AMD - Need to prove further tapering before going longTapering is everything to prove that sellers are weakening and lacking further intention to drop. However, we do have room to the downside to find our green and orange buying continuation/support algorithms.
I will not be going long here until I see signs of magenta and teal controlled price and building further liquidity for a sustained move upward.
Happy Trading :)
AMD trade ideas
AMD game over?AMD is a huge problem. After a nice breakout from Bull Flag, it reached ATH and got rejected very hard.
From there, it falls on the area of support/area of breakout from Bullflag.
From here, AMD needs to recover ASAP, otherwise game is done and ATH won't be seen any time soon.
AMD must bounce above blue 50 days MA to stay bullish.
AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
AMD is at a Key Level With AMD's price sitting on a key technical support trendline, tomorrow we will see how AMD reacts to China's guideline's to block the use of US chips from AMD and INTC in government computers. With the way AMD has performed over the passed few weeks I wonder if this news is already priced in and does the stock get bought up if it opens red on 3/25 or does the AMD experience a bigger correction and see $160 or below? I'm in the camp that it gets bought up if it opens red tomorrow. I will look to buy the dip if we see weakness in AMD at open. I am Bullish on AMD and the CEO of AMD Lisa Su is one of the top CEO's in business! I think stock will be trading $200+ in the next few weeks.
AMD - Last chance below $180. Next Stop ATH0. Notes to follow;
1. Noticed divergence today with NVDA about 1pm or so it started;
2. AMD down over 20 percent;
3. Pivot on the Bear Market situation with AMD is $182.75;
4. Looking for a move above;
5. AMD Here reversing from double bottom or so, $175.55
6. Looks at the bottom of Large Horn Structure, Megaphone Shape, Bulkowski shows Broadening Bottom on AMD
AMD - Algos became more clear - here's what we're looking forAn activation of white as our support would be amazing news for the bulls - if it can utilize the strength here to break out of our controlled (but strong) selling channels. If we fail white and get pushed down further (early indication of this will be a failure to hold Teal as support), orange is our next step and is not the most bullish signal for us in the near-term but will definitely give us a reaction.
See you all in the livestream at market open!
Happy Trading :)
AMD - Opportunities to both sides approaching. Key PA to watch 4Watch for our strong selling purple to continue to push us down to support at orange.
If however yesterday's push down was to prove tapering on orange, we could see a breakout of purple and be back within our magenta tapered controlled selling to continue to move up.
Keep an eye out and I will update you as price develops!
Happy Trading :)
AMD March 15, 24: Pull Back to MA-21In a previous post (see related idea section) on March 12, I wrote about NASDAQ:AMD pulling back to its moving average MA-21 would provide a buy signal.
On March 15, 24, the stock indeed pulled back to MA-21 and closed in green amid weak overall market.
For me this is a good technical sign showing relative strength of NASDAQ:AMD
I bought it right here.
AMD technical analysis on 20 Mar 2024Stock : AMD
Date : 20 Mar 2024
Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )
preferred Transaction : Sell ( 181.42 $ )
Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart.
Technical Analysis success at level : 165 $
Technical Analysis fail at level : 187 $
$AMD Cycle outlook into Sep-Oct 2024NASDAQ:AMD cycles
Daily - looks to have started decline to HCL which is putting NYSE:ADM at a risk of daily cycle failure.
Weekly - printed weekly swing low on the tail end of the weekly cycle. Looking for the decline into ICL around mid May
Monthly - Bigger picture, just coming out of 7 year cycle low. We typically dip into HCL decline into month 23-25 so a final decline to YCL should be around Sep-Oct 2024