AMD earnings beat | Strong Buy Rating AMD entered the Buy area on oversold level predicted here:
AMD Q1 2022 Earnings:
EPS $1.13 vs $0.91 expected
Revenue $5.9B vs $5.2B expected
On 4/25/2022 Raymond James Upgraded AMD from Outperform to Strong-Buy setting a price target of $160.00
I think a reversal to $102 is most likely.
Looking forward to read your opinion about it.
Amdbuy
AMD-BUY strategyThe market feels over-extended, and we have stochastic (negative) but very low levels.
The RSI is oversold, but not extreme for both daily- and weekly chart,
I feel the strategy to be a buy but with a stop-loss @ 73.00 below. The buy level should be somewhere @ 83-85. The profit order to be placed @ 102.00 for now.
AMD Aimed Higher? Advanced Micro Devices
Short Term - We look to Buy at 101.31 (stop at 96.59)
We look to buy dips. 100.00 continues to hold back the bears. Trading close to the psychological 100.00 level. We expect a move higher in a corrective sequence, targeting Fibonacci retracement levels.
Our profit targets will be 114.62 and 123.06
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 84.00 / 72.00
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AMD: It is a wonderful time to buyHello traders, it looks like AMD is finishing up its W-2 within a larger degree W-3. We see that price is approaching the .786 fibonacci retracement, and we have a positive MACD divergence. This is a great opportunity too add to your long positions. Soon we will be in W-3 of W-3, so that will be a very powerful move to the upside. Good luck traders :)
AMD: Big Picture Looks GoodHey friends, here is my longterm view of the AMD chart. On the smaller scale, I think it should bottom in the $80-$90 region and then begin the next leg up to $300+. I would be selling at 300 with the hope of purchasing back at the 150 level for the final leg up to 500+ before AMD enters a prolonged bear market where price can reach the same level it is today.
AMD: Now is NOT the time to buyHello Friends, here is a fresh AMD update. Unfortunately, the outlook is not good right now. For me, I am expecting a final move down to the $86-$92 region before we resume the uptrend. I think the sweet spot will be $88, because this will be the .236 retracement. AMD is very volatile, so large swings like this should not be surprise. For now, I will wait for my price target :)
AMD: Time to fill the Gap at 106Hey all, I wanted to give a quick AMD update this morning. After today's price action, the structure of AMD's decline has become more clear. I believe we have 1 leg down to go which should bring us to the 106 region and fill the gap that was left behind. This will be good for AMD longterm, as it is not a a good thing to leave open gaps behind in the chart. I will be adding heavily in the 106 region if we get there. Upside targets are still in tact. Good luck traders.
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: 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: 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.
AMD oversold at January 2021 level | Buy areaAMD recently touched the January 2021 high and it`s oversold while the earning are growing.
This dip looks like a great buy opportunity in my opinion.
The buy area is between $95 to $105
The short term upside is $118
Looking forward to read your opinion about it!
$AMD Simple Trend Analysis $AMD Stock review for the upcoming week
NOTES:
-Currently trading at $138/s
-It is testing line B
-IF AMD moves up and breaks the like B it will continue to $144/s LINE A easily
-IF AMD breaks LINE A in uptrend, it will test the resistance line as well
-Currently no RSI Divergence at 1H mark to notice
$AMD Technical Analysis $AMD Technical and notes
NOTES:
- The stock has had tremendous uptrend in past year.
- We are seeing record high numbers.
- Earnings are strong for the company.
TAKEAWAY:
- As charted, the uptrend is continuing but there seems to be a squeeze as it reaches the Resistance line.
- WATCH the resistance line price.
- Stock should continue to Resistance line and that is where we see what happens.
-- IF stock does NOT break resistance line, it will come down to $144 levels
-- IF stock DOES break the resistance line, it will become new support and we will see more uptrend.
If you want to see a TA let me know which stock you want to look at.