AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD on the strong buy rating:
Then analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $2.39.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
4AMD trade ideas
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Looking long on AMD today at close for a swing! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Building my algorithms on a weekly chartThis has been a highly requested video and AMD may not have been the best place to start - but it is helpful to see nonetheless.
I will start to do this type of analysis video more in the future if people find it helpful toward building their own algorithms and their own "story".
See you all next time!
Happy Trading :)
- TraderDaddyOG
Chip makers facing more competition, as per Barron'srecent article on Barron's chip makers are facing more competition, I did talk positive about AMD growth but mention about Cerebras Systems with a new IPO this year and a faster chip that will more than double NVDA's. The is still some selling pressure but we are reaching some good support and volume has decrease a bit on sell days.
AMD - The Psychological Pitfalls of a Market CycleNASDAQ:AMD is trading at a PE multiple of 296. Their CEO has done a very good job building confidence in the company but unfortunately the euphoria is over. The numbers don't jive and the market is starting to come to grips. Time for a reset of expectations. The Psychological Pitfalls of a Market Cycle at its finest
$AMD if it will bounce or reverse IT HAS TO SHOW SIGNS TOMORROW.If not then we are continue to see its down fall..
lowest it might tap is 135-133
earnings will either rekt them more or save them..
Good luck traders.
I have puts all over but swinging calls if opportunity presents itself "relief bounce"
$AMD - Head and shoulder break downNASDAQ:AMD On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area.
A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023.
Judging from the magnitude of this pullback and the RSI being close to oversold, I would think it is close to bottoming.
Here are the support levels below:
$136 (200-day moving average)
$121 (trendline checkback)
AMD needs to hold $160 demand zone
If AMD's stock fails to maintain its position around the $160 mark, it could potentially drop to around $152 within this week. it's performance is also influenced by broader market trends. If the SPY fall and stay below $500, it wouldn't be surprising to see AMD's stock decline to the vicinity of $130 in coming weeks.
AMD April 17, 2024: Waiting For a BottomAs of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple).
The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction from the peak. The stock accumulated in this area for 7 weeks before finally bottoming out and starting an uptrend of over 100% in the following 4 months.
Let's see if the stock will have a similar action this time.
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside.
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Keep your long term vision,
Philip (BasicTrading)
AMD DON'T MISS OUT ON THE MICROCHIP PARTY Check AMD, I'm not entirely sure yet, but something about this chart is screaming bullish again.
Last chart update was pretty much short over 171 and we pretty much stuck to the chart.
Now that things are settling, the next move is starting to appear.
There is potential we see the move from 169.99 to 207.
If we cap out near 207 or 209 and drop to around 192, it can take the price up to the 250 target, but i wouldn't count on that as a for sure bet.
I still like the chances of 207 before we see the next major downside.
This is pretty much the exact same chart I posted last time but with a few lines removed and we're on a smaller time frame.
Those will be linked.
Good luck!!
AMD Strong buy on the 1day MA100.Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing.
It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years.
The last correction from June to October 2023 was exactly -30.15%.
Exploit a double entry strategy with the first buy here on the 1day MA100 and the second if it drops more to the 1day MA200.
The bottom is confirmed after the 1day RSI forms a Rising Support.
Target 260, being the 1.382 Fibonacci extension, which formed the high of June 13th 2023.
Previous chart:
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AMD - LONGBought some calls this morning, we are at low volume node, and 50% retracement. typically where sellers dry up under that last PoC. We saw a nice reaction. Two analyst upgrades today, targets from 180-200 dollars.
AMD's recent announcement about expanding its commercial AI PC portfolio with the Ryzen PRO 8040 and 8000 Series processors is bullish due to several factors: the launch introduces advanced x86 processors, emphasizing AMD's leadership in AI performance for both mobile and desktop platforms; it features enhancements in AI processing power and energy efficiency, boosting the appeal of AMD-powered devices; targets a broad professional market, potentially increasing enterprise adoption; includes AMD PRO technologies for enhanced manageability, security, and reliability, appealing to corporate IT managers; claims superior performance compared to competitors like Intel; and highlights strategic partnerships with major OEMs like HP and Lenovo, ensuring widespread availability and enhancing market presence. This strategic focus on AI and professional computing is poised to solidify and expand AMD's market position, signaling positive prospects for the company’s growth and stock performance.