3 Steps to the Rocket Booster Strategy:Hi there am lubosi stocks here to share with you my
#1 Strategy in stock trading its called the " Rocket Booster"
So how did i discover this strategy?
Well i stumbled upon my three mentors:
1- Robert Kiyosaki
2- Tim Sykes
3- Matthew Kratter
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It was not easy reading the books they recommended for me.
I once read one of
Matthew Kratter's Books
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Everyday for about 3 months after breaking up with my lovely girlfriend
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I used the education to get over her and improve my stock trading abilities to have maximum impact
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This is when i discovered the rocket booster strategy:
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#1-Price has to be above the 50 EMA
#2-Price has to be above the 200 EMA
#3-The 50 EMA Should Cross Above the 200 EMA
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If you would like to learn more please rocket boost this content
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Thank you for reading/watching
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**Disclaimer:**
The information provided above is for educational and informational purposes only.
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It does not constitute financial advice, and trading always involves
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a risk of substantial losses, regardless of the margin levels
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used. Before engaging in any trading activities, it is crucial to
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conduct thorough research, consider your financial situation,
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and, if necessary, consult with a qualified financial advisor. Past
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performance is not indicative of future results, and market
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conditions can change rapidly. Trading decisions should be made
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based on careful analysis and consideration of individual
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circumstances. The user is solely responsible for any decisions made
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and should be aware of the inherent risks associated with trading in
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financial markets.
1AMD trade ideas
AMD - Minor Low BuyAMD created a strong trend post earnings and has pulled back. An L1+L2 pullback was supported on Friday.
Like TSM, volume lurks overhead. Additionally, resistance exists on the weekly chart.
I am looking from an aggressive entry on the Friday minor low candle breakout. Prices are supported by volume and the trend. If prices continue to pullback, I will look for minor low breakouts as entries.
AMD Surges After Launching AI chip that Could Challenge NvidiaAMD unveiled its MI300X chip, an AI-centered semiconductor designed to challenge Nvidia's global market dominance.
Advanced Micro Devices (NASDAQ: AMD) shares jumped in early Thursday trading after the semiconductor group unveiled an AI-focused chip for the data-center market, which it says could be valued at as much as $45 billion over the coming years.
AMD, which in June pegged the total addressable market for data-center chips at around $30 billion, launched the MI300X chip, designed to support generative-artificial-intelligence technologies. And it unveiled a next-generation semiconductor focused on supercomputing, the Instinct M1300A.
The MI300X, analysts say, could challenge Nvidia's NVDA dominant H100 graphics-processing-unit chip in the large-language-model AI market. Last month, AMD said the new chip could generate $400 million in fourth-quarter sales while the broader family of MI300 semis are expected to see sales of more than $2 billion over the whole of 2024.
Large language models "continue to increase in size and complexity, requiring massive amounts of memory and compute,” CEO Lisa Su said during last night's launch event at the company's Santa Clara, Calif., headquarters. “And we know the availability of GPUs is the single most important driver of AI adoption.”
Advanced Micro Devices shares were marked 2% higher in premarket trading to indicate an opening bell price of $119.12 each. Such a move would nudge the stock into positive territory for the past six months.
AMD last forecast fourth-quarter sales in the region of $6.1 billion, plus or minus $300 million, with gross margins of around 51.5%. That outlook following a mixed third-quarter-earnings report that showed big gains in PC revenue had partly offset the ongoing decline in gaming.
"While AMD acknowledged that its software can be further improved, it has reached the point of being 'good enough' for volume deployment," said KeyBanc Capital Markets analyst John Vinh. He reiterated his overweight rating on the stock following last night's launch event.
"We're encouraged that AMD has released a competitive AI GPU within a massively fast-growing (total addressable market), with endorsements by many high-profile customers," he added.
Technical Analysis
The RSI (14) is at 56.52, indicating a bullish momentum. The MACD (12,26) is at 0.68, suggesting a positive trend. AMD is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
AMD (Advanced Micro Devices ) Sell TF D1 TP = 104.0 On the D1 chart the trend started on Dec. 1 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 104.00
But we should not forget about SL = 125.88
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
AMD: First week of NovemberWas going to get all christmas themey here but will save it for SPY.
Here are the targets for AMD.
A break over the aqua (bull) threshold, we move to the high targets, but likely not to the top of the range.
A break below the orange (bear) threshold, we move to the low targets, but likely not the bottom of the range.
I have included the standard deviation breakdown by targets, including the price accumulation in that zone over the past 500, 30-minute candles.
Based on that, the most likely move is a move to PH1, as that is where price has been accumulating over the previous 500 candles.
But please note, previous behaviour does not predict future behaviour. Wait for confirmation either way.
Safe trades everyone!
AMD Could break up or down with strengthAMD has been rising but shows weaknesses. There are many supports under the current trading price that may be retested, check the chart for the exact levels.
If it fails below 120.00, the fall can be long.
Instead, if it reaches, crosses and RETEST 121.50 from above, it can keep going up, potentially to 130.
DAILY OPTIONS preferred for this trade.
High-Stakes Trading Alert: Gold, AMD, and NVDA! Risky Trades 🚨 Brace yourself for an adrenaline-pumping trading session! In this video, we're diving into the risky world of trading with three bold ideas: Gold, AMD, and NVDA. 📉📈 Our analysis unveils the potential risks and rewards associated with these trades, providing you with valuable insights to navigate the market. Whether you're a seasoned trader or a risk-taking enthusiast, join us on this thrilling journey as we dissect the charts and strategies for these high-profile assets. Remember, with great risk comes the potential for great reward – let's embark on this trading adventure together! 💼💡 #TradingAlert #RiskyTrades #Gold #AMD #NVDA #StockMarket"
AMD AnalysisPrice playing out exactly as my last analysis, respecting the order block at 98.87 and gave us a nice rally to the upside. Right now, price has moved +17.31% since my last analysis. I'm expecting a little more upside to take out the equal highs at 122.12 before a retracement. However, since price is in premium and within a bearish order block right now, longs are more risky and a bearish retracement is more likely here.
Advanced Micro Devices (AMD: NASDAQ)Impressive 42% YoY revenue increase in the client processor segment, reaching $1.5 billion, driven by robust laptop processor sales. CEO Lisa Su emphasizes commitments from hyperscale customers for Instinct MI300 accelerators. Consistent revenue growth of 32% over the past five years.
Bullish stance for #AMD, expecting upward movement above $100.00-$102.00, targeting $160.00-$162.00.
#StockMarket
AMD Broke Out... Now What??!!... An Earnings Story!!AMD appears to have confirmed a technical breakout on the Daily chart. The stock has experienced a meteoric rise since its last earnings report(10/30/23) moving over +20% in just a few short days. This extremely BULLISH price action has not only been fueled by a great earnings report, but there is also a major news catalyst driving the stock price higher. The catalyst has been strong enough to boost the price despite weak 'Q4 forward guidance. There are talks of a new AI chip that may allow them to compete with the likes of NVDA, the main player in the semiconductor industry. AMD may never surpass NVDA in stature however, AI projects to be the biggest technological innovation since the implementation of the internet making being the second, or even third biggest player in the space not a bad spot to be in. The need for semiconductors in general will most likely dominate the future resulting in plenty of profits to be made.
The recent price action of AMD is really a tale of earnings. Zooming out to the Daily chart and this phenomenon can be easily identified. The story really began with an earnings miss on 11/01/22. A few days before the release of this report AMD would set what ultimately turned out to be its 52 wk Low. This was preceded by a precipitous drop from the ATH of $164.46 set on 11/30/21. This rise to a new ATH and subsequent fall to a new 52 wk Low ironically occurred during a streak of nine consecutive earnings beats. Further analysis and one is able to discern that price action broke down over a series of DBL TOP patterns before recovering in a series of a DBL BTM patterns. This behavior may prove to be foreshadowing, but I digress.
Fast forward to 11/3/23 AMD has just closed above the neckline of a DBL BTM pattern, after completing a series of DBL TOP patterns, in the midst of four consecutive earnings beats. History may not repeat itself, but it has a tendency to rhyme. The stock has also broken through the top of a Descending Channel(D) that it has been trading in since the start of the series of DBL TOP patterns. The upward momentum has been so strong that the stock broken and closed above the 200MA(D), 100MA(D), and 50MA(D) over just the last three trading sessions, making a new local high in the process. The stock has been on a rocket ship since finding support at levels identified and explained in a previous idea(see AMD Earnings Breakout or Breakdown).
As for this idea. The series of DBL TOP patterns is represented by the black curves above the would be tops, with their respective necklines identified by the small black circles seen on the chart. The DBL BTM pattern is represented by the green curves found at the would be bottoms with the neckline also identified with a circle as well. The red curves represent a failed DBL TOP even after a closing confirmation on the Daily chart below what would have been the neckline. Proof that the markets can do anything at any time therefore, you can never let your guard down. However, it should be noted that this failed DBL TOP pattern comes after two successfully executed DBL TOP patterns, and a third that could be considered successful depending on your perspective. The third one just happened to occur near the 200MA(D) which has historically been strong support for any asset. Regardless the diagnosis it still amounts to a series of successful BEARISH patterns that have begun to fail, possibly indicating BULLISH price action moving forward.
Bull Case
1. Strength above $111.31. If the DBL BTM pattern is to play out, this area would be the neckline of the formation.
2. Strength above the top of the Descending Channel(D) in which the stock has been trading for the past three months or so. The stock has closed above the top of the channel with momentum. It would not be shocking to see the stock retest the top of the channel.
3. A retest and bounce from the local low, creating a higher low. This would be a BULLISH indication as the stock has already created a higher high signaling the potential start of an uptrend.
Bear Case
1. Strong rejection at the stock's current levels. Such price action could imply yet another DBL TOP formation, leading to further downward momentum.
2. BEARISH price action, chart patterns, or strong rejection at the yellow rectangle drawn above the current price level. This area represents the Golden Zone of a BEARISH Fib Retracement from the local high of $132.83 to the local low of $93.12. This area serves as a strong area of resistance and could serve as a logical area of rejection. Especially given how far and fast the stock has run since earnings.
3. A break below the DBL BTM pattern all together. This would be extremely BEARISH and could signal a falling knife situation. Under these circumstances bias should switch to the downside and the stock should be monitored for short opportunities.
*As things currently stand, bias is to the upside, with a guilty until proven innocent approach. The market has been extremely erratic, and rallies have been hard to trust. The stock has only created its first higher high, after trading in a clear downtrend(a series of lower highs and lower lows).
*RSI(D) displays a DBL BTM formation that has been confirmed with a break of the neckline.
*Watching AVP(52 wk Low)(POC), Moving Averages(D), Descending Channel(D), Key Levels(black rectangles), Ascending Support(red trendline), Bollinger Bands(D), and the AVWAP(52 wk Low) at their respective levels for additional confluence.
Advanced Micro Devices Inc (NASDAQ:AMD) Soaring As Market GainsAMD made significant revenue and unit share gains in the server, laptop, and desktop PC markets during the last quarter. Year-over-year, AMD gained 5.8% unit share in desktop PCs, 3.8% in mobile, and 5.8% in servers. Looking at the percentage of the cash AMD gained compared to its rivals (revenue share) year-over-year, AMD gained 4.1% in desktops, 5.1% in notebooks, and 1.7% in servers.
The preceding quarters were challenging both for the consumer PC and server markets as chipmakers and their clients tried to normalize inventory levels and align supply and demand. The situation has largely normalized for the two major CPU suppliers — AMD and Intel — in the third quarter as PC makers started to purchase processors for back-to-school and holiday seasons, whereas server makers ramped up production of machines based on the latest EPYC and Xeon platforms. Overall, AMD was luckier than Intel in Q3 2023 as it gained share, according to Mercury Research.
As it turns out, AMD has gained client and server CPU market share both quarter-over-quarter and year-over-year in the third quarter of 2023, based on data from Mercury Research. The data does not include numbers for Intel and Arm, though, given the dominance of AMD and Intel in client PCs, we can guess that AMD's gains were at Intel's expense.
Technical Analysist
Price Momentum
AMD is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.