AMD: Any chance of reversing? Let's see.Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, we see a strong bear trend, and there’s nothing indicating it’ll reverse. As long as we keep seeing lower highs/lows, we can’t say it is a buy.
However, AMD has a few key points that if broken, it could trigger a reversal. First, we have the 21 ema, working as a resistance for the price. Second, we have the purple trend line, as AMD has been trading below it for nearly a month now. Last, we have the previous resistance at $ 91.35. Only if AMD breaks all these resistances we might say the trend will reverse in the mid-term.
If AMD is about to react, the timing couldn’t be better: We just hit the support from July 2021 today (blue line). We see a bullish candlestick today, which is great, and since we are just at this support, the Risk/Reward ratio favors long trades.
We are far from the 21 ema, and any reaction in the 1h chart could make it retest the ema again. If we see more confirmation signs in the daily chart, we could say AMD will fill the last gaps, and the $ 118.60 would be our target.
The only problem is we have earnings in 6 days. This will increase the volatility, and could help a bullish thesis, sure, but if it backfires, the next support level is at $ 72. For now, I am neutral on AMD, and I see many other stocks that look much more interesting, but if this works out, it could be a great opportunity to trade.
Now is the time to watch it closely. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
AMD
US STOCKS should fall especially tech stocksUs markets
I am a 14-year-old demo trader in England don’t take this as finical advise I am still doing my gcses get a guru or professional to tell you what to.
Market preview
Going into this trading week stocks should continue to fall during this bear market and talks of a recession increase as the possibility of the fed being able to perform a soft landing because of their aggressive strategy to combat inflation. The phrase ‘melt up’ was used by CNN to show that stocks may soar before the inventible crash. This could occur because of investors believe that the strong us economy will prevail causing stocks to soar in price creating FOMO and a trend reversal is occurring. But because of basic market fundamentals such as high inflation a slowing economy and high energy costs caused by the Ukrainian Russian war will continue to fuel this bear market. Another reason why this bear market is here to stay is because of an inverted yield curve which Is where short term debt pays out more than long term suggests a bear market is here to stay even though it is an argued point that an inverted yield curve means a recession it does still resemble tough time for markets. Over the next two years, stocks have a high chance of having a melt-up. But Goldman Sachs still believes there is a 35 % chance of a recession.
Stocks and predictions what I think (DYR)
• NVDA (short)
• TWTR(long)
• AAPL(short)
• AMD(short)
• TSLA(neutral)
Us tech stocks have suffered recently with the Nasdaq dropping 4.19% in the last month with stocks such as NVDA dropping 23.87% in the last month and AAPL dropping 4.95% in the last month suggesting a strong bear market for tech stocks which shows us high growth stocks such as NVDA have been deeply affected because of rising interest rates and investor not willing to risk large amounts during this current market turbulence. Going into this week stocks should continue to drop especially high-growth stocks. The semiconductor producer NVDA will be very interesting to see because it is a high growth stock hitting its all-time highest at 329.85 in November 2021. NVDA gained over 121.1% in 2020 when gaming interest spiked during lockdown which is NVDAs main source of revenue. This tells us that even during bear markets the stock can be resilient so it must bear for another reason that it has lost over 33.85% this YTD. there are many reasons of why the stock could have fallen from monetary policy tightening, the fed aggressive strategy to target inflation, and fears of recession. But I believe it is because of soaring energy prices which I mentioned in my last idea. Energy costs can account for 20% to 30% of semiconductor producer’s energy costs. Energy prices have risen more than 250% since January, according to industry group Oil & Gas UK affecting NVDA’s earnings deeply.
TSLA currently is in a very weird position its earnings where though the roof with a 87% rise in revenues which blew the stock up to around the 1070-1080 levels which was last trader around early April. that shows us that the stock has respected the current bear market decreasing 4.9% YTD but has risen 6.48% in the last 3 months so it is a very volatile stock that will be perfect for traders with larger accounts to trade. But I would never open a short on TSLA always seems too dangerous for me its such a good stock any with Elon Musk being able to control the stock just by making tweet always seems bad to me. TSLA does seem to be in a down trend trading below the 200 MA and 50 MA.
Between a rock and a hard place, Elon Musk is trying to perform an LBO on TWTR as the management crew has deployed a poison pill to try to combat the unwanted takeover it could mean if Elon's takeover is rejected it could lead for him to sell his 9% stake in the company causing the stock price to fall. this uncertainty for TWTR could lead other investors into selling the stock. TWTRs competition with TikTok gaining in popularity and with cheaper ad prices with better exposure could mean less demand for TWTR ads which is their main source of revenue which could affect their earnings which is in 4 days’ time. even though the stock does have strong price momentum the company’s fundamental aspects aren’t as strong as its competitors. TWTR has a bullish chart pattern and other technical aspects which should lead to a increase in price .Even though the stock has had a recent rally it should still respect the current bear market in the longer term. over the next 5 trading days, I believe TWTR will rise but still fluctuate between the 55-45 price range even though fundamental aspects disagree. To conclude twitter is a very uncertain stock it all depends on if Elon’s takeover is successful. Elon himself said he’s “not sure” if the bid will be taken by the board. But he apparently has a plan b. if worst comes to worst and he sells his 9.2% stake in TWTR the stock will crumble. But he does seem passionate about making Twitter a private company.
AAPL should continue to fall as on Wednesday the death cross occurred where the 50-day moving average crosses the 200-day moving average as well as the fears of a recession coming which will cut consumer spending which will cause cuts in AAPLs revenues. Which will dampen AAPLs earnings which is in 4 days which is expected to be worse than last quarter which will cause investors to sell decreasing the share price. Technical aspects are giving strong sell signals. MAs are giving off strong sell signals as well as the MACD giving sell signals
To conclude US stocks will continue to fall as fears of a recession is coming with the fed trying to perform a soft landing that has never been done before. An inverted yield curve and rising interest rates and US ten-year bond yields rising all fuel this current bear market where stocks are suffering. Over the next 5 trading days, stocks will continue to fall with a chance of a rally being possible because of people ‘buying the dip’. This is not financial advice don’t be dumb.
$AMD - Weekly outlook (log scale)Potential long term (2+ year) equity play
AMD looks to be in a cycle wave 4, with wave 3 following the path of the pitchfork perfectly since 2018. It is now approaching the 1-STD from the median line, which coincided with the 78.6% retracement of the previous sub-wave 4 to sub-wave 5.
There could be a good opportunity (25 R:R) to go long in the low 80's with a stop around 72. Potential targets of 140, 220 and eventually 325.
Comprehensive AMD analysis!cenario 1: a bullish trend after a flag pattern, Target range: 152-165
Scenario 2: a cup and handle pattern(not a classic one): target price 145-160
Scenario 3: a bullish regression channel (-3,+3)
Scenario 4: A possible Bull trap (crossing above previous resistance) + Down Volume Phenomenon in the past 8 days!
* Down Volume phenomenon: Price increase + volume decrease!
If you are looking at the past 10 days, you see the buddy of the handles become smaller in comparison to the days between Oct 7-Nov 11.
Conclusion:
I think it is highly probable that AMD could form Top formation between 155-160 price range!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
TSM - 5th leg down, 3 drive pattern SHORT CITYIt is in my humble opinion TSM is looking at a rather large drop looming ahead - symmetrically the pattern meets the harmonic qualifications as well as the elliot wave theory macro wave iterations.
It is possible TSM will make a small shoulder before breaking the $100 price level - should it break this level and close below I believe it will be a swift fall to the $85 level, however if it wasn't "quick" the position I hold does allow for some time.
Trade: 6/17 exp $85 PUTS @ 1.17 on 4/1 - currently trading at 1.62 at time of post
$AMD - Upward trend NOW - Hiekin AshiHi All.
Upward trend is now breaking for the $AMD stock, it is OVERSOLD and a green DOJI appeared.
1. Using the Heikin Ashi candles we can see a green 'doji' appear yesterday, which was then followed by a flat bottom green candle today. THIS INDICATES A BULLISH TREND HAS STARTED.
2. On the RSI, this stock is now OVERSOLD. As shown by the circles, the last time this stock was OVERSOLD it was followed by a BULLISH move.
Buy @ 95.59
Sell @ 112
Stop Loss @ 91.69
Disclaimer
When using the Hiekin Ashi candles to swing trade like I do, hold the stock for 7-14 days or until the bullish green candles stop.
DO NOT LOOK AT THE DAILY PERCENTAGE CHANGES AS THIS WILL DISCOURAGE YOU.
If the Hiekin Ashi chart still shows green candles for your move, hold onto the stock.
AMD: Is it the time to BUY the DIP? Let's see...Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, AMD is in a clear bear trend, but there’s hope it could reverse soon. For the first time since it was trading at $ 125, it is actually breaking the 21 ema, and we do have the beginning of a bullish structure.
The black line at $ 98.38 is the most important resistance for us, as if AMD breaks this point, it might trigger a Rounded Bottom chart pattern. By triggering this pattern, the next targets on AMD will be our gaps (yellow squares). The $ 106 seems to be a strong resistance, but the optimal target would be the $ 118 (last gap).
In the daily chart, we see that AMD is trading at support levels, and any reaction here would be amazing, as the Risk/Reward ratio always favors the bulls when we are near support levels.
What’s more, AMD is far from its 21 ema, so it has some upside potential if it reacts. The only thing that could make AMD turn barish again would be if it loses the $ 92 area, so we must keep our eyes open. We have some possible bullish structures that could justify buying the dip, but to me, we must wait for more confirmation.
It is a delicate situation, but if we pay attention to these key points, we’ll be fine. I’ll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses!
Semiconductors PullbackAMD Daily Double Bolligerband Algorithm switching to a Sell-Short as the Semiconductors continue to show weakness over the past couple of weeks. This pull back has broke below a triple bottom. The next gap below is down at $78. I do not believe this will fill unless the S&P 500 futures fills the gap at 4000
Semis and Growth Stocks Leadership Up and Down - Look at AMDFor the past week we’ve been saying how the Semiconductors #SOX and NASDAQ-100 #NDX continued to not only trend in the same direction but their expansion between each other was evident of liquidation pressures continuing. These were even more evident as the 50 day moving average and 200 day moving average became dominant components of resistance. Nothing good comes of a stock when it’s unable to maintain the 50 day moving average!
The good news is the major indexes have not finally contracted into that 14,000 range on the #NDX that we’ve been touting on the Futures Market for about 2 weeks now.
Insert the chart here
It started to look as-if the low from April 12th was going to be a potential area for a leg up; however, it’s appearing a lower low could transform this upcoming week. As for right now, the mentioned recent low is holding the line by pennies. If the area breaks we will need to continue monitoring price action until a lower low is established, defended, and confirmed for the next leg upwards.
When we look at #AMD we can see the chart filled with continuous downward gaps and heading to the Demand Zone between 92-89, as pointed out in other postings and videos.
The Economics Thesis is surrounding the shortages of chips, which are in everything these days, thus a contributing factor into the price action throughout 2022. The stock has fallen about 43.50% (~ $72). As much as the news and “what is happening in this space” drives uncertainty and speculation on what's to come - I’m focused on my areas on the charts and within the technical analysis space. News and headlines (noise) is an ambiguous element into the world of trading and psychology. It turns the processors of emotional thinking, which cause tendencies to overthink and act with impulsive behaviors.
In any sense, there could be a turning point at the levels mentioned above. That is not to say we establish “thee low”, but it could generate some relief in attempts to close some upward gaps towards the recent highs of 125.67.
If all else fails, the next levels to watch are 792.0 and 72-80.
AMD at $100Advanced Micro Devices
Short Term - We look to Sell at 102.78 (stop at 111.05)
Preferred trade is to sell into rallies. Previous support at 100.00 now becomes resistance. 20 1day EMA is at 107.00. Short term oscillators have turned negative. Trading close to the psychological 100.00 level.
Our profit targets will be 74.92 and 69.10
Resistance: 100.00 / 125.00 / 155.00
Support: 80.00 / 73.00 / 60.00
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.
AMD - Long PositionAMD Rallies Support from Reddit Traders
AMD's diehard supporters are sticking with the semiconductor company even as its stock price struggles. Once again the battle lines are being drawn. On one side, we have the traditional Wall Street investment community. On the other, we have the social media crowd who rally around a stock they think is being treated unfairly by old school types.
AMD Tested 38 Year ResistanceSo the question on everyone's mind is, what now? Well, the answer isn't always so simple.
This is a High Time Frame so it takes a long while for things to set into motion. All we can do here is gauge exactly how far this cycle is extended and how far AMD has come.
By any measure from this chart, to say we aren't approaching the end of this cycle would be pretty absurd at this point.
RSI showing Bearish Divergence on HTFs, paired with testing 38-year resistance.
Can it have a bounce and ride another small wave up? Sure, markets can stay irrational. But simply put, it can only run on for so long.
Here is a Lower Time Frame representing the Parabola it has been respecting for almost 4 years now. This breakdown clearly shows weakness as we are heading into the later stage of this cycle. A break of roughly 4-year market structure shouldn't be understated.
A different perspective measuring each wave up and down since 1975. Notice how similar each and every correction is (between 91-96%).
This post is just meant to show some perspective of how far we actually have pumped this cycle; if there was ever any question. Seems like most still are expected huge incredible rallies, and Im not sure to what extent we get that.
For further confirmation, here is my previous post on USOIL/SPX. (Very in-depth and informative analysis)
Hope this helps!