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 :)
Amdprediction
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.
Advanced Micro Devices Analysis 06.02.2022Hello Traders,
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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.
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 $118
Looking forward to read your opinion about it!
AMD Daily TimeframeSNIPER STRATEGY
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$AMD looking good into earningsSo this is a big earnings week fellow traders and padawans. AMD is reporting on Tuesday after market close with an expected $0.41 per share. Last years' report for the same quarter was $0.27. According to an Investopedia article , "Analysts estimate that AMD's quarterly gross margin will be the second-highest in nearly four years, though it will show only a small improvement from the same quarter a year ago". If the estimate consensus materializes I believe it could catalyze the price above ATH of $99.23 last December.
WHY AMD LOOKS GOOD HERE?
In addition to the earnings being expected to be around 50% higher than last year, there are several indicators that corroborate a bullish scenario:
1. After falling about 13% from ATH, the price reversed on a doji candlestick which can be seen as an exhaustion of sell position and increase in buying positions
2. The price traveled all the way from below the 50ema to above the 14/21 emas, both of which it already retested and held above on Friday
3. The 14ema is about to cross above the 21ema
4. MACD is curling up from below the 0 level (the MA is)
5. RSI crossed the 50 level to the upside
6. ADX is moving up from below the 20 level
7. +DI touched -DI and reversed back to the upside--in my experience this is one of the strong signals that a bullish trend is starting/resuming, specially if combined with ADX moving up from below 20
8. The Stochastic oscillator--which has been tracking very well the moves of this stock--crossed bullish from oversold level
Phew, that was quite a lot of bullish signals so I am probably going to play the earnings by starting a medium sized position tomorrow (depending on where it opens). If I enter, my stop loss will be right below the 14/21 emas (below the .236 fib level). Very minimal risk. I am also not holding this for too long. This would be a quick swing trade for me.
If this trade pans out I am looking into riding it up to ATH and reassess my position depending on what happens there.
As I always say, none of this needs to happen but the chart has too many indicators that a bullish move will happen.
Safe trades!
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Setup for this weekAMD has broken down back into the broader range and is showing relative weakness. If we can get above Fridays close we could see a move back toward the high end of the range and a breakout but if the near term resistance holds we will see a move down. Earnings will definitely be a factor but are still a couple of weeks out.
🚨🚨🚨 This One Is a MUST LOOK NOW!!! (AMD)💰 LET'S GET INTO SOME ADVANCED MICRO DEVICES ANALYSIS!💰
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(Overall Market Sentiment) 🐻 Bearish
AMD looks to be a massive rising wedge from back in 2015 lows. Notice how every major structural support and resistance now now funneled into this tight range at the very top of price consolidation. It even seems to represent 5 major waves of structure which could validate an Elliott wave pattern. I'm not the biggest fan of Elliott wave theory as I think it can be misleading, but this is a good representation of wave structure that made the pattern overall. This looks insane! I would not be surprised if once broke down it collapses. Based off o just the S&R and structure I see a major play coming. Be ready for this one! If I'm wrong I will be in shock lol.
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ADVANCED MICRO DEVICES INC (AMD) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
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