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AMD trade ideas

Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe. Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK. Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation. If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle. KEEP WATCH of FAKEOUTS, where we enter back into the triangle*** Our 1st Target = $125 - $132 range Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line. This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021. Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS: RSI -> Notice how the RSI is coiling up in this range between the BLACK lines. -> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need. STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1. MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level. -> If we get above this 0 level with the cross, it will further the Bullish Momentum case. TRADE IDEA: STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle Scale in your buy orders CONCLUSION: We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:AMDLong
by SafofAllTrades
AMD what's next? $114.68ishOk, the target from the short hit today, so I may as well keep playing this game with AMD. It's still bearish longer term it looks like, and so are the indexes it seems. But, there should be a small reprieve on Monday morning. So, AMD and my handy tools suggest going up 6% (114.48 from current price), and price (a separate number) gives $114.68 (just thought I'd see how accurate I can get with the cents). It's possible it'll go higher, I suppose, but the easier /moves/money is how this seems to work. That's it. I'll update anything new & have a lovely weekend.
NASDAQ:AMDLong
by JenRz
AMD to breakdown at overbought extremes?Advanced Micro Devices - 30d expiry - We look to Sell a break of 106.89 (stop at 114.09) Daily signals for sentiment are at overbought extremes. The lack of interest is a concern for bulls. 107.08 has been pivotal. A break of bespoke support at 107, and the move lower is already underway. Short-term momentum is bearish. Our profit targets will be 88.89 and 85.89 Resistance: 113.80 / 119.00 / 122.12 Support: 107.08 / 103.50 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:AMDShort
by VantageMarkets
Earn 18% While Waiting To Buy AMD At SupportHey guys! Today, we're looking at a Trade Idea in AMD, the popular semiconductor company that often plays second fiddle to Nvidia (NVDA). Like most of our trade ideas, this post focuses on selling put options - this time, on AMD shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you will be forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words- either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, AMD seems like a great candidate for this strategy. Selling the October 20th, 2023 $105 strike put options yields more than 18% on an annualized basis, and 105 is a decent support zone, as you can see on the chart above. This is also a popular pivot area if you zoom out further: The stock has also been in a bullish uptrend, and the recent, flat price action is a solid consolidation that should be perfect for selling puts: But what about fundamentals? All of this means scant little if you're forced to buy a stock that will go down over the long term. Fortunately, AMD is growing its top-line sales and bottom-line profits at a steady pace on the back of increased demand for semiconductors: While the company is diluting shareholders somewhat, the valuation, at only 8x sales, seems reasonable when compared with peers and to the company's own multiple historically. Plus, the trade has a 76% chance of earning max profit by expiry. Overall, we think selling the October 20th, 2023 $105 strike put options is a great win-win trade for income-seeking traders. Cheers! Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
NASDAQ:AMDLong
by PropNotes
26
AMD peak and valley vertical line time frame phase ideaI want to post a time frame analysis idea to get some constructive feedback, thoughts, and observations. Im new to trading, I'm on year two. I always look at the peaks and valleys of the market and think that buying 1-2 month options should be easily profitable. Im simply sticking vertical lines on the highs and lows and giving a general count of days between. THIS ONE IS DIFFICULT TO ENTER because AMD is in a choppy channel. A recent optimal entry was when it bounced off the 107 - 111 area. Will it retrace back off the immediate resistance to a better long entry? Or will it be off to the races, knowing AMD it is all possible?
NASDAQ:AMD
by happydays01
1
AMD Still a buy as long as the 1D MA100 holds.Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at 95.00, on a potential contact with the 1D MA200 (orange trend-line) too, which is intact since March 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
6
Will $AMD gonna hit the trendline breakout? There are a few factors that could be contributing to the recent rise in AMD stock price. First, the company has been posting strong financial results. In its most recent earnings report, AMD reported revenue of $5.36 billion, which was up 62% year-over-year. The company also reported adjusted earnings per share of $0.57, which was well above analysts' expectations. Second, AMD is benefiting from the strong demand for semiconductors. The global semiconductor market is expected to grow by 10% in 2023, and AMD is well-positioned to capitalize on this growth. The company is a leading supplier of microprocessors for gaming consoles, personal computers, and servers. Finally, AMD is also benefiting from the recent sell-off in tech stocks. As tech stocks have declined in recent months, AMD has become more attractive to investors. The stock is currently trading at a relatively low valuation, and it has the potential to rebound in the near future. Overall, the outlook for AMD stock is positive. The company is well-positioned to benefit from the strong demand for semiconductors, and it is trading at a relatively low valuation. Investors who are looking for exposure to the semiconductor market may want to consider investing in AMD stock.
NASDAQ:AMDLong
by EaMon_AeMon
AMD - Greed Doth Bad Habits BreedI've noticed that, especially in the last week, the trading community has really transformed into almost full bore greed. People are buying highs on almost anything, especially some of the most dubious of stocks, and getting rewarded with 5-15% gains every day. There's even a popular post on here that asks "As new highs approach, what is the bear case?" Whenever the climate is like this, you really, really have to take a step back and cool your head. If we were in a sustained bull market like we had in 2021, greed may ostensibly be fair enough. But when the Fed rate is at 5.5 percent and there aren't going to be cuts, with 6% enroute before year end, and TBond yields acting like they want to court with 4.5% or 5%, you're sort of in the Twilight Zone right now. If repricing to the downside really does occur, it's going to be fast and sudden. AMD is the company that floundered, and hard, after losing the arms race to Intel for a lot of years. Then it hired a Chinese CEO, who flew over to the Chinese Communist Party's land and did some courtship, and then all of a sudden AMD was worth a lot of money, and has been for a while. You have to really be very careful with anything connected to the CCP and China because of the geopolitical tensions between Xi Jinping and the International Rules Based Order. All the yammering about "Taiwan" is about the IRBO looking to plant a man from Taiwan in Xi's seat when the CCP falls in the exceptionally near term future. Yet Xi, a Chinese nationalist, can defend China's 5,000 year old Divinely-imparted culture, and himself, by weaponizing the 24-year persecution and organ harvesting genocide against Falun Gong that was launched by the Party and former Chairman Jiang Zemin on July 20, 1999. If any of the above really transpires, please use your head: Beijing's noon is New York's midnight. Whatever happens in China is going to happen outside of NYSE/Nasdaq hours, which means those enchanted by greed are one day going to enjoy the bitter fruit of a brutal breakaway gap that never comes back. So, AMD earnings are tomorrow post market. This is notable, because despite all the bull fever and delirium, I note that we really might be watching the markets top right now: SPX - The Sound of a Shattering Iceberg And if you take a look at a number of stock market calls I link below, you'll see there's a number of warning signals that are really worth considering, but still some pretty nice long opportunities. So with AMD, what I'd like to point out as we head into earnings are two things: 1. The market makers left a goalpost at $133, based on the monthly. Price action absolutely does not have to take this point out, but since it counts as "resistance" to retail traders, it stands to reason it will go at some point 2. Price action since the late-June dump is NOT bullish. It is a classic markdown-and-sell-a-lot-more pattern that traps all the people who bought over $120 and have been comfortably numb averaging down. On weekly charts, the red box is a place that price action is likely to return to, and the catalyst for this may very well be earnings. There's really a precedent for this, with Taiwan Semiconductor, which I think is a very high likelihood long-term long even as markets sell off, because it's not a member of the Nasdaq or the SPX: TSM - Taiwan, Your Semiconductor Long Hedge An important thing to note about TSM is that it's a very similar set up to AMD, but also a lot more bullish of a pattern, and yet it lost some 7% on earnings. Earnings plays are very hard because the fundamentals don't matter. You get major gap repricing and have to pay a high premium for leverage or for puts/calls to boot. Yet, a dump under $100 for AMD would likely be a real buying opportunity with a target over $135. While you might find it too good to be true, May was already a $50/65% month for AMD. Yet nobody wants to buy when there's big red. Instead, they want to buy on green and HODL, because you've been so perfectly conditioned, Pavloved, and trained by smart money. Alternatively, if earnings were to raid $135, it may very well be the sell of the year. Good luck. With the situation as it is, you should always ask yourself: "Are we really going to set new highs, or are we at the top of a bear market rally?"
NASDAQ:AMD
by LordWrymouth
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.
NASDAQ:AMDShort
by JenRz
10