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.
Amdbuy
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.
AMD is looking beautifulAMD has bounced up from support @ 136 using Aspen Trading Support & Resistance Levels.
It has moved closer to the resistance level of 152.25 and a move above this level can lead to further upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
AMD Long on break of $88.50AMD Play:
* Enter on expanding volume on a break of $88.50
* Exit at $99.50, look for pullback for re-entry
* Full pattern price target: $106.81
* Stop loss 2 ATR at entry, around $84.50
* PnL Ratio: ~2.00
Rational:
* Trading within a rectangle pattern for the past 199D 5H
* AMD trades with SPY 51% of time, we can see a recent large rectangle break on SPY, and SPY is close to breaking out of its own continuation rectangle pattern.
* Last rectangle we saw on AMD was for 104D, ended up far surpassing the 20% price target (+47%).
* Black Friday / Cyber Monday may lead to increased profits for AMD, investors may anticipate this and increase interest in AMD
* 50D MA has caught up to AMD, allowing it to "catch" AMD if it ends up falling slightly
* AMD still trading above 50D MA.
AMD - buy support zones analysisHello traders,
Description of the analysis:
Advanced Micro Devices Inc. ( AMD ) support zones ideal for timing long positions (gray). The thickness of the support zone reflects the importance of this zone. AMD is celebrating great success with the new generation of Ryzen chips and is at a height in the competition with INTEL. In recent days, there has been talk of an acquisition with the chip giant XILINX, I don't know if that will be true. The technical analysis reflects interesting buying zones in history based on volume profiles. Be aware of possible increased volatility in the coming period due to pre-election campaigns in the US and elections. Of course, the COVID-19 autumn season may also have an impact due to government action.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob