AMD trade ideas
AMD has made its bottom and we will see a reversal to the upsideAMD has made a clear bottom and a double bottom on weekly. From here on, I expect it to reverse course to at leat 142 level. A good buy for both swing and long term as this is clearly a stock with great fundamentals and consistant positive earnings. This is also the best price to DCA if you already bought higher up. I expect it to go up before its earnings end of Jan or Feb 2025.
$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results.
What I’m Seeing:
Double Bottom Revisited:
We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced.
Historical Precedent:
The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature.
Volume & Confirmation:
It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold.
Potential Price Target:
A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives.
What to Watch For:
Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal.
Volume Expansion: Higher volume on the breakout adds conviction.
Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected.
AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
$AMD BuyThe chart of NASDAQ:AMD , combined with its latest fundamental research, provides a detailed overview of the stock’s current position and outlook.
Technical Analysis:
NASDAQ:AMD is currently in a corrective phase, testing critical support levels. The price is approaching significant support around **$120**, corresponding to the 0.618 Fibonacci retracement, with deeper support near **$92**, aligning with the 0.786 Fibonacci retracement and a long-term moving average. These levels are historically strong areas where buyers could re-enter the market.
Momentum indicators such as **RSI** and **Stochastic Oscillator** are showing oversold conditions, signaling a potential reversal upward. The **MACD** remains bearish but hints at a possible shift in momentum. The long-term trend remains upward, with the current price action indicating the stock is near a potential turning point.
Fundamental Analysis:
Recent financial performance highlights NASDAQ:AMD 's strength. In Q3 2024, revenue grew by **17.82% year-over-year**, driven by strong demand across its product lines. Net income increased by **157.86%**, reflecting improved profitability and operational efficiency.
Despite these positives, NASDAQ:AMD faces challenges. It is trailing Nvidia in the AI GPU market, limiting its ability to capture a significant share of this high-growth sector. Additionally, a potential slowdown in the PC market could pressure revenue growth. However, NASDAQ:AMD continues to benefit from Intel’s struggles, while growth opportunities in the data center and custom chip markets remain strong.
Synthesis:
The current correction in NASDAQ:AMD 's price reflects market concerns over its competitive position in the AI sector and potential softness in PC demand. However, the company’s robust financial performance and opportunities in high-growth areas like data centers suggest that this correction may be temporary. Key support levels at **$120 and $92** are critical to monitor for potential long-term entry points.
Conclusion:
While NASDAQ:AMD faces near-term challenges, its strong financials, market positioning, and growth potential in high-performance computing present a positive long-term outlook. If the stock holds the current support levels, it could regain momentum, with significant upside potential in the coming years.
AMD Buy Analysis Target 1: $147
Target 2: $161
Stop Loss: Based on your risk tolerance.
Why AMD?
AMD’s financials this year are impressive:
Revenue up +17.57%
Net income up +157.86%
Earnings per share up +31.43%
Despite strong results, the stock is down 8% YTD, creating a potential buying opportunity.
In August, the price surged from $121 to $161 in just 15 days, hitting the second target in no time. I expect a similar move again!
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend.
- PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market.
- Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability.
-AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD.
Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value.
AS OF 12/16/2024
RSI (14) 33.31
52W Low 3.99%
Advanced Micro Devices | AMD | Long at $126.00Advanced Micro Devices NASDAQ:AMD may be the sleeping giant in the semiconductor / AI space. While all eyes on NVidia NASDAQ:NVDA , earnings for NASDAQ:AMD grew by 800% over the past year... and are now forecast to grow 40% per year. Any other company would be soaring right now (like NVidia), but that company is getting all the attention. And, to me, this means opportunity for the future. The cashflow is likely to grow tremendously for
NASDAQ:AMD into 2027 and beyond, which may inevitably reward investors with dividends.
From a technical analysis perspective, NASDAQ:AMD just entered my historical simple moving average zone. This area (currently $108-$126) is where I will be gathering shares. Something tremendous would have to change regarding the fundamentals of this company (like a scandal) for the overall thesis to change. There may be some near-term price pains as NVidia gets all the focus, but to meet demand in the semiconductor and AI space, NASDAQ:AMD is poised to fulfill that roll in the future.
Target #1 = $158.00
Target #2 = $175.00
Target #3 = $188.00
Target #4 = $205.00
AMDExpecting AMD to fall below $120 price low into FVG AT $113ish. Will be expecting bullish price action to trigger buys.
$AMD - Buy The Dip!Here are some value areas to grab some NASDAQ:AMD if you have been looking to get in or if you want to add on more. If it drops to these levels... this is the "load up" zone.
AMD Short Term FormationsNot a complete setup. AMD in an interesting position to watch for a potential bounce.
$AMD - weekly trendline support hitAMD - Weekly channel support hit last week at $125.50. previous big dip was bought at $122 when stock reversed to $174. $120 needs to hold for a bounce here.
AMD 1 WEEKOk so here i have the weekly chart pulled up and as you can see we have multiple pivots along the lower trendline. im anxiously waiting to see if the "third times the charm" .
amd isnt looking so hot. Important zone now!if AMD doesnt hold this level, the 200 ema on the week chart, we could be in a much stronger bear market on AMD. watch this level coul dbea good key level for options trading! the indicators are saying that its about to bounce but price and volume are more important. so we will see some time next week!
The #1 Reason The Market Crashed It's almost impossible to believe this
Market crash! But it's
Happening I remember
Reading a newsletter by a trading veteran.
And he kept comparing the price of NASDAQ:NVDA
To the late 2000's stock market bubble
And he kept commenting on how this bubble will end.
The stock market had a flash crash ⬇️
And this is a signal that the A.I. Boom
Is over.
Now does this mean that the A.I. technology has no use?
Not at all.It just means where are in a 🐻 bear market.
And this market may last for the next 6months.
Also this gives me a chance to share the 🚀 Rocket booster strategy.
Look at this Chart NASDAQ:AMD
It has 3 Steps:
==
#1-The price has to be below the 50 EMA
#2-The price has to be below the 200 EMA
#3-The price has to gap down
==
Now that last step is the key to this strategy the "gap" is basically price action.
To learn more about price action please study about candlestick patterns
This will give you a boost to understanding your entry and exits
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Also use a simulation trading account before you use real money
$AMD weekly bullish turnaround, buy $AMD and don't stopNASDAQ:AMD weekly bullish trading above trendline, potential seeing $154 before EOY.
AMEX:SPY NASDAQ:QQQ
Not financial advice.
AMDAMD looks beaten up lately for on monthly, I can see if it holds up 110-120 area may see 160 by Q1 2025 and then may retest again current levels then go for 200 or 300
AMD LONGlooking at lots of semi strength with a nice AVGO beat looking for some buyers to come in and pick up AMD. there's a small gap above $135 so I'm going to buy 12/20 $140s trimming most at $137. but I'm also looking at this as a good long term buying opportunity so will grab some shares or $165 calls 2/20
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
AMD - A strong compettitor in the AI&Bluechip business.Hi Investors our next stop is the fantastic company Advanced Micro Devices. Currently the stock had a tremendeous year, and afterward took a very bad beating , which pushed the price to it's current level which is a strong support at the moment. From a technical perspective is the strong support should attract a lot of buyers at this stage to push our boundries to some of our targets.Additionally the RSI is quite low so I can see an ascending channel formulating.
Fundamentals : AMD has seen impressive growth, driven by it's competetive produts liek Ry zen and EPYC processors, which have gained significant market share. The company's focus on innovation in areas liek data centers AI and high performance computing positions it well for future and stable growth ahead. Their strong financial performance and continuied makret expansion makes AMD a promising investment in the tech sector.
Entry already active I have bought 1,000 shares at : 129.50$
Target 1: 144.09$
Target 2: 159.85$
Target 3: 174.89$
Target 4: 191.01$ (If we have enough buying power to cross / break the Strong resistance level at 174.89$, but I will confirm nor deny once we get close to that area if we would be able to acquire the final target)
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
AMD 1 DayGreetings
AMD has formed a long wick candle in a value zone, after a series of bearish candles, is this a sign of a reversal or just a temporary pause until it reaches the demand zone? It does seem to be consolidating inside a parallel structure. It is below the 200 EMA a bearish sign. Let's watch for any signs and confluences.
Have a safe day
The key is whether it can rise above 134.27-143.90
Hello, traders.
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(AMD 1M chart)
The key is whether it can maintain the price by rising above the 139.15 section.
If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful.
-
(1W chart)
The key is whether it can rise after receiving support near 134.27-143.90.
If not,
1st: 108.10
2nd: 81.99
You need to check whether there is support near the 1st and 2nd above.
However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue.
It is expected to create an upward wave if it rises above 177.25-180.49.
-
(1D chart)
It is currently located near the box section of the HA-Low indicator.
In other words, the key is whether it can receive support and rise near 130.24-153.60.
If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading.
-
What we need to look at is whether the HA-Low indicator turns upward.
The fact that the HA-Low indicator is created means that a low point has been formed.
However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created.
Therefore, you can buy when it shows support near the HA-Low indicator.
However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point.
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If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator.
In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin.
However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again.
- It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or
- It creates an upward wave by rising above the HA-High indicator, or
- It creates a downward wave by falling below the HA-Low indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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