90 to continue its bullish momentum.
- $AMD average price move per day is $2-$6 per day depending on market volatility.
- Below are my price levels for AMD.
Calls: buy above 99.69 sell at 103.69+
Puts: Buy below 94.99 sell at 93.29
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SIDE NOTE:
- make sure that you setup a price alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
- sometimes, the fist 30 minute after of the opening bell is always volatile.
is either you can catch the move there. or wait for an 1 hour for better or cheaper price.
- as always if you have any question feel free to leave me a comment here.
if you're enjoying my ideas please don't forget to follow me or give the idea
a boost or like. thank you see you all soon.
$AMD: Long term trend is up$AMD is a leading chipmaker that provides processors for various applications of generative AI, such as ChatGPT, Bing, and Bard. Generative AI is a technology that can create new content based on existing data, such as text, code, images, and music. ChatGPT is a generative AI model that can write prose, code, and much more. It has been hailed as the most powerful and unpredictable technology of this generation. Generative AI has the potential to revolutionize and expand the creator economy by enabling new forms of expression and innovation. It can also improve efficiency and productivity in various sectors by automating tasks and generating insights. By adopting generative AI, chatgpt can transform the economy with higher efficiency, which allows economic growth despite slowing demographics long term. $AMD benefits from this trend by providing high-performance chips that power generative AI applications and platforms.
$AMD seems ready to rally steadily from here, long term trend is up and we should participate on the upside with low risk entries like this one. Try to not miss out on this one.
Best of luck!
Cheers,
Ivan Labrie.
AMD Offers Way to Play the Relief Rally in US EquitiesPrice action in broader US equities—the S&P 500 SP:SPX and the Nasdaq NASDAQ:NDX in particular—has been tricky over the past few months since the October 2022 lows. SPX for example rallied off the 2022 lows into early December 2022 and it staged a false breakout above the bear market's most predictable trendline, the down trendline from all-time highs. The December 13, 2022, FOMC killed that rally, and and price fell back, rapidly retracing the prior rally's gains. Next, price rallied hard again in January 2023 into early February 2023. Price broke above the December 2022 highs in both the Nasdaq and the S&P 500 but failed back below that breakout point. This typically would be a bearish signal, and it was—after showing choppy stalling action between 4100 and 4200, SPX's price fell further for nearly the entire month of February 2023. Now, price seems to have found a low and is rallying once again. This does not mean the bear market is over, and this has been analyzed and explained in prior SPX posts .
AMD may be a good way to play the relief rally in US stocks. AMD has been forming a series of higher highs and higher lows since its low on October 13, 2022, which coincided with SPX and NDX's 2022 lows as well.
AMD has shown extraordinary strength despite an ugly macro environment. It rallied 62.98% from October 13, 2022 lows to February 2, 2023 highs. Setting aside the multitude of macro reasons to be bearish (including the ever increasing Fed Funds rate expectations and market-pricing of terminal rates), AMD's price action shows the potential for short-term or intermediate-term upside before weakness strikes equities again at some point. Yes, many reasons exist to be bearish, and SquishTrade is certainly not calling for new all-time highs or a new primary uptrend. Instead, this presents a swing trade opportunity.
AMD faces major technical resistance at around $90 and $100, which is shown by teal-blue rectangles on the Primary Chart (above). Fibonacci resistance also shows confluence with these supply zones on the higher timeframe view.
AMD also formed a trading range for this current consolidation starting mid-February 2023. Today, it broke above the range. Sometimes, breakouts are followed by retests, but the strength shown today across the equity space makes it unclear whether a retest may occur. Use risk management and try not to chase especially with imprudent sizing. This will be important to hold into the close.
Supplementary Chart A: Breakout of Trading Range
The Primary Chart at the top of this post also reveals that AMD broke above a key Fibonacci level today at $80.89. This will be important to hold into the close as well for the bullish view. Just overhead lies the VWAP from the prior swing high in early February 2023. Today, this anchored VWAP lies at $82.03. Be mindful of how price responds to that level. Price could pause and consolidate at that level, or also at the .618 retracement levels.
Price also has formed a bull flag. This does not guarantee a breakout, but it tends to support a bullish case as a consolidation pattern. This is shown on Supplementary Chart A.
Here are the remaining price targets based on Fibonacci and resistance / supply zones:
1. $82.00 (most conservative—VWAP from prior swing high shown on Primary Chart above)
2. $82.43-$83.97 (conservative)
3. $85.48-$89.00 (moderately aggressive)
4. $96.55 - $100.00 (aggressive)
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
AMD - Double Bottom Formation [MIDTERM]AMD has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. It also gave positive signal from the double bottom formation at the break up through the resistance at 78. Further rise to 94 or more is signaled. AMD has broken a resistance level in the short term and given a positive signal for the short-term trading range. AMD has broken up through resistance at 84. This predicts a further rise. In case of negative reactions, there will now be support at 84. AMD is overall assessed as technically positive for the medium long term.
AMD -> It Is Over For Bears!Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD stocks currently looks extremely bullish in my opinion.
We just broke above a key down-trendline, we also created and already confirmed a weekly double bottom and the next resistance area at the $105 area is quite far away so from a weekly perspective I just do expect more continuation towards the upside.
On the daily timeframe you can also see that with today's candle we are breaking above a previous daily resistance area, so I am now just waiting for the retest and some bullish confirmation and then also the daily timeframe looks ready for the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
SOXL to Big Lows 15 Min CandlesThere is a chance that SOXL might end up filling the gap January 23.
We are currently at the end of the Elliot wave theory so if that proves to be true we should continue to see a very steep decline.
With various reports coming out the only thing I think that would keep it up is good economic reports.
I think you will see SOXL come down to roughly $12.90 where it will test support at around $13.
AMD to again find support at previous resistance?Advanced Micro Devices - 30d expiry - We look to Buy at 79.11 (stop at 74.48)
Daily signals are mildly bullish.
Previous resistance at 79.00 now becomes support.
50 4 hour EMA is at 77.80.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
This is currently an actively traded stock.
Our profit targets will be 90.31 and 92.31
Resistance: 86.00 / 88.94 / 91.50
Support: 82.00 / 79.00 / 76.50
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AMD, 10d+/64.72%rising cycle 10d+ more than 10 days.
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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.
AMD Targeting $95.00Advanced Micro Devices (AMD) are trading within a Channel Up pattern since the October 13 Low and is about to form a 1D Golden Cross. The 0.5 Fibonacci retracement level is exactly on the 1W MA100 (red trend-line) and we set a medium-term term target on it at $95.00. We expect every closing above each Fibonacci to target the next above it. The 1D RSI is on Higher Lows and at the moment it is exactly on the trend-line.
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AMD -> Preparing The Rally?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe AMD stock is currently retesting the neckline of the very obvious weekly double bottom as predicted in my last video analysis which is linked below.
Since we are now retesting previous weekly resistance which is now turned support and we are also having a bullish ema crossover, I do expect at least a short term rally towards the upside from here.
On the daily timeframe, market structure is still overall bearish so I am now just waiting for a deeper retest of the zone and some bullish confirmation before AMD stock will then start the next pump towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Intel Corporation - Buy the Raid, Ride the WaveSemiconductors were supposed to be the "21st century oil," but they aren't. Whoever believed that was really not rational. Because oil is for heating stuff, making plastic, and fueling vehicles, while computers are just computers are just computers are just computers.
Intel has not been bullish, only trading within a $6 range since October. A lot of other tech/Nasdaq stuff has been a lot more interesting to trade, but I personally like these companies that are in the low double digits and usually don't do insane things in one day, because the premium and spread for the options market is usually much more sane, and risk management is really the most important thing.
Plus, once these kinds of equities go, they tend to surprise well and are a lot better than gambling on if you can catch the latest 10% day on Tesla (you won't. Mastodon's socialists told you ELON MUSK BAD).
Anyways, I am expecting that markets at large will bear trap in and around the beginning of February and FOMC. The next FOMC is 6 weeks away in the third week of March, which gives a lot of time to head fake and take traders in the direction they like seeing the least right now (up).
Thus, based on Intel's price action post-earnings after missing EPS estimates by 50% and yet only dumping $1.50, that the market makers' intention is to gun the October low.
I believe you can buy $23.50-$25 in anticipation of a marketwide pump that will ultimately prove to be an exit pump designed to unload bags, fill banks' "big short" strategy, and totally destroy the existing short sellers in the market, heading into roughly May and July of this year.
Intel's long term price action is prime for this, as we have a large volume gap spanning 7 years in the $42 to $37 range, most evident on the monthly.
You may not see another run below the $24.87 low, since it was taken months ago.
But since Intel has yet to bounce, but has also proven to not actually be very bearish, a raid below the lows seems more likely than not.
The problem from a risk perspective is that a raid may not really be a raid. Intel can just be on its way to $0, but at the same time, the company really is the biggest processor manufacture for all the computers normal people use, and is "only" market capped at present at $116 billion.
Rival Taiwan Semiconductor TSM has a similar breadth pattern, but never took a previous low, and has bounced vigorously into a volume gap of its own from 2021.
Right now, the world is not okay. The pandemic situation in China with Wuhan Pneumonia is countless times more dire than mainstream media and social media are leading you to believe. It's really serious, as many individuals, corporations, and governments are tightly wed to China.
But unfortunately, many of those weddings weren't with "China" but the heinous and unforgivable "Chinese Communist Party."
The situation in this world can change overnight and all long trades have significant risk of total liquidation, no matter the appearance.
Make sure you take good care of yourselves and your families. Remember, money is a thing that you can't take with you.
AMD Potential for Bullish Continuation | 27th February 2023Looking at the H4 chart, my overall bias for AMD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy entry at 77.08, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 60.06, where the previous swing low is.
Take profit will be at 104.56, where the previous swing high is.
It's worth noting that there is an intermediate resistance at 94.29, where the 78.6% Fibonacci line is. Price might struggle to break through this area.
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AMD Potential for Bullish Continuation | 22nd February 2023Looking at the H4 chart, my overall bias for AMD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy entry at 77.26, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 60.06, where the previous swing low is.
Take profit will be at 104.56, where the previous swing high 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.
AMD, weeklyLast week, the semiconductor space flourished. AMD rose 14%, surpassing Nvidia's gains. With a painful 2022 behind them, AMD stocks are rebounding on signs that the Federal Reserve will ease its rate hikes and inflation numbers will give the company a boost later this year.
With the much-awaited and cheaper AMD AM5 motherboard about to hit the shelves, sales are expected to rise. No cost-cutting announcements targeting the 15,000+ AMD workforce—yet.
So AMD looks like it could maintain the bullish trend in 2023 if sales rise, at least, for a while.
AMD -> Patience And Then BoomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, AMD stock is looking extremely bullish. We just had a bullish ema crossover, a double bottom and also a trendline breakout, everything indicating that we will actually see the continuation towards the upside.
I am now just waiting for a retest of the neckline of the double bottom, before I do expect the next push higher.
On the daily timeframe, same scenario, just waiting for a retest of the previous resistance which is now turned support and then the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: