AMDExpecting AMD to fall below $120 price low into FVG AT $113ish. Will be expecting bullish price action to trigger buys.
AMDCL trade ideas
AMD ready for a comeback? AMD's financials this year are exceptional, with revenue up 17.57%, net income soaring 157.86%, and earnings per share rising 31.43%. Despite these strong results, the share price is down 8% from the start of the year, creating an attractive buying opportunity. In August, the price surged from $121 to $161 in just 15 days, reaching the second target in no time. The current entry point is $124.18, with targets of $147 and $161.
Financials Overview (2024):
AMD’s financials this year have been outstanding, with significant growth across key metrics:
Revenue: $6.82 billion (+17.57% YoY)
Operating Expenses: $2.93 billion (+7.14% YoY)
Net Income: $771 million (+157.86% YoY)
Net Profit Margin: 11.31% (+119.19% YoY)
Earnings Per Share (EPS): $0.92 (+31.43% YoY)
Operating Profit: $1.48 billion (+41.36% YoY)
$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results.
What I’m Seeing:
Double Bottom Revisited:
We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced.
Historical Precedent:
The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature.
Volume & Confirmation:
It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold.
Potential Price Target:
A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives.
What to Watch For:
Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal.
Volume Expansion: Higher volume on the breakout adds conviction.
Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected.
AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend.
- PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market.
- Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability.
-AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD.
Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value.
AS OF 12/16/2024
RSI (14) 33.31
52W Low 3.99%
~120% Gain for AMD IncomingI'm thinking AMD is at it's market bottom low after re-tracing for a few months now. I'm thinking AMD makes about a 120% gain from where it's at now. It'll eventually hit a top 126 days from now. Any thoughts on this one?
AMD Short Term FormationsNot a complete setup. AMD in an interesting position to watch for a potential bounce.
$AMD - weekly trendline support hitAMD - Weekly channel support hit last week at $125.50. previous big dip was bought at $122 when stock reversed to $174. $120 needs to hold for a bounce here.
AMD 1 WEEKOk so here i have the weekly chart pulled up and as you can see we have multiple pivots along the lower trendline. im anxiously waiting to see if the "third times the charm" .
$AMD weekly bullish turnaround, buy $AMD and don't stopNASDAQ:AMD weekly bullish trading above trendline, potential seeing $154 before EOY.
AMEX:SPY NASDAQ:QQQ
Not financial advice.
AMDAMD looks beaten up lately for on monthly, I can see if it holds up 110-120 area may see 160 by Q1 2025 and then may retest again current levels then go for 200 or 300
AMD LONGlooking at lots of semi strength with a nice AVGO beat looking for some buyers to come in and pick up AMD. there's a small gap above $135 so I'm going to buy 12/20 $140s trimming most at $137. but I'm also looking at this as a good long term buying opportunity so will grab some shares or $165 calls 2/20
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
AMD - A strong compettitor in the AI&Bluechip business.Hi Investors our next stop is the fantastic company Advanced Micro Devices. Currently the stock had a tremendeous year, and afterward took a very bad beating , which pushed the price to it's current level which is a strong support at the moment. From a technical perspective is the strong support should attract a lot of buyers at this stage to push our boundries to some of our targets.Additionally the RSI is quite low so I can see an ascending channel formulating.
Fundamentals : AMD has seen impressive growth, driven by it's competetive produts liek Ry zen and EPYC processors, which have gained significant market share. The company's focus on innovation in areas liek data centers AI and high performance computing positions it well for future and stable growth ahead. Their strong financial performance and continuied makret expansion makes AMD a promising investment in the tech sector.
Entry already active I have bought 1,000 shares at : 129.50$
Target 1: 144.09$
Target 2: 159.85$
Target 3: 174.89$
Target 4: 191.01$ (If we have enough buying power to cross / break the Strong resistance level at 174.89$, but I will confirm nor deny once we get close to that area if we would be able to acquire the final target)
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
AMD 1 DayGreetings
AMD has formed a long wick candle in a value zone, after a series of bearish candles, is this a sign of a reversal or just a temporary pause until it reaches the demand zone? It does seem to be consolidating inside a parallel structure. It is below the 200 EMA a bearish sign. Let's watch for any signs and confluences.
Have a safe day
The key is whether it can rise above 134.27-143.90
Hello, traders.
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Have a nice day today.
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(AMD 1M chart)
The key is whether it can maintain the price by rising above the 139.15 section.
If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful.
-
(1W chart)
The key is whether it can rise after receiving support near 134.27-143.90.
If not,
1st: 108.10
2nd: 81.99
You need to check whether there is support near the 1st and 2nd above.
However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue.
It is expected to create an upward wave if it rises above 177.25-180.49.
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(1D chart)
It is currently located near the box section of the HA-Low indicator.
In other words, the key is whether it can receive support and rise near 130.24-153.60.
If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading.
-
What we need to look at is whether the HA-Low indicator turns upward.
The fact that the HA-Low indicator is created means that a low point has been formed.
However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created.
Therefore, you can buy when it shows support near the HA-Low indicator.
However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point.
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If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator.
In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin.
However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again.
- It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or
- It creates an upward wave by rising above the HA-High indicator, or
- It creates a downward wave by falling below the HA-Low indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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A possible Scenario!The chart shows the asset's historical price action, with several notable price points and patterns annotated. These annotations seem to represent potential support and resistance levels, as well as possible future price targets or trajectories.
Short term mix
longterm down
AMD yearly open failAll of those investors this year are waiting to get paid. AMD needs to prove what it's made of before 2025 hit!
$AMD - Potential Buy around $93.40, $82Making a very clean ABCDE pattern.
Lines up with 0.786 fib retracement and previous history of reversing after 11 months down. (Plus January can be very bullish)
Can possibly dip all the way down to $82 (HTF POC)
Amd broke down $15 agoBut if you're looking to get long i outlined some big levels below (green horizontals). I'd be a buyer around $100, at that price the valuation looks pretty good.
Entering Swing TradeEntering Swing Trade:
📍Contract: NASDAQ:AMD $220 Calls Feb 21, 2024
✅ Entry: $.56
I am buying this in a discount zone, and will be targeting $160!
R/R is great! 7.62 💰
AMD Trade Idea: Big Move Coming Soon?AMD is trading in a triangle pattern, meaning it’s building up for a possible big move. This is a setup where we watch for a breakout or breakdown to decide the next direction.
Why AMD Is Worth Watching:
Tight Range: AMD is stuck between key levels, and a breakout could mean strong momentum.
Growing Industry: AMD is a big player in AI and chips, which are hot sectors right now.
Potential Catalysts: News about AI products or market strength could push AMD higher.
Key Levels:
Breakout Zone: Above $150, it could climb toward $180 or higher.
Buy Zone: Around $133, with strong support near $121. Below $121 could mean more downside.
