AMD! AMD After an impulse move down, AMD is showing balance at a key level. A move away from this area should be violent. Wait on the break and hold to enter.
AMD trade ideas
Swing Trade Idea for AMDNASDAQ:AMD is currently forming a H&S pattern on the weekly chart. I think the price will continue to chop in the right shoulder range until earnings, at which point the price will begin its decent to the lower extremity of the weekly Zig Zag Channel ($140 range). In the meantime, I am watching the Value Area H&L levels shown on the Anchored Volume Delta Profile (red and blue horizontal lines) which provide good boundaries for short term swings.
As you can see from the Volume Profile , there is strong buying volume on the lower end that will require a significant catalyst to break. If the reaction to earnings is positive, the H&S pattern will be invalidated and I would expect to see the price rise back to the upper extremity of the weekly Zig Zag Channel .
My bias is bearish, which is supported by several indicators. The first one I’ll go over is the VPT/OBV (Volume Price Trend/On Balance Volume) indicator. This is a useful indicator that essentially measures the shares traded at non-equilibrium prices, and adds or subtracts them from the line. This can help suggest shifts in the underlying trend. I have modified the version posted by user BrandonMendez to use Heikin-Ashi input (for smoothing) and two moving averages (8 period RMA and 55 period SMA) to detect reversals. On the daily and half-day charts, the fast VPT_OBV moving averages have crossed below the slow average.
Another indicator I’m using for this thesis is the RMI Trend Sniper indicator by user TZack88. This overlay 5-period EMA line is weighted by RSI and MFI levels. Last week’s low bounced off the line on the Weekly chart, so that is an important level to watch (which also happens to be the Value Area Low).
Lastly, I like to look at PVI/NVI averages to determine which sides smart money and retail are on. On the daily chart, we can see the NVI line is moving towards zero, which suggests an imminent low-volume pop. On the half-day chart, however, we can see the PVI average is right at the zero line. Positive volume will likely come from news later in the week and could have a negative impact on the price of AMD.
I will only enter a short trade once the price hits the liquidity zone in the middle rectangle. If the price is moving up at tomorrow's opening, I will hold off until hitting the short entry target at $182.44. If the price is around Friday's close at open, I’ll be looking for a bounce at $167.36 to enter a long trade, with a take profit target at the Value Area High ($184.32).
Let me know what you think of this idea or if you have any questions.
AMD breaking out of a bulling flagI initiated a trade @ 185, as this appears to be the breakout of resistance. I have a short term target of 213 and longer of 230
AMD H&S NASDAQ:AMD AMD clear Head and shoulders pattern
price filled gap and broke downside could see 150 - 145
Put Protection for positions or exit.
$AMD bearish bias until earnings and I believe it will tank moreMultiple attempts on the same level. succeeded in one break out but then came back to that level. "sympathy run up with nvda"
fib level resistance.
wickly candles
looks like buyers exhaustion
AMD SWING LONGThe big overview for AMD in Pure Wyckoffian POV :
It looks like current price action, based on wyckoff map ( Atypical Re-Accumulation ),
Impending /Undergoing BUEC
I just follow the map, if this is true BUEC (Phase D) , then next will be Mark Up (Phase E)
Respect risk.
Position initiated as attached
Absolute Pure Wyckoff
AMD weekly lack of follow trough set upAMD weekly lack of follow trough set up. I just would like to check it in a couple of weeks and see what the price did.
AMD Head and shoulders? Danger looming.AMD's main competitor intel is teaming up with google and qualcomm to take down NVDA via the UXL Foundation. Further, intel just got a massive 20 billion cash injection from the federal government. this will give intel a massive competitive advantage over AMD. AMD is currently forming a head and shoulders formation.
Leap puts will print.
AMD 4Hour Chart Analysis: For educational purposes only, NFA AMD 4Hour Chart Analysis: For educational purposes only, NFA
Bullish case: March 27, 2024
1# 4hour forming inverted head and shoulder pattern , means trend reversal
2#RSI Bullish divergence
AMD - Need to prove further tapering before going longTapering is everything to prove that sellers are weakening and lacking further intention to drop. However, we do have room to the downside to find our green and orange buying continuation/support algorithms.
I will not be going long here until I see signs of magenta and teal controlled price and building further liquidity for a sustained move upward.
Happy Trading :)
AMD LEVELSAMD Levels and trendline for possible break.
Watch the trendline and the levels for a break on either direction, mostly swing trade / day trade
AMD could rise after retesting supportNeed to see it smash that previous support area some and then begin to take off. I wont feel comfy buying until after it closes over the 9ema. NOTE That is has already passed its previous high on longer scale. major uptrend
AMD 4hr candles show nice setup developing.Price starting to break out of falling wedge after bouncing off of macro trendline support which was also right around POC, top of most recent Fair Value Gap, and horizontal support. Bullish Divergence was also present on the RSI.
Long on AMD There is a current bounce on the Daily Trend Line. I am looking to go long on this security.
AMD game over?AMD is a huge problem. After a nice breakout from Bull Flag, it reached ATH and got rejected very hard.
From there, it falls on the area of support/area of breakout from Bullflag.
From here, AMD needs to recover ASAP, otherwise game is done and ATH won't be seen any time soon.
AMD must bounce above blue 50 days MA to stay bullish.
AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
$AMD - At critical support areaNASDAQ:AMD If the current Point of Control (POC) and Fibonacci support levels fail to hold, NASDAQ:AMD could potentially experience further decline to the $160 area. 👀
AMD is at a Key Level With AMD's price sitting on a key technical support trendline, tomorrow we will see how AMD reacts to China's guideline's to block the use of US chips from AMD and INTC in government computers. With the way AMD has performed over the passed few weeks I wonder if this news is already priced in and does the stock get bought up if it opens red on 3/25 or does the AMD experience a bigger correction and see $160 or below? I'm in the camp that it gets bought up if it opens red tomorrow. I will look to buy the dip if we see weakness in AMD at open. I am Bullish on AMD and the CEO of AMD Lisa Su is one of the top CEO's in business! I think stock will be trading $200+ in the next few weeks.
Advanced Micro Devices Inc. - An Alternate to Nvidia play?This might be a parallel play for those who missed Nvidia.
Be on the lookout for this and see the levels and comments marked on the chart.
AMD 2024 PROJECTIONAMD stock has finally met our 2023 projection, leading us to anticipate a return to support around 150. Following this, it is poised to undergo an Elliott Wave pattern, with Wave 3 potentially reaching up to 300.
Amd consolidation overbreaking out of the downtrend after the rally
consolidation over big move about to happen
Support at 175 trigger for breakout 182
pt 200 215
AMD - Last chance below $180. Next Stop ATH0. Notes to follow;
1. Noticed divergence today with NVDA about 1pm or so it started;
2. AMD down over 20 percent;
3. Pivot on the Bear Market situation with AMD is $182.75;
4. Looking for a move above;
5. AMD Here reversing from double bottom or so, $175.55
6. Looks at the bottom of Large Horn Structure, Megaphone Shape, Bulkowski shows Broadening Bottom on AMD
