AMD trade ideas
AMD upside met. Now looking for $110-11This is pretty cool that I'm getting some consistency with the numbers on AMD. Typically, when a number is hit, (which had been 118 on my prior idea) we get a decent reversal.
My dowsing is suggesting a "breakdown". Like, it's given me that option every time I ask (3xs). Now, time frame can be an issue, but I do expect indexes to give it up after earnings later or the week, so AMD could have some decent downside.
I do get a potential for $107, but it might not be this week. $110 seems likely though.
Descending TriangleI could have sworn this was up at earnings on Tuesday afternoon or after hours yesterday. Now it is down.
Price hit the top line of this triangle which is a diagonal resistance level.
Descending triangles are neutral until broken. Top line slopes down (resistance) and the bottom line is virtually flat (support).
No recommendation.
One measure of intelligence is the ability to change.
AMD Share Price on the Rise After Financial Statement ReleasePositivity:
→ Advanced Micro Devices EPS of USD 58 cents (Wall Street Consensus = 57 cents);
→ Q2 revenue of USD 5.36 billion (Analysts expectation = USD 5.3 billion).
Negativity:
→ revenue from data centers decreased by 11% compared to the same period last year;
→ PC revenue fell 54% year-over-year: the pandemic is fading.
Particular attention of investors was attracted by the words of CEO Lisa Su regarding AI. According to her, by 2027 the market for artificial intelligence processors in data centers will exceed USD 150 billion. She also noted that in Q2, the company's AI business grew 7 times.
AMD's share price jumped up +3% after the report, which was published after the end of the main trading session. At the same time, the AMD stock chart shows mixed signals.
Bullish technical analysis arguments for AMD stock:
→ AMD share price continues to rise within the rising channel in 2023, acting significantly stronger than the S&P 500 stock market index;
→ AMD's USD 110 support level, originating from the May bullish gap, has confirmed its strength.
Bearish arguments:
→ After a jump related to reporting, the price decreases in the premarket. A long upper shadow is a sign that the first positive emotional reaction could be wrong;
→ AMD's share price is experiencing resistance near the USD 122 level, which originates from the low of the bear bar on June 13 (the day the NASDAQ exchange recorded the largest trading volumes for the spring-summer, which indicates selling pressure).
According to MarketWatch, the average target price for AMD shares is USD 137.50 — analysts are positive about the prospects, seeing the renewal of the historical maximum.
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AMD Earnings tomorrow AHearnings coming up tomorrow AH. It has been slowly creating a bull flag pattern. Leaning bulllish but earnings will determine that. Currently trading above its Daily 21 MA. I would like to see it pull back to around $113.75 or the 21MA before continuing up heading towards its earnings.
AMD AnalysisPrice consolidated since my last analysis. Right now, price is trapped between 2 POIs. My expectations remained unchanged, if price wants to continue higher, we should see price taking out the lows at 107.08 first. If price takes the external liquidity at 122.12 first, price could potentially continue lower.
AmdAmd 113-116 (To 125) We expect it to continue falling to the specified areas, then to complete the ascending stage to the 125 area
AMD next stop $118Since it's been working well, I asked and get that AMD is going to $118. Last week I had the $114, but it came short. It hit today so there could be a little dip into $112.60ish. I do dowsing, btw, so all this is from my pendulum that is liking AMD lately.
Bull Put Spread 108/106 8/18 Exp.Selling the 108/106 Bull Put gives you a 69% of Break Even at Exp with 48% return vs Risk.
Nice Double Bottom Support above the Spread.
AMD Earnings Bullish 31st July2023Make sure to understand the trade & then make your decisions. AMD looks bullish to me. Ultimately AMD should go to $140
NOTE: DO NOT TRADE OPTIONS
AMD breakout expected|31st July 2023Price has come down without touching any supplies. Price has also narrowed so much and price is initially from HTF DZ.
AMD Long will Go to 260$ or higher
New 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year.
I have explained 2 bullish scenarios,1 bearish(worse case).
Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising
In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the AMD portfolio and let the profit run.
Exit :Stop loss or trend change signal
The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run.
This trade setup is only for trend followers and on daily TF.
AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: in the previous update of AMD I published on July 9th, I had AMD in wave (IV) of A, expected AMD to bottom on July 19th at 105, then continuation to the upside.
Update: the 40W cycle trough is in. This means I am extremely bullish on this name. Let's go through the details:
Analysis of the structure: AMD is definitely not easy to count. Not only because of my observations on the cyclic analysis of AMD, but also the structure is very bullish. I think we are in wave (3) of C of (III) of (a) of III.
Analysis of the cycles: I have enough confirmations to assume that the 40W cycle trough is in. This means we are in the second 40W cycle of the first 80W cycle of a 54M cycle.
AMD seasonality meets perfect trend condition soon!The Seasonality of AMD goes perfectly with the trend and opens a really strong seasonality window in the next few days.
If you want to see the seasonality for AMD just google for images
AMD (Long)AMD
Long
Enter: 112
Take Profit: 122.55 (9.21%)
Stop Loss: 106.86
R:R Ratio: 1.93
AMD price is bouncing off a daily support zone in a parallel channel
Gap Filled, Retest Done. Now What is Trading plan?Hi mates, sharing daily time frame chart of Tech Giant AMD as we can see on this provide chart that breakout happened in it by a gap up looking that gap is filled with a successful breakout retest too so I am sharing mine simple trade plans for it below.
Plan 1- So as we know after seeing this chart that it very good and price is clearly looking in uptrend now so it's very possible that price will go up touch the resistance one and will get a rejection from there and will come to support it will bounce again and will start marching for upsides towards 132 levels looking a potential upside now after retesting.
Plan 2- Price will break resistance one directly and will get a rejection from resistance two and will come to touch resistance one in this case this resistance one will act as support and will bounce from there in this scenario I am looking the same upside levels mentioned in plan 1.
Best Regards- Amit Rajan
AMD Short to $100 If we can break and hold under $109.50, then I believe that we may be on for a move to the psychological $100 level.
I utilize the Ripster Clouds, and right now we have price below the 1hr AND the daily chart 34/50 EMA's. Bearish signals for me.
This idea would only apply to today and maybe Monday at most. A fresh look would be needed no later than 2 days of price action.
AMD stocks experienced range fluctuations in 1.382 and 1.618AMD stocks experienced range fluctuations in 1.382 and 1.618 positions
This chart shows the weekly candle chart of AMD stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, AMD stocks experienced range fluctuations in May and mid June of this year after retreating to 1.382 and 1.618 positions, following the 1.000 position of the golden section in the upper test chart! The weekly chart for the past two weeks has shown a long upward shadow and a steady downward shift in center of gravity! In the future, the probability of AMD stocks weakening is expected to return to the bullish starting point in May 2023 as shown in the chart!
AMD AnalysisPrice played out nicely as analyzed last week, giving us a 5.52% move to the downside. From here, I'm expecting price to continue lower to take out the lows at 107.08, and potentially into the bullish POI at 99.94 next. No changes to my original expectations.
AMD if its green it won't stay greenWith earnings not too far away and the stock currently floating between support and resistance i am confident we will see $104 and even $97 this week. I'm sure earnings will be great but again supply and demand to keep up with everything is still lacking in the semi-conductor sector. They've performed good now on the YTD chart and maybe we'll see AMD pop past $119 on earnings or could see some larger downside with a great opportunity to buy.
BatM Patten. Peak is lower than peak 1.
Room to run to the downside but patterns do morph.
I would call this short to 78ish or lower.
No recommendation
AMDBelow 107, short to 100 target.
If you place your 50sma and your 21ema you'll see where the 21ema is about to death cross. If AMD opens up anywhere near the 21ema I'll look to short with a 116 stop loss.
Also, watch SMH sector. The sectors is sitting on its 21ema right now and any break below that will cause a big flush
