AMD trade ideas
#AMD Bearish on the Daily#AMD has an impulse, an ABC 3 wave corrective structure and has impulsively broken out of the corrective trend line.
Look for sells along the way to the fib extensions of 27.0 and 61.8
AMD: Earnings TradeAMD reports earning next Tuesday and is currently resting on a support zone from DEC/JAN. I am taking a small CALL position before earnings with the anticipation of a 175 gap fill and potential move to 184 in the next few weeks. If you follow this trade, I would recommend taking a small position, so it will not take out your account if it goes against you. Thanks again for all the support and have a wonderful weekend!
AMD Bear Butterfly Versus AMD Bull Butterfly.the detail is shown in the above Idea.
AMD bear butterfly is formed completely and angry buyers were present in 1.27 F
and now AMD bull Butterfly Is ready ( after growing right eye) to fly higher and higher.
AMD Megaphone BreakAMD just broke below its megaphone after having a rejection off the top end. I'd consider this to be a pretty major break that should lead to more downside if there's no quick recovery.
AMD - Correction of -40% over?NASDAQ:AMD just created a new all time high, however we have to be quite careful now.
Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels.
Levels to watch: $155, $110
Keep your long term vision,
Philip - BasicTrading
AMD - How should we play the semi-conductor sector?There will be major opportunity here long term - but in the short term, we need to exercise patience - especially in this sector! There have been crazy gains and though that is likely to continue with the AI boom only getting started, we still have to be aware of market mechanics and we know that this sector needs to build liquidity before making another run.
Happy Trading :)
AMD looks bearish
-Big time indicators are bearish as well as chart pattern shows price goes under previous all time highs signing more down side push expected.
-look closely around $165 level if price pulls back and consolidate around that area next day or two.
- If bounces down, the next targets are $145 and $135 in opinion.
Really appreciate your thoughts and ideas on this view!
Thank you and Good luck.
Can go a little lower before surging back upThe 200 is still a very solid area to beat. It has to depend on their capabilities in AI positioning themselves as major players in the main market. The chart has come a long way. I believe it may even see 130s before a reversal.
AMD sitting at KL with a Head and Shoulders - Added Supply ZoneAMD had strong selling pressure this week and is now sitting at a Key Supply Level with a clear Head and Shoulders pattern formation. Further downside could trigger further selloff. This analysis is for informational purposes only.
AMD sitting at KL with a Head and ShouldersAMD had strong selling pressure this week and is now sitting at a Key Level with a clear Head and Shoulders pattern formation. Further downside could trigger further selloff. This analysis is for informational purposes only.
Is doneHistory repeats. AMD is going back to the lower trendline and it can even break it like it did on April 2022. I'm not shorting here, I'll wait for a bull rally to start shorting. But I wouldn't buy this. Not now.
AMD - Symmetrical triangle on the dailyWith all the AI noise going around and Semiconductor stocks rallying, it would be interested to see what AMD does here from now until the ER which is nearly a month away from today
I see a Symmetrical triangle formation on the Daily chart for AMD.
On the upside, we have supple zone from 165-171/2 levels where we would see some resistance.
On the downside, we have demand zone from 145-150 levels which should act as support. If this support holds and we initiate long, then 139 can be your SL
I will not be initiating a trade now unless I see which side we are going to break from the symmetrical triangle and place my bets accordingly.
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA.
It's discernible that AMD may have some cyclicality in its price action.
For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period.
AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade.
Aug 16 180C.
Invalidation is if we drop below 160.
Advanced Micro Devices Inc _ Quarter 3 _ Distribution _ Prices Advanced Micro Devices Inc _ Quarter 3 _ Distribution _ Prices _ Under _ Trading _ Venue _ NASDAQ
1st Distribution:
$180.82
$192.71
_____________
2nd Distribution:
$199.02
$221.39
______________
3rd Distribution:
$221.39
$245.85
AMD at a buy point on the dailyAMD at a buy point on the daily. This analysis is for informational purposes only.
AMDBuying AMD - assuming the end of correction after the five-waves advance. Price broke the corrective trend line with increasing volumes, likely will continue the move.
$AMD #CupNHandle still has plenty of #MeatOnTheBoneI got greedy today and played some weekly 185C , thankfully not too greedy and took profits after they went 2.54 -> 4.00 = done for day... lol
But I think they *MarketMakers , thought it was ... "so nice, they're running it TWICE"
185C 7/12 are highly actionable imo...
#Internals has nice #Bullflag look on the hourly... I put the flag pole and what "mathematical" continuation hypothetically could n SHOULD be...
195 EOW 7/12 = Possible
200 touch by End of Month = Probable
-Prophecies
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AMD - How and Why I entered long positions hereThis should give you an understanding of how simple it can be. Potentially a great bounce area for AMD here.
Happy Trading :)
