Key facts today
Advanced Micro Devices (AMD) shares dropped nearly 20% this year, facing challenges similar to Intel and Nvidia, both of which have not yet reported their financial results.
AMD to Retest SupportAMD has been in a descending price channel since November of 2024 with clear support and resistance established. On Monday we saw an attempt to breakout however it was rejected at the establish resistance line. Given the rejection and the significant drop that followed I think we will likely see AMD
AMD: Potential Mid-Term Reversal from Macro SupportPrice has reached ideal macro support zone: 90-70 within proper proportion and structure for at least a first wave correction to be finished.
Weekly
As long as price is holding above this week lows, odds to me are moving towards continuation of the uptrend in coming weeks (and even years).
1
3rd time trying to make some of my LOSS AMDSpotted an inside bar accompanied by high volume—promising setup. Hopefully, the recent tariff chaos doesn’t derail this trade. Based on the current technicals, it looks like there's a solid probability of success. Let’s see how it plays out. (Not financial advice)
Why AMD Might Be a Good Buy:
Adva
$AMD - A Larger Correction Has Begun...NASDAQ:AMD - Breaking the trend channel's lower boundary is additional confirmation the five-wave advance has peaked and a larger correction is underway. Upcoming rallies will probably be B-wave phonies.
Looking for more pain this year before secular bull trend resumes.
AMD Weekly Options Trade Plan 2025-04-16NASDAQ:AMD AMD Weekly Analysis Summary (2025-04-16)
Below is a synthesis of all the reports and our analysis:
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COMPREHENSIVE SUMMARY OF EACH MODEL’S KEY POINTS
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• Grok/xAI Report
– Technical indicators show AMD trading below its short‐ter
sniper dip entry! AMD bears get squeezed.boost and follow for more 🔥 AMD is having a massive bounce from trend support zone, now at its make or break level, if we can break look for continuation back to 100-120 levels short term.
I bought the dip on AMD at 78 yesterday and think we can higher.. see you soon with more charts GLTA!
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