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AMD trade ideas

AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg: Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back. The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities. Our Target is intact at $295.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
4
Bulls Eye AMD: Key Breakout Levels Ahead**Brief News Update:** AMD will host the "Advancing AI" event on October 10, 2024, where it will unveil its latest Instinct MI325X AI accelerators and 5th generation EPYC processors. These products target high-performance computing and AI applications, with the MI325X offering up to 288 GB HBM3E VRAM and 6 TB/s bandwidth. Updates for the Ryzen AI PRO 300 series chips are also expected, potentially hinting at future line-ups like Strix Halo. The event will be streamed live via AMD's website and YouTube channel. AMD is expected to announce its quarterly earnings on October 29, 2024. **Monthly Timeframe Analysis** Five months ago*, I highlighted the Scallop formation, which has since broken out to the downside. However, the bulls managed to push the price back into the Scallop zone, as the closing price consistently remained within the range. This suggests that the bulls are keen on keeping the price above $140. The last two white bullish candles indicate a strong move, and my DTMI indicator points to a potential trend reversal. However, keep in mind that the white dot is on a still-open candle, so it is not yet confirmed. The #stoch RSI indicates there is still room for upward movement. **Weekly Timeframe Analysis** Looking more closely at the regular candles, while the broader picture suggests room for further upside, the trend needs to break first. We see a lower high (LH) and a lower low (LL) printed. The $187.28 level needs to be broken to look higher. If this doesn't happen, we may print another lower high (LH), and the previous low will likely be tested again, with a possible drop toward the psychological level of $100. It's crucial to monitor the market #structure closely, as the breakout of the resistance line occurred without above-average volume. This may mean the volume is yet to come, perhaps with the event on October 10. **4H Timeframe Analysis** I also want to discuss the W-formation, where the price is currently closing a gap. However, we must still account for a potential pullback to the underlying mini-gap. If the $162 level holds, this formation could present a good point for a trend reversal. As mentioned earlier, the $187 level must be broken to confirm the upward structure. **Conclusion:** The price shows signs of a potential upward movement on both the monthly and weekly timeframes, with a few critical resistance and support levels to watch. The upcoming event on October 10 could act as a catalyst for further upward movement, but there isn't enough volume to confirm this yet. Be mindful of pullbacks and the trend. On the Weekly timeframe 5 months ago*, since April, we’ve seen a ⁠choch forming with lower highs and lows, signaling a downtrend below the ⁠EMA 50. A bullish reversal in January 2023 led to an uptrend, reaching an ATH on March 4, 2024. The current pullback to the 0.5 Fibonacci level, supported by the ⁠EMA 50, aligns with an inverted ascending scallop, indicating a potential turning point as the ⁠stoch hits the floor. **Resistance Levels:** - $313 (Scallop target) - $227 (#ath) - $187.28 **Support Levels:** - $162 (W-formation) - $140 - Psychological level of $100 *Disclaimer: This is not financial advice. Always do your own research and assess your risks carefully.*
NASDAQ:AMD
by Tims.Technische.Analyse.
AMD LONGFollower requested AMD analyze! if you want also you can DM. This week we retested and succeeded ! next target would be 180-185 range. expecting a small pullback when reaching 180 range and should reach the upper range 200$. Next update when we reach 180$ range, our first target and test to see if we will continue up or fail ! TARGET 1 : 180$ area TARGET 2 : 200$ area * will update if there is any change in sentiment of the structure * for any question drop them below, and HIT THE FOLLOW BUTTON
NASDAQ:AMDLong
by ChartHouse_
$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week. The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in. My positions are as follows: Calls over $171.21, with targets at $177.55 and $185. Puts under $164.42, with targets at $162.58 and $154.49. Let’s stay sharp and position ourselves for what could be a pivotal moment for NASDAQ:AMD this week. Cheers.
Editors' picks
NASDAQ:AMD
by Solidified
4
Advanced Micro Devices, Inc. | Chart & Forecast SummaryAdvanced Micro Devices, Inc. | Chart & Forecast Summary Key Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
CAPITALCOM:AMD
by P-Ment4U
Advanced Micro Devices Inc - NASDAQHello and respect to my dear friends! Today, while examining the Nasdaq indices, I came across a beautiful chart that could potentially bring us good profits! I'm sharing my analysis with you. Please pay attention, as I have identified two positions. After the price reaches these levels, it is crucial to be patient! Wait for an appropriate candle that confirms the trend in accordance with our analysis to form. Only then can we confidently enter a long-term trade to reach the desired area specified in the analysis and achieve our target profit. To achieve a suitable profit, we need to be patient and accept the risks of trading before entering the market. Rest assured, I will update the analysis at the right time. The chart is drawn in a simple and straightforward manner for your convenience, dear companions. I hope all of you are successful and victorious! 🌟 Thank you!
NASDAQ:AMD
by fereydoon1199
5
P/E ratios, do they really have any predictive value?Some traders believe that the P/E ratio (Price to Earnings) of a company can be used to make good trading decisions. This ratio basically measures how "cheap" ("undervalued") a company's stock price is by comparing its earnings-per-share (EPS) to its current stock price. The generally accepted idea is that stocks with a "low" P/E ratio are "good", while those with a high P/E ratio are "bad" and should not be bought. Nothing could be further from the truth, for many reasons! The first one is that a company facing financial difficulties (not known to the public yet) or in serious trouble can still have a "low" P/E and attract tons of unsuspecting investors/traders. On the other hand a "high" P/E ratio could simply mean that the company is GROWING (its stock price and EPS are rising at the same time). Famous trader and author William J. O'Neill did a study on these P/E ratios and later concluded, in his now famous "How to make money in stocks" book : "Contrary to most investors' beliefs, P/E ratios were not a relevant factor in price movement". Take Advanced Micro Devices Inc. (Nasdaq symbol AMD) for instance, the stock I talked about recently. In September 2023 its P/E ratio was 856.83, an "insane" P/E ratio for most traders. And yet AMD proceeded to more than double in price less than 6 months later, see for yourself (chart above, blue line)! Ok, I am NOT saying that P/E ratios are meaningless and should be discarded, just be warned that they are virtually worthless if you try to use them to predict future price movements in the stock market, ESPECIALLY in the short term. Happy trading fellow traders, and stay on the right side of the market.
NASDAQ:AMD
by ProfitableTradingSignals
AMD Poised for Potential BreakoutNASDAQ:AMD appears to be switching direction and showing signs of a potential recovery as it recently crossed the 150-day moving average. There is a strong indication for a target price around $187. Different traders might see varying patterns in AMD’s price action: a double bottom (W pattern), a bullish flag, or a cup and handle – all of which suggest a similar price target around $187. Personally, I view it as a cup and handle. However, before taking a position, I’ll be watching for a support test on the recently broken resistance line and for the stock to enter the gap. The current volatility, indicated by a high CCI, suggests that a retest could provide a safer entry point. Therefore, my stop loss will be set at the gap entry to manage risk, with a potential upside of around 10%. What are your thoughts? Do you agree with the $187 target, or do you see a different pattern emerging?
NASDAQ:AMDLong
by elka_graph
Be careful with AMD !!!Be careful with AMD !!! we can hope that the price will act like a Crab pattern and the price will grow well. I expect that the price will grow very quickly... ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NASDAQ:AMDLong
by CobraVanguard
1