$AMD Key Levels, Analysis, & Targets $AMD Key Levels, Analysis, & Targets
So for this swing I’m looking at 102.30 for entry
But I’m also thinking that target 2 could hit so as soon as target 1 fills I’m setting a buy order at target 2.
In either case I’m looking for a 30% swing.
So if target 1 fills, set your sell order 30% higher (133.38)
If it sells off and target 2 fills set your sell order for 30% above your average…
Same for target 3…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
AMD
AMD - Fakeout
Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right.
first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame I didn't foresee it...or saw it but didn't digest it.
A lot of commentary was made on twitter how this was going beyond 130, I made no such claim.
Levels below are clear, if it can hold 101 and base above, longs have control, below, 95 and 84
AMD analysis 01/04/2022Weekly chart Analysis
Potential H&S pattern in the making
Support confluence on 100EMA, Horizontal support zone, Diagonal support line, Ichimoku Cloud supports all lineup well.
The concern I have is a fundamental one, when looking at tech stocks, they may be dropping further if we keep printing higher yields (US10Y & US30Y) (since they are negatively correlated).
Also, the NQ reached 0.618 level ( retracement from the last high )
AMD pullback could offer opportunity.AMD gapped down to start the trading day on Thursday and continued to slide intraday. The stock has now come close to testing the descending trendline, which is currently near the $109 level as support. If AMD bounces up from the trendline, it will further confirm that algorithms have recognized the pattern and a larger move to the upside could come. Traders and investors who are looking to enter into a position can watch for AMD to wick up from the trendline on Thursday and form a bullish hammer candlestick, which could indicate higher prices will come on Friday.
If the stock closes the trading day near its low-of-day, it will print a bearish kicker candlestick pattern, which could indicate lower prices are on the horizon. Traders can then watch for AMD to test the descending trendline again on Friday and form a doji candlestick above the level, which could indicate higher prices will come on Monday.
If AMD falls through the descending trendline, the break of the pattern will be negated and traders who are in a position could place their stop at the level.
There is a gap above on AMD’s chart between $116.31 and $118.59. Gaps on charts fill about 90% of the time, which makes it likely AMD will rise up to fill the empty trading range in the future.
AMD has resistance above at $112.61 and $118.13 and support below at $106.99 and the psychologically important $100 level.
Bullish traders can watch for a stock to break up from the descending trendline and, if the break happens on high volume, can indicate the downtrend is over and a rally may be on the horizon. It's possible the stock may fall down to back-test the descending trendline as support before heading higher again.
For bearish traders “the trend is your friend” (until it’s not) and a touch and rejection of the descending trendline can offer a good short entry. A bearish trader would stop out of this type of trade if the stock broke above the trendline.
AMD: Buy Zone is 112-115AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level. However, after AMD reaches that level, it should go to about 140, then back down to today's levels, so there will be plenty of opportunity to add to your position over the coming 2 weeks or so. Ultimately, I believe this stock will reach $300+ by the end of the year, and it is my top chart for 2021.