On the H1 chart the trend started on Aug. 21 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 134.58 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
The Advanced Micro Devices (AMD) is on the 2nd straight weekly bounce following the August 05 bottom. This is so far the strongest 2-week bullish reversal since November 06 2023, which was the previous bottom/ Higher Low on the 2-year Support Zone. It is no coincidence that this rebound took place just before hitting the 1W MA100 (green trend-line). So far we...
The Advanced Micro Devices (AMD) have most likely bottomed on this week's 1W candle as after breaking last week below the 1W MA50 (blue trend-line), their earnings report last night came out better than expected and the opening is expected considerably higher. Technically, the stock has almost touched the bottom (Higher Lows trend-line) of the 2-year Channel Up...
Last time we looked at the Advanced Micro Devices (AMD), we made a short-term call (June 20, see chart below) at the bottom of the Bull Flag, with the price responding flawlessly, and is currently on its way for a Higher High on our $190.0 Target: Before that, it was on May 15 (see chart below) where we called for a buy exactly at the bottom of the cyclical...
On March 13 (see chart below) we issued a major sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up: Our projection was materialized as the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held, formed the...
Back on March 13 (see chart below) we gave a bold (for the majority of the market) sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up: Our signal was delivered and the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the...
Advanced Micro Devices (AMD) has hit the top of the Fibonacci Channel Up last week and immediately got rejected, closing the 1W candle almost flat. This is a significant 1 week turnaround, which may evolve into a bearish reversal as the 1W RSI gave the strongest sell signal possible. That is reversing on the 82.50 (overbought) level, which since the 2009 bottom...
NASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting. I believe semiconductor chip stocks have been...
Advanced Micro Devices (AMD) has been rising non-stop before February, and gave our last solid buy on our December 12 2023 analysis (see chart below): Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it...
Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below): This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High...
Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below): We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new...
Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below): The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the...
Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics. Last...
AMD supported by the high point in late March of this year! This chart shows the weekly candle chart of AMD's company stocks from May 2021 to the present. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the recent high point of AMD company's stock has been suppressed by the 1.000 position of the top...
Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at...
Advanced Micro Devices (AMD) are trading within a Channel Up pattern since the October 13 Low and is about to form a 1D Golden Cross. The 0.5 Fibonacci retracement level is exactly on the 1W MA100 (red trend-line) and we set a medium-term term target on it at $95.00. We expect every closing above each Fibonacci to target the next above it. The 1D RSI is on Higher...
Advanced Micro Devices (AMD) has been practically consolidating since the October 13 Low. As the long-term trend has been bearish within a Channel Down pattern since the November 30 2021 Market High, the current consolidation following the rebound on the (dashed) Lower Low (diverging) trend-line can be seen as an Accumulation Phase preparing for the next bullish...