AMD Put Swing Idea 8/22 - jtgladiatorNASDAQ:AMD
AMD has got a couple inside candles on the weekly. With Fridays close in the red we have a 22 Reversal AND looking for a revstrat on the weekly to the downside. Could go green but I like it short.
Call swing idea:
101c > 99.25 - if price reverses here then grab 95p
Put Swing Idea:
94p < 94.59 to swing for 8/26
85p to swing for 9/2 or even 9/16 - buy time. Price can reverse here so grab calls if it does.
MY live Chart -
www.tradingview.com
AMD
$AMD Fib RetracementNeutral analysis of $AMD showing a Fib retracement from its pre-pandemic high of 59 to its all time high of 146. Notice how technically significant the 0.618 and 0.786 retracement levels have proved to be for support and resistance.
$99.45 = .618
$81.78 = .786
This checks out fundamentally as well. $100 and $80 are psychological levels to buy and sell at (0.382 / $125 as well: August 2021). This is why these prices acted as significant levels. As of 8/22/22, it is currently battling between these two levels. Although the retracement is neutral, traders should lean bearish on chips here, as AMD and NVDA are starting to look like massive head and shoulder tops.
AMD 100$ Resistance sent price back to the Buy zone If AMD can hold this level, it could go retest the 100 level. Now at horizontal support and EMA21 level. RSI in Oversold area. ATR is quite large so the R:R is not so good at the moment. Might also retrace to the 50EMA below. If the price hovers around the current area will consider longer term swings off the current prices, although I'll be looking to trade the shorter term if price bounces back more violently.
$AMD 4HR NEUTRAL SETUP!$AMD is forming a neutral triangle! the bias would be bullish but if price breaks the bottom trendline it can start a formation of a Head & Shoulders pattern and head down to complete a meaured move to TP2, wait for confirmation! Also mixed news is starting to come in bt more bullish than bearish!
AMDAMD cam up rather strong, but it is looking more like it is going to roll over here with the rest of the market in the coming days/week. Could be a good short whether it breaks down now or later. Around a 30% drop to lows. Break of the RSI trendline on the daily could be a solid entry down to the lows. MACD almost crossing on the daily, along with price being under VWAP, and the weekly RSI pulling back.
Is AMD due for a correction?NASDAQ:AMD
AMD had a good run into the earnings season however
news is that with the expected or present recession
semiconductors as a subsector will fall a bit heading
into the third quarter.
The chart shows buy order blocks as a support are
far less than sell order blocks.
The MACD , a lagging indicator, shows the K/D
lines crossing over the histogram.
My idea is to take a call option contract for
a strike 5% below the present price.
Setting a stop loss at 10% of the option price
taking profit when the AMD stock approaches
above the closest buy order block at about
$ 98.45.
Do you have call options to suggest?
$AMD big resistance..$AMD needs to break the big resistance of $104 before it continues its rally back to 106+ no major news so far about the company and its products. Semis dipped after a market shifted its focus to energy stocks. i believe the semis and the tech stocks will continue to pull back, expect more pain until J Powell next meeting. For now, you might want to check out retail stocks and travel stocks.
here's my day trade price target for AMD on FRIDAY 08/12/22.
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For calls; buy above $99.39 and sell at 100.47 or above
For puts, buy below 96.62 and sell at 95.13 or below
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EUR/GBP AMD ExampleHello Traders!
Here we can see the classic Bearish A.M.D.
Notice the Asian high is broken first but we do not get a quick run to the Asian Low until after 3am.
3am is normally my cut off time to to indicate to me price has printed the high of the day above the Asian High(Not everyday does it happen like this).
As an Intraday trader you should be focused on capitalizing on this pattern each day.
It does not happen every trading day, so I caution risk management and number of trades.
NVDA Ascending after CHIPS before earningsNASDAQ:NVDA
Fundamentals- CHIPS in effect booms economy for NVDA
as the USA tries to diversify from Taiwan semi-conductor dependence
while China looms large
Technical: Earnings coming ascending trendline with
increasing relative strengh. Sitting on the support of the
POC of the volume profile.
AMD - Ain't Moving Down!Advanced Micro Devices
Short Term
We look to Buy at 94.20 (stop at 87.55)
Broken out of the channel formation to the upside. Reverse trend line support can be seen at 95.00. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. Dip buying offers good risk/reward.
Our profit targets will be 109.19 and 119.18
Resistance: 110.00 / 125.00 / 163.00
Support: 90.00 / 85.00 / 72.00
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AMD uptrend: Change raise up to 40% after earningEnterprise systems’ revenues were up in the mid-teens on a year-over-year basis, owing to the strength in data center and enterprise computing (hypothesis from TXN earning result issued today). Raise high momentum to push AMD earning/ price come back higher and higher
1- From value trading point of view: B2C market: Big guys earning report not really bad. B2B market still have room to growth.
2- From Tech trading point of view: Small trader short sell under trap already. (Just kidding) but from RSI feedback today, I have seen some positive moving as chart mentioned