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AMD trade ideas

AMD Technical Analysis for Nov. 12, 2024Technical Analysis Breakdown: Support and Resistance: The price of AMD is currently testing resistance around the $152 level. A confirmed break above this level could trigger a strong move upward. The next key resistance is located at $156, and I'll be watching closely for price action around this zone. Immediate support is around $146, with a stronger support level near $140, which could provide a cushion if the price declines. Indicators and Patterns: RSI: The RSI is in a neutral zone, not showing overbought or oversold conditions. This indicates the potential for further movement in either direction depending on price action at resistance or support. MACD: The MACD is currently signaling a mild bullish divergence, which suggests some strength in the recent uptrend. However, momentum is relatively low, so confirmation of a trend continuation would be ideal before entering a position. EMA: Price is currently trading around the 9 EMA, which suggests a cautious stance in the short term. If it holds above this EMA, it may signal continuation of an uptrend, while a drop below could indicate a short-term downtrend. Chart Pattern: The chart is showing a wedge pattern, indicating a potential breakout in either direction. A break above the upper boundary of the wedge could indicate bullish momentum, while a break below may signal bearish sentiment. Trade Setup: Entry: I’m looking to enter at around $152 on a confirmed breakout above this resistance or a bounce off the $146 support. Stop Loss: A protective stop is set at $144, just below the $146 support, to minimize risk in case of a false breakout. Target: First target is $156, with a second target at $160 based on previous highs and potential breakout continuation. Risk/Reward: This setup offers a favorable 2:1 risk/reward ratio. With a well-defined stop-loss and clear targets, this trade provides a solid opportunity for success while effectively managing risk. Conclusion: With AMD testing key resistance levels and indicators suggesting potential for a breakout, this setup looks promising for a bullish move if the price confirms a break above resistance. However, be cautious of false breakouts and monitor price action closely. Ensure sound risk management by using stop-losses and only risking a small portion of your capital. Disclaimer: This analysis is not financial advice. Please do your own research before making any trades. Trading involves risk, and past performance is not indicative of future results.
NASDAQ:AMD
by BullBearInsights
2
Eyes on AMD for Potential Breakout Above $151 AMD has seen notable fluctuations recently, experiencing a pullback while being perceived as a robust alternative within the semiconductor sector. The company's price action has been closely watched, particularly as it navigates through the key support and resistance levels highlighted recently. - AMD's recent performance shows resilience despite facing headwinds, showing a span of highs and lows that suggests a consolidation phase. The stock has been testing significant levels and has garnered investor interest due to its potential in upcoming quarters. Friday's close indicates uncertainty after rebounding from a recent pullback, yet it remains in a bullish structure, outperforming some peers. - Key actionable insights for AMD include watching for a breakout above the critical resistance level of $150.98, which could signal renewed bullish momentum. Consider a long position if this level is convincingly breached. Conversely, if there is a rejection at this level or breaks below $145.30, it could indicate potential weakness or a deeper consolidation. - Sentiment analysis for AMD reveals a current sentiment score of 39.375, significantly improved from -32.08 last week. The sentiment change of 71.46 signals growing optimism among investors, with a total of 9 mentions across sources emphasizing AMD's relevance in current discussions. - Expert opinions highlight AMD as a stock to watch, particularly its positioning within the semiconductor market. Analysts note the critical nature of resistance at $150.98 and the importance of monitoring Nvidia's performance, as it may influence AMD's trajectory. - Based on the wisdom of all professional traders, the short-term targets for AMD are set at: Target 1: $150.98 Target 2: $162 Stop 1: $145.30 Stop 2: $138 Should AMD sustain above $150.98, a longer-term target of $162 could be realized within the next few weeks, contingent on broader market conditions. - Notable news affecting AMD includes ongoing developments in the semiconductor industry, where AMD continues to innovate in product releases. The company remains competitive in the market with its graphics processing units and processors, while broader sector trends indicate continued demand, particularly in cloud computing and gaming.
NASDAQ:AMDLong
by CrowdWisdomTrading
1
AMD Long Swing AMD is setting up well for a long entry. On the 2-day candle, AMD is holding within an ascending pattern, forming a bottom near an upward trendline as well as the 200-day moving average, signaling potential support. The setup offers a favorable risk-to-reward ratio, with the first price target at 187.25 (~30% potential gain) and a second price target around 227 (~56% potential gain). A stop loss can be considered if a 2-day candle closes within the lower demand zone (around 132, as highlighted), with the overall bullish uptrend invalidated on a close below ~121.
NASDAQ:AMDLong
by TristanJeffery
1
Can AMD hit 240 USD in Q1 2025? 100% BUY/HOLD for the bulls.🔸Time to update the AMD trade setup, this is a speculative bull flag with pole setup in progress, with 100% upside potential. 🔸AMD massively trailing behind NVDA entire year in 2024, expecting AMD to catch up next few months. Currently price action compressing withing bull flag, based on measured move projection expecting price target is 240 USD, so this 100% upside from the entry price for the bulls. 🔸Recommended strategy bulls: expecting pullback to complete near 120 USD in December going into holiday seasons, limited downside beyond 120 USD. BUY/HOLD near 120 TP bulls is 240 USD, which is 100% upside. Expecting target to get hit in Q1 2025. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDLong
by ProjectSyndicate
21
AMD Stock: Poised for an Upward TrendBased on the current technical analysis of AMD's stock, there are several indicators suggesting that it is at a favorable price and poised for an upward trend. Key Points: Volume Profile: AMD's stock price is currently below the Volume Profile on the daily chart, indicating that it is trading at a relatively lower price compared to its recent trading range. Historical Trend Line: The stock is approaching its historical trend line, which often acts as a support level. A bounce off this trend line could signal a continuation of the upward trend. Ichimoku Cloud: The price is currently within the Ichimoku Cloud, which indicates a period of consolidation and potential for a breakout. A move above the cloud could signal the start of a bullish trend. Conclusion: Considering the above factors, AMD's stock appears to be at a good price and is likely to continue its upward trend. The combination of technical indicators and the approach to key levels provides a strong case for potential growth.
NASDAQ:AMDLong
by Lazyblob
AMD scenarioToday we are in a distinctly upward trend, we set a high and now we are correcting in a corrective way to the 0.5 areas of the trend (Fibonacci) + to interesting liquidity areas. In my opinion, we will receive a continuation of declines according to the scenario I drew - in my estimation, the distribution of dividends at the beginning of 2025 will bring in smart money - we will receive a decline into buying and then we will begin to build long-term positions up to an all-time high.
NASDAQ:AMD
by David_capital
My last resort for a bull caseI admit the earnings reaction was a bit of a surprise to me, but I'm only writing this because I was in denial of the technical signs I clearly saw. The Oct 9 - Oct 23 leg down was in five waves, so I should've anticipated that upon the earnings, we will move down - the move up in the days prior to the earnings was in three and retraced to the 61.8 - 78.6% zone. Right now, I am leaning towards a $100 price target, I give it about 90% chance. However, I am giving it a tiny chance that the set of threes which have been printing since the March 8 ATH is forming an ABCDE triangle. If so, the local low is in and we move higher from here.
NASDAQ:AMD
by BelaK