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AMD trade ideas

AMD- Buying on corrective distributive STAMD had a buying climax on 8 Mar and followed by a corrective downside for the next 2 months. The decline is rather corrective and as such, we are taking a bet that there will be an upside for now to form a potential distributive Spring Test. Especially it had since broken out of the falling wedge. To add, the confirmation of the smaller diamond bottom adds on to the bullish reversal. On the indicator front, My Midterm (53,10,10) Stochastic saw an oversold crossover and 23-period ROC has return back to the upside. Buy at spot with a TP of 207 and could wait and see at support of 145.06.
NASDAQ:AMD
by William-trading
AMD correction is over. Buy for the long-term.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 level that held and made the last bottom and Higher Low for the Channel Up on the week of October 23 2023. As the 1W RSI also reached the symmetrical Support level of the October 2023 bottom (45.50), we believe that the market has already started the bottom process and any week now will start the new Bullish Leg of the Channel Up. Technically the previous 2 rose by +144% but we will settle our own long-term Target a little lower at $300.00, so that it makes a standard Higher High on the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
2
AMD UpdateStill waiting for AMD carve out it's B wave of ii. I am still tracking the possibility of this being all we get for ii, but as stated previously, I don't feel that is the case. I would like to see us create a basic 3-wave move up into the target box labeled B before falling again for c of ii. However, B waves seem to be complex more than simple. For this reason, I feel we get a double zigzag into the box which will take time. No rules govern time duration so this thing could drag out for quite a while. Normally price would move to the 0.382 @ $169.35, then drop to the 0.236 area @ $157.99, before raising to the 0.618-0.786 area @ $189.47-$205.23. That is just the "normal" path for price to take during a retrace. Rather we get that or not remains to be seen. For now, all we can do is wait for that B wave to start.
NASDAQ:AMD
by TSuth
1
AMD is still in a downward regressionSince peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correction or moreover: it broke its super uptrend and is now in a downtrend the latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141, which is too much, surely more than fibo 0.5 of wave 1, wave 3, hence - downtrend, not just a correction anyway, it is trading in a downward regression channel and every time it attempts to rise, it falls notably with an engulfing red candle, or three red candles, or gaps down like on a post Q1 earnings day. I think there is a demand zone highlighted in green. After earnings it gapped down, I traded long 145 -> sold 154 and now would consider to wait when it falls again to the bottom of the regression channel, or to the green demand zone to open a new long More broadly on a monthly chart it suggest the mega correction to end in the area of fibo .5 i.e. at 140, or fibo .62 at 125... long term is bullish! GLTA
NASDAQ:AMDShort
by mike_volk
AMD move tired of downToo few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move.... To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ after any 1Q report that will be probably considered as week. For the moment is my opinion, it looks like this. Remember: those who don't support Belarusian and Ukrainian freedom fighters will not make it in the stock exchange anyway...
NASDAQ:AMDLong
by vladimirvonhalle
AMD - slow and steady selloff. DId it find bottomyet?AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD. For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply. This all stands in the way for the stock to really fly. I'd like it above 180 even 190 to feel like I've more runway. For investment, check valuation. Different story.
NASDAQ:AMD
by Liathetrader
🔍💼 AMD Stock Analysis 💡📈Sentiment Overview: Cautiously optimistic sentiment surrounds NASDAQ:AMD , despite near-term challenges such as supply constraints impacting data center results. Analysts' price targets vary, indicating potential upside ranging from modest gains to substantial increases. Critical Point: The stock is at a critical juncture, with technical indicators suggesting a possible bullish reversal if it rebounds from current support levels. However, a move to new lows could signal further downside. Price Targets: Market response will determine if AMD can reach targets like $160 or even $180, indicating a potential complete reversal in sentiment. Fundamental Strengths: Despite near-term uncertainty, AMD's underlying fundamentals, including AI ramp and potential for improved data center results, warrant a moderate buy sentiment among analysts. 📊🚀 Investor Action: Monitor market dynamics and technical indicators closely for insights into AMD's future trajectory. #AMDStock #MarketAnalysis 📉💼
NASDAQ:AMDLong
by Richtv_official