#AMD More Entry Targetslast wave was having a higher momentum there for another downtrend is expected see highlighted in orange range showing entry range
keep in mind Targets are speculations the Sure thing is there is more downtrend on the short term
BE CAREFUL!! MANAGE YOUR OWN RISKS!!
DO YOUR OWN DD!! THIS IS NOT A FININCIAL ADVICE
AMD
AMD: Time to go longAMD underwent the C-Wave drop that we warned about in our update a few days ago. C-Waves are generally the fastest moving and harshest waves, so it is no surprise that AMD fell about 15% in just 2 days. The speed and depth of the move even exceeded our expectation. In fact, this move was so steep that it difficult to come up with a clear 5 wave pattern down. It may still just be 3 down so far.
My base case is this: AMD has bottomed and will now begin its W-3
My bear case is this: AMD has 1 more low to make, which will likely fill the gap at the 105 level
Either way my upside targets remain the same: 160 In 60 days, and 200 in 120 days
AMD key time. Shares are falling in what traders call a descending channel after seeing a strong bullish run higher. The stock now looks to be in a period of consolidation as it trades within the channel. A break above resistance or support may hint that a further move in the same direction as the break may be coming.
The stock is trading above the 50-day moving average but below the 200-day moving average, indicating the stock should be consolidating. The 50-day moving average may hold as an area of support while the 200-day moving average may act as an area of resistance.
The Relative Strength Index has fallen slightly in the past few days and now sits at 42. This shows that the stock is seeing more sellers than buyers now after it fell below the middle line. If the RSI continues to dip, the stock may continue to sell and dip lower.
The stock is trading in a period of consolidation and could be due for a strong move if it is able to cross above the resistance level or falls below support. Bullish traders are looking to see the stock begin to form higher lows and break above the resistance level. Bulls then want to see the stock cross above the 200-day moving average and see the RSI cross above the middle line. Bearish traders are looking to see the stock continue to hold below the resistance and then go on to fall below the support. This could cause a further bearish move in the future.
Bump and Run Reversal Pattern!This is my observation compared to the School chart article:
As the name implies, the Bump and Run Reversal (BARR) is a reversal pattern that forms after excessive speculation drives prices up too far, too fast. Developed by Thomas Bulkowski.
Bulkowski identified three main phases to the pattern: lead-in, bump and run.
Lead-in Phase: The first part of the pattern is a lead-in phase that can last 1 month or longer and forms the basis from which to draw the trend line. During this phase, prices advance in an orderly manner and there is no excess speculation. The trend line should be moderately steep. If it is too steep, then the ensuing bump is unlikely to be significant enough. If the trend line is not steep enough, then the subsequent trend line break will occur too late. Bulkowski advises that an angle of 30 to 45 degrees is preferable. The size of the angle will depend on the scaling (semi-log or arithmetic) and the size of the chart. It is probably easier to judge the soundness of the trend line with a visual assessment.
Bump Phase: The bump forms with a sharp advance and prices move further away from the lead-in trend line. Ideally, the angle of the trend line from the bump's advance should be about 50% greater than the angle of the trend line extending up from the lead-in phase. Roughly speaking, this would call for an angle between 45 and 60 degrees. If it is not possible to measure the angles, then a visual assessment will suffice.
Bump Validity: It is important that the bump represent a speculative advance that cannot be sustained for a long time. Bulkowski developed what he calls an “arbitrary” measuring technique to validate the level of speculation in the bump. The distance from the highest high of the bump to the lead-in trend line should be at least twice the distance from the highest high in the lead-in phase to the lead-in trend line. These distances can be measured by drawing a vertical line from the highest highs to the lead-in trend line. An example is provided in the chart below.
Bump Rollover: After speculation dies down, prices begin to peak, and a top forms. Sometimes, a small double top or a series of descending peaks forms instead. Prices begin to decline towards the lead-in trend line and the right side of the bump forms.
Volume: As the stock advances during the lead-in phase, volume is usually average and sometimes low. When the speculative advance begins to form the left side of the bump, the volume expands as the advance accelerates.
Run Phase: The run phase begins when the pattern breaks support from the lead-in trend line. Prices will sometimes hesitate or bounce off the trend line before breaking through. Once the break occurs, the run phase takes over, and the decline continues.
Support Turns Resistance: After the trend line is broken, there is sometimes a retracement that tests the newfound resistance level. Potential support-turned-resistance levels can also be identified from the reaction lows within the bump.
As you can see all the criteria are present!
You can also find the same pattern in AMD:
Reference Article:
school.stockcharts.com
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
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AMD: Go long at 117AMD gave us a clear 5-wave impulsive move off the lows, what happens next is very important. This could be an A-B-C with a final low yet to be struck, but the probability of that has decreased dramatically in my opinion. Right now we are topping in the B-wave. Expect the C-Wave to bring us to the 117-110 level. I will be initiating a long position at 117. Price target for this swing trade is 200+. Nice R/R setup.
AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class.
To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign.
Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues:
In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100).
Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart:
In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name.
The volume was great, probably among the top 10 highest volumes in the history of AMD.
It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141.
If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through.
I still hold strong to a bear market based on countless economic issues from:
Inflation
Poor Retail
Pending Home Sales Decline
Tapering Ending in Feb
Balance Sheet Reduction
Raising Rates
0.1% Q1 GDP estimate by Atl Fed.
When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!
Advanced Micro Devices Analysis 06.02.2022Hello Traders,
welcome to this free and educational analysis.
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GBPUSD LONG IDEA next week and long termAnalysis for day and swing trading.
GBPUSD is showing strength against the dollar on a daily perspective diverging from EU(correlated pair)
Then we take apart current supply and demand and based on monday price action will get in to an amazing long snipe.
LFG....
What indicators say about AMDNASDAQ:AMD
After a major low was revealed in RSI indicator at the 27th of january. we can say that this seems to be a point of reversal. but the option is below it's 50 ma and is still somewhat in bear hands until the trend is established.
This RSI pattern is seen all over this stock history.
This is not an investment advice of any form.
What indicators say about AMDNASDAQ:AMD
After major low was revealed in RSI 14 indicator at the 27th of january. we can say that this seems to have been a major low and the point of reversal. but the option is still below it's 50 ma and will show the bearish fluctuations until the trend is established.
AMD chart UPDATE Here's my current chart for AMD.
I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom??
I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime.
My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride!
**Note, I have not looked at any fundamentals yet.
GBPAUDClassic AMD Trade / Asian - London - NY
Old High Taken (Last Years High)
We Have A ACCUMULATION (A) BOX, Which Is Also Our Asian Boc
We Had Price Selling A Bit Forming Our MANIPULATION (M) / London Open Rally
Whilst Forming A MANIPULATION, It Filled The Liquidity Void
Filled In The Bearish Order Block
Formed HTF Divergence
PD Arrays Checklist
Old High Taken ✔️
Imbalance ✔️
Bearish Orderblock ✔️
Breaker Block (In Progress
Mitigation Block (In Progress)
Type Of Trade
Reversal AMD Trade
Discount PD Arrays Active
Divergence Reversal
ID50 London
Turtle Soup Short (TSS)
My Expectation
Price To Start The Distribute Downwards(NYO/ NFP)
Price To Mitigate On The Order Block
Price To Fill The Liquidity Void Below
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AMD: Still looking for a bottomAMD had a strong 4th wave bounce after it's stellar earnings report. However, the stock turned downwards at a key resistance level. It appears that AMD is forming an expanding diagonal as the C-Wave of this A-B-C pullback. My ideal target is the 2.0 extension, which is $90, before we resume the broader uptrend.
How I Analyze the Market in 20 minutes.Because every time someone asks me what I think a coin will do requires more than a simple answer to properly explain my idea and my thinking.
This video took 20 minutes and I think I spoke quite fast to get enough information in here. My streams can be seen to get a better understanding.
I try to stream every weekday morning at 9:30 and every 1:30 (4HR change on stock market)
Check the related ideas below for "The right Schiff Pitchfork" if you want to take the Schiff pitchfork I use. It is a short 3 minute video where I set it up and shows the places, values and all that.
The S Pitchfork one from last year has the values that I used for this year.
CADCHFClassic AMD Trade With Multi-Confluence
We Have A ACCUMULATION ( A) BOX
We Had Price Selling A Bit Forming Our MANIPULATION ( M)
Whilst Forming A MANIPULATION, It Filled The Small Liquidity Void
Filled In The Bullish Order Block
Formed Divergence
PD Arrays Checklist
Old Low ✔️
Imbalance ✔️
Bullish Orderblock ✔️
Breaker Block ✔️
Mitigation Block (In Progress)
Type Of Trade
Reversal AMD Trade
Discount PD Arrays Active
Divergence Reversal
Fake H&S Pattern
Trendline Phantom
My Expectation
Price To Start The Distribute Upwards
Price To Mitigate On The Order Block
Price To Fill The Small Liquidity Void And Retrace Downwards
Price To Take Out Lows And See Bearish PD Arrays Active
AMDLooks like an opportune time to sell AMD puts 100 area as it is near its lows, as it seems relatively unlikely to lose the psychologically significant 100 level on a technical basis. Worst case scenario to downside is 105 gap fill whereas upside has gaps at 118, 144, and untested 145 yearly open liquidity. Liking the risk/reward..