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AMDCL trade ideas

AMD - Correction of -40% over?NASDAQ:AMD just created a new all time high, however we have to be quite careful now. Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels. Levels to watch: $155, $110 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMDLong
by basictradingtv
11
AMD - Symmetrical triangle on the dailyWith all the AI noise going around and Semiconductor stocks rallying, it would be interested to see what AMD does here from now until the ER which is nearly a month away from today I see a Symmetrical triangle formation on the Daily chart for AMD. On the upside, we have supple zone from 165-171/2 levels where we would see some resistance. On the downside, we have demand zone from 145-150 levels which should act as support. If this support holds and we initiate long, then 139 can be your SL I will not be initiating a trade now unless I see which side we are going to break from the symmetrical triangle and place my bets accordingly.
NASDAQ:AMD
by adkis
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
NASDAQ:AMDLong
by itay1542
1
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA. It's discernible that AMD may have some cyclicality in its price action. For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period. AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade. Aug 16 180C. Invalidation is if we drop below 160.
NASDAQ:AMDLong
by limit_buy_69
$AMD #CupNHandle still has plenty of #MeatOnTheBoneI got greedy today and played some weekly 185C , thankfully not too greedy and took profits after they went 2.54 -> 4.00 = done for day... lol But I think they *MarketMakers , thought it was ... "so nice, they're running it TWICE" 185C 7/12 are highly actionable imo... #Internals has nice #Bullflag look on the hourly... I put the flag pole and what "mathematical" continuation hypothetically could n SHOULD be... 195 EOW 7/12 = Possible 200 touch by End of Month = Probable -Prophecies Save on TradingView with my Referral link; www.tradingview.com
NASDAQ:AMDLong
by Prophecies_R_Us
32
AMD: Daily and Weekly Charts Analysis.The chart for AMD shows several significant technical patterns indicating both potential resistance and support areas that we should closely monitor. On the daily chart, AMD is trading within an ascending channel. This pattern, characterized by higher highs and higher lows, typically signals an overall upward trend. Currently, the price is approaching the upper boundary of this channel, around $187.69, which has acted as resistance in the past. This resistance level is further reinforced by previous price rejections, indicating a strong supply zone around this price point, as evidenced by the red arrows. If AMD manages to break above this resistance convincingly, it could pave the way for further bullish momentum. However, a failure to break above this resistance might lead to a pullback towards the lower boundary of the channel. AMD needs to react above the $174.55 in order to avoid losing momentum. On the weekly chart, AMD shows a clear pivot point around $174.55, aligning with the support level identified on the daily chart. The bullish bias is also reinforced by a long-term ascending trendline, which has been providing support for the price. The weekly chart suggests a strong uptrend as long as the price stays above this trendline. Any pullbacks to this trendline could be seen as buying opportunities, provided the price action shows signs of support. Conversely, a break below this trendline and the $174.55 level could indicate a more bearish outlook, potentially leading to further declines, officially reversing the long-term bull trend. In summary, AMD's chart demonstrates a bullish bias within an ascending channel on the daily chart and a supportive trendline on the weekly chart. Key levels to watch include the resistance around $187.69 and the support around $174.55. A breakout above the resistance could signal further upside potential, while a failure to break above it or a breakdown below the support and trendline could suggest a shift towards a more bearish scenario. For now, we should closely monitor these levels and look for confirmation through price action before making trading decisions. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra