Bull wedge?Bullflag wedge formation. watch for breakout, macd about to have a bullish crossover. AMD to $200!
Use a stoploss please.
AMD trade ideas
$AMD Running on FumesWith NYSE:AI being the talk about everything we now look at NASDAQ:AMD where do we actually stand here? plenty will argue its time to return back to $117 ,but on bearish squeeze we'll give a bullish trend before the short. we'd essentially be looking at 175-185 before the short comes to bring it back down to all time lows.
AMD Update: Clarity comes with Larger PictureI have been really looking at AMD lately because it has been on a tear for years now. In 2018 it was trading for under $10 and closed over $172 dollars on Friday! Thats a 1620% return on your investment in 7 years...talk about insane! Last time I posted on AMD I made an hourly chart and I believe I was off by one degree. The main chart you see above is the daily chart but gives us a much better view of price action. I have said many times in the past but let me re-iterate myself, I DO NOT predict timeframes. With EWT, it predicts WHERE price will move but not WHEN. That being said, disregard the times where I placed my labels and concentrate on what price levels they're at.
Looking at structure I believe we're in wave (iii) of (5) of ((1)). We hit the 0.786 and bounced down starting what I'm calling wave ii. If this is the case, then we should drop to the target box I have labeled ii. I know this is a decent amount different from my prior post, and I apologize for that. Sometimes the smaller time frames can get messy and complex, thus the reason for the title. After zooming out and looking at price action on the larger timeframe I believe this is the most accurate count. This is a wave ii, and they can be unpredictable. They're either long, short, deep, or shallow and alternate with iv's.
This pairs with what I expect to happen from the indices soon. Price has literally doubled in the last 3 months or so too, so I imagine people will be wanting to take some profits. As I said, wave 2's can be shallow, but it isn't uncommon for a move of this nature to drop to the 0.236 which would be @ $114.87 in this case. On the micro's that price point is between the 0.618-0.786 retracement fibs which is also considered a standard retrace for wave 2's of any degree. I have an alert set at $150 which is at the 0.382 retracement fib. At this point I will be looking at buying in possibly. I already have a few trades going through, and I don't want to overextend myself so we will see if I join the trade or not.
I will be watching this closely the next few trading days to see what happens. We should get some important clues soon to help guide us further. Yes, I do have my wave (v) of (5) of ((1)) target @ the $450 area. With the craze surrounding AI and how it is going to change our lives very soon, it should come as no surprise to anyone some companies (AMD included) are going to benefit from their positioning in the market sector. When I get more data I will update y'all.
Below is the weekly chart showing y'all an even more zoomed out picture.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
AMD Beautiful Consolidation into PennantAMD is consolidating really nicely after making new highs in late January. Surfing the 20 EMA on the daily chart as well. This will be a top focus for me heading into next week.
AMD and the $200 magnAMD currently bull flagging with a breakout causing a 15% increase in price to $200.
How to BRR 101Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s).
Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least).
Path to targets is the solid black line. Bullish channel its respecting is the dashed blue channel, every time it dips outside of that it gets bought up fast:
- Initial target = 187.50 by 2/9/2024
- After that hits it will pullback to around 176
- If 176 can hold as support it will make one final run to 192-199 by early March 2024
Trailing Stop loss is 2 consecutive closes below the dotted red line.
Entered Feb 16 175 calls for 3.50 on 1/31/2024 (underlying 167.67)
Sell to Open 1 Mar 22, 2024 167.5/155 Put Vertical @ $455.00NASDAQ:AMD
This is a bullish strategy with limited risk of $795.00 and limited potential reward of $455.00.
This strategy will profit if the stock closes above $162.95 by Mar 22, 2024.
There is a 58.11% probability this will happen.
From a technical perspective, AMD is having a wedge formation and will likely breakthrough with
a upward trend momentum.
However, I have a mixed feeling about the AMD's fundamental, so instead of playing an aggressive long vertical call, I tend to sell a vertical put to give myself a higher win probability.
$AMD LOTTO FRIDAY BREAKOUT ALERT My Plan:
175C>171.81 | 165P<168.96
Insanely RARE double IB not seen in months
Team here are some BONUS picks luv yall lets hunt together tomorrow and make some gains
FREE #OPTIONS Ideas
NASDAQ:META 475C>470.03 | 465P<465.59
NASDAQ:AMZN 175C>171.18 | 165P<169.14
NASDAQ:NFLX 565C>562.90 | 555P<556.54
LIKE if you want me to keep posting em!
AMD BO BUEC
Based on current Trading Range (Stepping stone) from previous accumlation,
position initiated as im expecting breakout of BUEC POE #4
pure wyckoff
AMD Update: Hourly chartI had a follower ask me to post my hourly chart on AMD so I thought I would try to get it out real quick for those of you trading it.
In order for wave iv to alternate with wave ii, it needs to be shallow and short. This is why I have my primary saying that iv is over, but it could verily easily fall slightly lower. If it does drop lower, it should be contained by the 1.0 @ $138.16. We need OMH for wave v of 3 to be considered complete. I would like to see that OMH to hit around the 1.618 @ $192.16 before the orange wave 4 starts.
We do have a sloppy 5-wave count off the 31 Jan low with a 3-wave retrace. However, as I said it was sloppy and that would make wave iv VERY quick. Until I have more data, though, I can't confirm v of 3 has indeed started. Let me know if y'all have querstions.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post will be on that day, and I won't be updating here as I do now.
AMD Has it finally topped? Short-term sell in order?Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below):
This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High formations. In addition, the 1D RSI is on Lower Highs that just broke below the Higher Lows and that has been the Sell Signal during the previous three occurrences.
We are targeting a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 (green trend-line) breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low.
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AMD – If it break above 180 on hourly chart it will go for 195AMD – If it break above 180 on hourly chart it will go towards 195
It will be a rectangle breakout.
Nvidia - How Long Will It LastHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper resistance trendline. I do expect a (short term) pullback from there to retest the support mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
AMD Update: 02/04/2024AMD has been on a tear for a while now. This recent little retrace we had I am counting as wave iv of 3 of (3). In the wave iii of 3 of (3), price went from $93.12 all the way to $184.92 in 3 months. That is the strength of 3's when they get stacked like they were. To say this thing is extended is an understatement. I anticipate us to raise to the $190's before starting our next retrace for wave 4.
Once we start that wave 4, I can give more refined targets for that retrace, but until then I would only be speculating. After that wave 4, price should head to the $210-$230 area if it is to continue along these extensions. Broadcom is already being considered as a replacement for Tesla in the magnificent 7. If investors make that conclusion, then it would be a huge boost to AMD and would easily give it the momentum necessary to hit the targets I have set. Time will tell but I feel AMD is a great long-term investment and I will most likely be buying into it very soon. If/when I do, I will post those trades on here of course.
AMD - Starting to Accumulate.AMD - Currently down 50% from ATH starting a position for long-term.
Looking to add at levels of support indicated in cyan. Big bids at 59-50 and 34-29.
Short-term trend change if yellow zone gained. Targeting orange around 100 for profit taking.
Looking for new ATH on gain of purple.
Advanced Micro Devices (AMD): A Promising Future in AIAdvanced Micro Devices ( NASDAQ:AMD ) emerges as a compelling investment option poised for significant growth in 2024. As the demand for artificial intelligence (AI) and graphics processing units (GPUs) continues to surge, NASDAQ:AMD 's strategic moves and recent product unveilings indicate a promising trajectory. We delve into the factors driving NASDAQ:AMD 's potential for a soaring stock performance in the coming year.
1. AI Market Growth and AMD's MI300X Breakthrough:
The AI market, valued at nearly $200 billion in the previous year, is projected to witness a staggering compound annual growth rate of 37% through 2030, reaching over $1 trillion. AMD, recognizing this immense potential, unveiled its latest powerhouse, the MI300X GPU, in December. Positioned to challenge Nvidia's dominance, the MI300X promises to be a game-changer, offering competitive performance for training and surpassing Nvidia's H100 for inference by 10% to 20%. This strategic move positions NASDAQ:AMD as a formidable player in the rapidly expanding AI sector.
2. Strategic Partnerships with Tech Giants:
NASDAQ:AMD 's foray into AI is reinforced by strategic partnerships with industry giants, enhancing its market presence and credibility. Microsoft, a key ally with a close partnership with OpenAI, announced its adoption of NASDAQ:AMD 's new GPU in Azure, optimizing AI capabilities. This collaboration not only underscores AMD's technological prowess but also positions the company favorably in the cloud computing domain. With a similar agreement in place with Meta Platforms, NASDAQ:AMD secures a foothold among tech's most influential players, setting the stage for sustained growth.
3. Improved PC Market and Revenue Surge:
Beyond the AI realm, NASDAQ:AMD is capitalizing on a gradually improving PC market. Data from Gartner reveals a 0.3% increase in global PC shipments in Q4 2023, marking the first positive growth in over a year. This trend aligns with NASDAQ:AMD 's financial performance, as evidenced by a 42% YoY rise in revenue in its client segment during Q3 2023, reaching $1.4 billion. As macroeconomic headwinds subside, NASDAQ:AMD is poised to leverage a resurging PC market, contributing to its stellar growth outlook for 2024.
4. Earnings-Per-Share (EPS) Projections:
Projections for NASDAQ:AMD 's EPS indicate substantial upside potential, aligning with the company's growth prospects. As the company diversifies its product offerings and strengthens its position in both AI and PC markets, analysts anticipate a significant surge in the stock's value in the next fiscal year. This positive sentiment is further supported by NASDAQ:AMD 's continuous innovation and market responsiveness.
5. Technical Outlook and Investor Sentiment:
From a technical perspective, NASDAQ:AMD is riding a rising trend channel in the medium long term. This positive trend signifies investor confidence and a growing interest in the company's potential. With no apparent resistance in the price chart, the stock's upward momentum is reinforced by strong positive momentum. While acknowledging the potential for overbought conditions, the absence of resistance and the ongoing positive trend suggest further room for growth.
Conclusion:
In conclusion, Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) stands at the forefront of a transformative era in semiconductor technology, driven by the burgeoning demand for AI and the resurgence of the PC market. With its MI300X GPU poised to challenge industry leaders and strategic partnerships amplifying its market reach, NASDAQ:AMD is positioned for substantial growth in 2024. As EPS estimates align with the company's potential and technical indicators signal a positive trajectory, investors may find AMD a compelling opportunity for significant returns in the coming year.
Almost ready to take offAMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.
The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure.
Initial upside target = 150-158 by mid to late Jan. 2024 ( point target = 150 by 1/12/2024 )
After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).
AMD - $170 Late Analysis - Uptrend and Good One to Watch I bought in again when AMD just recently (and everything) dropped and sold out at 70% - I wanted to post this but I forgot. AMD, NVDA, Etc are tickers I've been studying for nearly a decade now so I try not going into so many different ones.
Update 1/17-1/18/24: Still Learning how to effectively draw on mobile/computer with TradingView.. Let me know any suggestions but this is what I meant to post yesterday. Any tips and feedback on what would help easily visualize the analysis, let me know! Always want to help and learn from others too!
*KEY*
Original Channel in dotted orange-yellow was draw before the big upsurge, then drew 2nd pattern (blue) and my prediction of price trend before ER in the Green dotted curved arrow. The White dotted arrow shows a possible price trend if there's a delay to $170+.
I would have talked about TSM but I don't like to potentially trigger any FOMO in ER Gambles.
-Comment any feedback, like, dislike, criticize, let me know what you think and happy trading! - JL
Cheers!
AMD chart update, EXTENDED LINES EDITIONChart update, charts linked.
If you're buying long after 171, I warned you.
Orange is Support and future rejection trend.
If we close the week over 137.09
bullish.
39 gonna hit you like a truck if you're not out before the drop (Feb/March maybe, time frame is hard to predict, but I assume the drop ends sometime around May or June.)
AMD EXTENED LINE'S EXTENDED LINE EDITION (CONTINUE OR FALL)If you've been following me with AMD, we're pretty much out at this point, as we've been targeting the trade since 93, and there isn't much point to miss a few extra percentage points on the topside at the risk of losing all or much of the profits.
HOWEVER, there are still trades to the topside, as far as trades heading to the bottom side.
Marked in thick green and thick red are the TWO STRONGEST support and rejection trends I could find. Do more exist? Maybe, but you'll need a better analyst that me to find those.
Light red are steep support trends that have been building on top of each other (stacking)
Think of this like a skyscraper being built.
All indicators point that we are nearing a top. However, this means nothing as short term indicators can theoretically keep pumping the price over the long term targets, which would see numbers at 200+
Notice the time frame of the chart, 2h, meaning it won't last for more than a couple weeks and you'll likely have a whole new set of trends.
A move like this into earnings is going to be the big question.
179
189
are two really strong rejection lines. May not be exact, but close. You really need to analyze in real time at this point because move will happen faster and faster.
I would say, should the price not hold 171.00, I would wait to see what happens in the short term, and try and buy the dip if it occurs pre earnings, with a potential trade before, on or right after earnings. I would then be waiting on topside for a short entry rather than pushing my luck as a bull.
If you follow me with trades, you'll know that we essentially speak in probability. Meaning, at or above 189, I'm more likely to screw up than make a good trade, and if I screw up, there is a lot of downside showing, which will do absolutely nothing to cover the mistake (loss). Having said that, if you're a short term trader and familiar with short term trading, yes there are absolutely still chances to trade above this level should it occur.
We would also say, there is a better than average chance that should I wait for some of these topside targets to hit and enter short, I have a better than average chance to both profit, and make more overall money, than trying to time out more really short term trades.
It's all about profitability, risk, percentages, and patience. Waiting for the RIGHT trade IS 1000% better than jumping into a trade you missed because you have FOMO.
There will almost always be another buy, there will almost always be another stock moving up the percentage you missed. Idk, what it would be called in formal terms, but I call it the sniper strategy.
Good luck!!
I've attached all previous AMD charts to this chart.
Opened: AMD March 15th 145/155/210/220 Iron Condor... for a 3.33 credit.
Comments: High IVR/IV (104.5/60.1) earnings announcement play.
3.33 credit on buying power effect of 6.67; 49.9% ROC at max; 25.0% at 50% max. Delta/theta 2.68/4.65.
So, far TSLA earnings was a small loser; the jury's still out on NFLX (but it's underwater) ... . Third time's the charm?
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
