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AMD trade ideas

AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisIt’s been a while since my last update on AMD. Looking at the wave structure, I believe we are currently in a complex pullback, correcting the bullish move from October 2022 to March 2024. This correction appears to be a double zigzag, and we’re in the process of completing wave A of the second zigzag (labeled 'y'). Analyzing the cycles, we can see that the trough from October 2023 aligns with an 80-week (80W) cycle trough and the trough in August 2024 aligns with a 40-week (40W) cycle. Currently, I’m expecting the first 20-week (20W) cycle of this 40W cycle, which is actually the second 40W cycle in the 80W cycle, to occur around December 18th. This would correspond to wave A of the y leg of the larger wave II in the wave analysis. Following this, I anticipate a rally that should take us higher before the extreme bearish phase begins as we approach the 80W cycle trough, which is expected in early April 2025. There is an alternative (less likely) bullish scenario to keep in mind. If wave B becomes more strongly bullish, I would shift my bias to that scenario. However, until that happens, my preferred view remains as shown in the chart.
NASDAQ:AMD
by bamdadsalarieh
AMD Potential LongChart has been very bearish lately. Not really sure what AMD wants to do, looking at the daily chart it looks like AMD could bounce off the 130 support level and into the 155-160 range. With that being said I think that there could be the possibility that it trades sideways into the 145-150 range. Going to have to wait and see what it gives us in the coming days, next week could be a big tell all. If the price breaks that 130 support range look for a drop into the 122-110 range and possibly the 100 range. P.S first idea so don't crucify me if its wrong. I will update this if I decide to take a position.
NASDAQ:AMD
by Swigs
2
Better alternative for Nvidia NASDAQ:AMD might be a better alternative to NASDAQ:NVDA right now. Here are a few reasons why: 1. AMD has recently demonstrated stronger data center growth compared to Nvidia. 2. Nvidia appears to have reached a peak, with its revenue growth unlikely to remain as significant as before. 3. Nvidia's growth margins are slowing and even showing slight declines. 4. Nvidia's high stock price lacks a clear outlook for substantial gains. Considering these points, I believe AMD has the potential to outperform Nvidia in the coming months. However, AMD first needs to break out of its current downtrend. If that happens, I plan to reduce my Nvidia position and allocate it to AMD.
NASDAQ:AMDLong
by Glancu
Bullish Reversal on AMD with Trendline SupportAMD’s price action shows a strong upward trendline support, recently rebounding off this line around $143, suggesting a potential bullish reversal. This technical setup aligns with AMD’s solid fundamentals, including its growing presence in the server CPU market, stable financial performance, and ambitions in the AI sector. While AMD currently trails NVIDIA in AI market share, it has made strategic moves to position itself for growth in this high-potential area. This setup could see AMD moving toward previous resistance levels in the $170–$175 range. Fundamental Strengths : Dominant Position in the Server CPU Market : AMD has steadily gained market share in the high-performance server CPU segment, particularly with its EPYC processors. Leveraging advancements in power efficiency and performance, AMD’s server CPUs are increasingly adopted by major cloud providers and enterprise data centers. This expansion supports a robust revenue base and strengthens AMD’s positioning against competitors like Intel in the server and data center markets, a high-growth area driven by AI and data-centric applications. Solid Financials: AMD has consistently demonstrated strong financials, showing year-over-year revenue growth and improving gross margins. The company's strong balance sheet, with healthy cash reserves and manageable debt, gives it the flexibility to continue investing in R&D and expand market share. Additionally, the revenue from high-margin segments, such as data centers, boosts profitability and provides stability amid broader market volatility. AI Ambitions : While NVIDIA currently dominates the AI GPU market, AMD is actively pursuing growth in this space with its MI200 and MI300 series GPUs, targeting data centers and high-performance computing (HPC) applications. Although it has yet to capture significant AI market share, AMD’s commitment to AI development reflects a strategic ambition to diversify and tap into the growing demand for AI and machine learning hardware. As the AI market expands, AMD’s advances may gradually open new revenue streams, especially in areas complementary to its existing strengths in CPUs. Potential Trade Setup: Entry : Consider entering a long position (or a call option) around the current price of $143-145, leveraging the trendline support and AMD's promising growth outlook across multiple sectors. Target : Aim for a price target near $170, where previous highs could act as resistance, especially if positive sentiment around AMD's server CPU and AI ambitions builds. Stop-Loss : Place a stop-loss just below the trendline, around $135, to manage downside risk if the stock breaks below support.
NASDAQ:AMDLong
by Maleven11
AMD bulls on parade tgt $163Ok, I'm definitely thinking the bears are done in this for a bit. My work is all done through dowsing with a pendulum fyi. I know some technicals, but everyone does that already & I'm just doing things my own way. It's just more interesting, really, and often mind blowing (& frustrating). I've had a decent break from stocks & the market, and today went back in my journal & found on 10/1 that I had AMD lining up as a short in a couple days. Well, it wasn't the best short until the high of the 8th (ideally), but was easy to get on board once it started going down and did turn to a downtrend. Dowsing advised to exit the short on the date of 11/16 (a Saturday tho). So when I looked at the chart & see a low was made on the 15th, I get excited as this suggests selling could be over. Dowsing today says the most important thing to know is that "it'll keep going up" & is a "safe investment". The next date I have 3/11 as a daily swing high and exit date. This will be very interesting to see if these dates can get consistent. When I ask advice for investors I get a reversal & "spike down reverse up". This may be on NVDA earnings tomorrow or suggesting the past action. It seems a buying opportunity on dips.
NASDAQ:AMDLong
by JenRz
1
AMD: Final shot to rise in this Channel. $290 if successful.Advanced Micro Devices are bearish on the 1D timeframe (RSI = 38.717, MACD = -4.560, ADX = 33.691) but just under neutrality on the 1W technical outlook (RSI = 43.494, MACD = -3.840, ADX = 18.724). This indicates that this is the final support long term to reverse the medium term bearish sentiment and this is quite evident on this chart where the price is at the bottom of the 2 year Channel Up. Roughly every November inside this Channel (2022, 2023 and 2024), it is on a corrective wave (or has been the month before), so the symmetric structure on this pattern is very strong. Another reason to see a massive bullish wave next. The previous two peaked approximately 160 days after that low, completing a +141.24% rally from the HL. Consequently, we are aiming for a similar rally (TP = 290.00) by late April 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
7
AMD Advanced micro devices 24hr potterbox.AMD Advanced micro devices 24 hr potterbox. AMD is trading below the 50 percent line at about $140.00 as im righting this. it needs to come back up to $150.34 ish to be at the 50 % line. I use the box to plan my trades. I always try to buy longer time frame options. this seems to be working so far. i try to only buy quality stocks such as AMD,Tesla to trade but always do a finviz search for the strongest stocks to trade.$127.18 seems to be the bottom of the box. trade accordingly. not financial advise learning purposes only. Have a good day.
NASDAQ:AMDLong
by potrod
AMD going for a FLUSH to 94 levelsThe chart for AMD is displaying a large symmetrical triangle formation , with the price breaking below the lower trendline. Symmetrical triangles often signify indecision in the market, but this breakdown suggests that sellers are gaining control. The broader trend leading into the triangle and the breakdown signal a bearish continuation pattern. Oscillators and momentum indicators are skewed bearish, with no signs of reversal at this stage. Strong selling pressure confirms the potential for further downside. Declining volume during the triangle’s formation and a likely volume spike on breakdown signal a bearish continuation. Weakness in the tech sector or macroeconomic pressures could exacerbate the downward trend for AMD, watch closely for NVDA earnings to push this even lower. Entry Strategy: Short Position: Enter a short trade if the price stays below $134.90 with sustained volume confirming the breakdown. Aggressive Entry: Traders could scale into shorts immediately, as the price has already breached the triangle support line. Profit Target Calculation: Triangle Height: $140.90 (top of the pattern) - $128.37 (bottom of the pattern) = $12.53. Breakdown Target: Subtract the height ($12.53) from the breakdown point ($134.90): Primary Target: $122.37 If bearish momentum continues, the price could retest the major support level at $106.48. Further bearish extension may lead to $94.59 as a long-term target. Place a stop-loss above the breakdown level, at $138.50, to account for potential false breakdowns or whipsaws. A confirmed breakdown is expected to gain momentum within the next 1–2 weeks. Watch for increasing volume to validate the breakdown. I am going to take a position on Wednesday before NVDA ER.
NASDAQ:AMDShort
by EssieQuantumTrader
2