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AMD

AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below; • Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario; • In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term; • Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom; • In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
2
Why is AMD stock starting to look like a chip bargain?/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices, as the chipmaker's products are still cutting edge and indispensable. The modern world cannot exist without microprocessors. They control our cars, computers, and phones. There would be no Internet of Things without semiconductors. And Advanced Micro Devices makes some of the most powerful chips on the market, InvestorPlace writes. So contrarian investors can lean into the volatility and grab Advanced Micro Devices stock before it gets expensive again. Chip market opportunities like this are rare and can be quite lucrative for daring traders. //Positive catalysts are not included in AMD stock It's amazing how quickly investors can forget about positive news. As soon as an obvious disaster happens (like the Sino-US tech war), it grabs people's attention and sometimes they panic and sell perfectly good stocks. ///What can you do now? To a large extent, the tension between the US and China has already affected AMD shares. Surprisingly, the stock has lost half its value this year. In addition, Advanced Micro Devices continues to threaten its competitors with premium products. Therefore, AMD investors should stay in the trade and consider adding to their positions while the stock is still cheap.
NASDAQ:AMDLong
by Elite_Forex
AMD Buying a break of $69.Advanced Micro Devices - Intraday - We look to Buy a break of 69.21 (stop at 65.39) Trading within a Corrective Channel formation. The trend of lower highs is located at 84.00. A move through bespoke resistance at 69.00 and we look for extended gains. Selling was posted yesterday but levels close to bespoke support of 63.00 have found buyers. The trend of lower lows is located at 63.00. Bullish divergence is expected to support prices. Our profit targets will be 78.78 and 81.78 Resistance: 66.00 / 69.00 / 75.00 Support: 63.00 / 60.00 / 57.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMDLong
by Saxo
AMD: What it takes to reverse?• AMD is clearly bearish, doing lower highs/lows, and there’s no technical evidence it’ll recover or reverse; • Since it lost the support at $73 (black line), it is heading to the $59 (red line), which is the next support level/target; • If AMD reacts and performs a positive candlestick in the weekly chart, it might bounce back up to the $73 area, or even to the 21 ema, if the rally is strong enough, however, without bullish reversal structure, we can’t say AMD will reverse any time soon; • For AMD reverse this bear trend, we must see two things: 1) A bullish pivot point in the daily chart, aka higher high/low (check the daily chart below for more info), and 2) AMD must break the 21 ema in the daily chart as well; • Either way, at $59 it might get interesting again. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD H2: 35% CORRECTION PT BEARS 60 USD SHORT IT(SL/TP)(STOCKS)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AMD H2: 35% CORRECTION PT BEARS 60 USD SHORT IT(SL/TP)(STOCKS) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AMD H2 chart review and outlook ::: maxed out already ::: Currently DISTRIBUTION almost completed ::: we broke down on heavy volume ::: this is NASTY looking chart ::: BAD for the BULLS / stay out ::: FED rate hikes incoming / FED PUT is GONE ::: short sell rips/rallies in the throwback move ::: expecting backtest of the recent Distribution Range ::: recommended strategy: SHORT IT / STAY OUT ::: up to 35% correction still possible from here ::: fair value for Amd is 55/60 USD ::: DO NOT BUY/HOLD here this is NOT A DIP ::: This is stock market meltdown in progress ::: be careful / don't get ran over by the FED 🔸 Supply/Demand Zones . N/A RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDShort
by ProjectSyndicate
43
Elliott Wave View: Advanced Micro Devices (AMD) Looking to ExtenShort term Elliott Wave view on Advanced Micro Devices (ticker: AMD) shows a bearish sequence from 8.5.2022 high calling for further downside. Decline from 8.5.2022 high is unfolding as a 5 waves impulse. Down from 8.5.2022 high, wave (1) ended at 78.52 and rally in wave (2) ended at 86.05. Wave (3) lower is in progress with internal subdivision as another 5 waves in lesser degree. The 30 minutes chart below shows the internal subdivision of wave (3). Down from wave (2), wave 1 ended at 74.63 and rally in wave 2 ended at 78.41. Down from wave 2, wave ((i)) ended at 73.60 and wave ((ii)) ended at 75.18. Wave ((iii)) decline ended at 67.50 and wave ((iv)) ended at 69.08. Final leg lower wave ((v)) ended at 66.82 which completed wave 3. Corrective rally in wave 4 ended at 68.74 with internal subdivision as a zigzag. Up from wave 3, wave ((a)) ended at 68.50, wave ((b)) ended at 67.30, and wave ((c)) ended at 68.74. The stock has resumed lower in wave 5 and should see a bit more downside before ending wave 5 of (3). As far as pivot at 78.36 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NASDAQ:AMD
by Elliottwave-Forecast
3
SOXX 2D: WHERE ARE SEMI'S HEADED?SOXX, 2D: Taking a look at the SOXX 2D chart I have drawn out a linear regression channel beginning on November 12, 2021 which was about 7 weeks prior to the ATH print at 557.12 on January 3, 2022. The SOXX proceeded to decline approximately 41% from ATH (557.10) down to its recent low at 326.70 on July 1st, 2022 before rallying almost 30% off the floor to 424.78. So, where are we now, and where are we going next? Linear Regression: The linear regression channel in the chart is divided up by color and is illustrative of 6 standard deviations of potential price action expressing a 6 sigma potential linear range of 435.18 – 279.37 with the high confidence interval range (+-2SD) from 408.93 to 305.61. Our linear mean is currently sitting at 356.78 with a Pearson’s R^2 indicating a high central tendency at 0.894. the linear mean and is currently expressing a potential linear range of 435.51 (+3SD, red) to 308.20 (-2SD, blue). As we can see the recent rally is filling out the upper end of the linear range, clearly pushing deeply into the upper 3rd standard deviation range off the linear mean. Using central tendency as an approximation of trend strength there is a high potential for price to mean revert down to the 356.78 price region. Fibonacci Retracements: I have left the Fibonacci Retracements up in the background and have also added white lines to mark the significant levels of 0, 0.5, and 1 retracement respectively. Despite the overextended nature of the recent rally, price failed to breach the 0.5 Retrace at 441.91 which would have gone a long way to indicate a high potential for the lows to be in. It is important to note that if price were to breach the 0.5 retrace to the upside it would reduce the probability for lower lows this year but would not eliminate them entirely. Elliot Wave: It is my position that we are in the 5th wave down from the ATH as illustrated by the yellow EWT count on the chart. Given the somewhat unruly nature of 5th waves and their increased potential for irrational behavior, we will leave some grace with regard to our expected landing zone. It is my prediction that we will bottom out somewhere in the 334-303 range as illustrated in the yellow, square box. This thesis is in confluence with market trends during mid term election years in the month of September, which is that they have a tendency to decline through the month of September and early October before rallying into the late fall/winter after the election. EMA Envelope: Our EMA envelope (top box), is a trend based EMA indicator based on the last 40 days. The envelope turned bearish(red) with a body close below the 387.12 price point and would turn bullish (green) if price were to bounce back up over the 405.83 price point. Signal is currently residing in the neutral zone as indicated by the yellow in the top box. VFI (Volume Flow Index): Our volume flow index is a fixed range cumulative indicator based on the last 130 periods, which on a 2day time frame spans the last 260 days. As we can see the green line representing the volume flow is crossing over its moving average to the downside. Please also see that our VFI signal also failed to breach the zero and has not risen above the zero line since the late March rally. RSI: Our RSI is sourcing data using a hlcc range configuration to add data point density to the measurement and potentially at the sacrifice of a more discerning measurement that might come from using a close only price range configuration. What we see is our RSI signal currently entering the bearish end of its range (<45). MACD-X: Our MACD indicator is showing our lag differential (12-26) crossing over our 9 period ema to the downside and beginning to print its first few bars of negative trend coming off the recent rally which began at the beginning of July for the SOXX ETF. SUMMARY: We have moving average trends rolling over to neutral from being recently bullish, volume flows that have been trending upward recently but not at levels supportive of 2021 price levels, an RSI that never hit overbought and has since reverted back to its median and a MACD beginning to indicate the potential for a downward trend to emerge. What the above summary of indicators appears to be from my perspective is an upward retracement within a larger downward trend, or what is more commonly known as a “bear market rally”. It is my position that price will decline to its linear mean at 356.78 before making a decision of whether to spill further or consolidate in a range bound, downward trending diagonal. Until fundamental headwinds provide a better catalyst for the technicals to improve going into the late fall/early winter it would not be unreasonable to expect further downside volatility.
NASDAQ:SOXX
by Firewalker_Charts
AMD + The Power Of Confluence - Measured Move & Target LevelsHello Traders, here is my analysis for AMD. - I apologize for the crammed chart, I did the best I could to keep the chart as simple yet detailed as possible. - Onto the analysis... First off, if you're a new trader, this chart is an example of what the planning process for a swing trade could look like. Of course there are many different strategies, but for me this is the process I go through when planning a trade. ***Before I start with the breakdown, I want to point out how amazing TA can be: If you look at the chart, at the ("4)Bounce/Rally Target Level") at $85.50. That target was taken from finding the average % gain of the prior 3 bounces (36.76%) and projected it from $62 (Probable bottom). Whats so amazing is that the $85.50 level is also key resistance and directly at the descending trendline. - This amount of confluence tells me that there is a high probability that this move could play out in a similar fashion. Like many other charts, AMD is overdue for a bounce... The questions that need to be answered are: 1) What level do I think it will bounce from? 2) What is the potential profit target? 3) Where do I enter positions? 1) "Where do I think it will bounce from?" - To answer this, I used technical analysis to come up with the most probable level for a bottom. - $62 is where I believe AMD is most likely to bounce from. *As you can see AMD is oversold, this tells me that the sellers are likely becoming exhausted and will eventually stop selling. *It looks as though AMD may make a measured move (measure the prior high to swing low = 25.63% - Project 25.63% from the swing high at $85.5 = $62) *The measured move to $62 also happens to be a Gap Fill level which adds confluence to this potential target and adds confidence to this level being a bottom. 2) "What is the potential profit target?" - The potential profit target for a bounce is $85.50 (This is from being projected off $62) *I took the averages of the prior three bounces (36.76%) and projected it from the "probable bounce level" 3) "Where do I enter positions?" - First off, you never want to try and time the bottom for one entry. It's rare that anyone consistently can time bottoms. - More often than not you'll miss entries this way. *What you want to do is figure out where you think price will likely bounce from, in this case $62 and enter multiple positions at key support levels on the way down. *As you can see I've labeled Entries 1-3 on the chart. *Enter small positions (start with 1% - 2% of your portfolio) *You never want to be in a position where one trade can wipe you out. *Entering large positions is not trading, it's gambling. You increase the risk to a point where the probabilities are no longer in your favor. *Entering small positions ensures stability and longevity as a trader. That's it, I know it was long but I hope that this was informative. Thanks everyone and best of luck trading!
NASDAQ:AMDLong
by natef1
8
Elliott Wave View: AMD Rally Expected to Fail in 3, 7, 11 SwingShort term Elliott Wave view on AMD suggests the decline from 8.5.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.5.2022 high, wave 1 ended at 90.9 and rally in wave 2 ended at 97.60. The stock resumes lower in wave 3 towards 78.52 and rally in wave 4 ended at 83.80. Stock resumes the final leg lower in wave 5 towards 77.74 which ended wave (A). Wave (B) rally ended at 86.05 with internal subdivision as a zigzag. Up from wave (A), wave A ended at 80.80, wave B ended at 79.24, and wave C ended at 86.06. The stock has turned lower in wave (C) with internal subdivision as a 5 waves impulse. Down from wave (B), wave ((i)) ended at 83.46 and rally in wave ((ii)) ended at 85.45. Stock resumes lower in wave ((iii)) towards 76.80 and wave ((iv)) ended at 77.37. Final leg lower wave ((v)) ended at 75.87 which completed wave 1 of (C). Wave 2 rally is in progress to correct cycle from 9.12.2022 peak towards 78.67 – 80.03 where sellers can appear for 3 waves pullback at least. As far as pivot at 86.06 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NASDAQ:AMD
by Elliottwave-Forecast