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AMD trade ideas

Fool me 3 times, f8k the peace sign load the chopper on you Don't save her, she don't wanna be saved. Don't save her, NASDAQ:AMD dont wanna be saved. Don't save her, she don't wanna be saved Don't save her. But i swear if someone save her tho i will be pissed because aint no way NASDAQ:AMD wont try to go to shaded area to 107 before going to the white trendline. they say the 3rd time is always the best so i dont want to be like J.Cole and be like "My only regret was too stupid for not buying too much contracts" "My only regret, could never be bold enough to press the buy button and take Aaliyah home"
NASDAQ:AMDShort
by menskyl96
AMD to 1.618 Fib LevelI'm thinking AMD will eventually break out of this triangle pattern, and reach the 1.618 Elliot Fib Level which is equivalent to about $126 in the 3rd week of August. Then Intel will pay their wall street buddies to put out bad news on AMD to try and drive the price down. Then AMD's wall street buddies will put out more good news on AMD's Artificial Intelligence capabilities, which will then drive the price up to the $137 Fib Level. Last step in the process, is the automated machine algorithms buying up AMD stock early in the 4th week of August to ultimately drive the price up to $155 - $162 Fib Level.
NASDAQ:AMDLong
by Phoenix-Rising
4
Advanced Micro Device Can we bounce from 21 Weekly EMA?Hi Guys! This is a Technical Analysis on Advanced Micro Device (AMD) on the 1 Week Timeframe. Previously i posted a chart on the Daily Timeframe, mentioning of a potential breakout to the upside. But it was short lived as a fakeout, and we are down 7ish% since then. To get an understanding of what went wrong, i decided to analyze the Weekly timeframe to get a bigger picture. As you can see: We have closed BELOW the SUPPORT line of the triangle. We have also closed below this short term RED Horizontal support line. And we are now Testing SUPPORT on the 21 Weekly EMA. This is a Major development in my opinion. 21 EMA is used to determine trend: ->If its ABOVE = BULLISH ->If its BELOW = BEARISH Whenever we are ABOVE the 21 EMA, its important for the BULLISH trend to have price action test SUPPORT on the EMA, every now and then. For the BULLISH Trend to continue, we need CONFIRMATION that the 21 EMA indeed acted as SUPPORT. But there is also the case, of the 21 EMA not being able to maintain SUPPORT. So whats more likely in our current situation? In my Opinion, its becoming more likely or probable that we BREAK BELOW 21 EMA. For me and for more evidence i like to use INDICATORS. Ive highlighted some Scenarios that mirror our current developments in the 3 indicators ive added. Notice the Differences between how far we drop under the 21 EMA and the variations found in the indicators. For Price action to weaken and drop below 21 EMA, 3 things need to happen: 1. RSI -> Showing the Orange line break support and move BELOW the Black line. The longer stay below and continue lower, more likely for price declines. 2. MACD -> BEAR CROSS, (Blue line below Orange line) and the appearance of Red Histogram. 3. STOCH RSI -> Below the 20 level. The longer we stay below this level, more likely for price decline We are currently in this SCENARIO, highlighted by BLACK BOX. So now to determine exactly how far BELOW we go, If we do break SUPPORT. To gauge at that, we look LEFT and we look at the specific changes/ differences in the indicators. For LARGER PRICE DECLINES like in Scenario #3 and #4 -> MACD Histogram Bars were LARGE -> MACD Blue/Orange lines moved BELOW 0 level -> STOCH RSI for #3 continued for about 133 days (longest compared to other scenarios). -> RSI Orange line stayed below Black line for extended period Now notice #1 and #2 -> The indicators didnt show extreme variations as seen in #3 and #4 -> Scenario #2 Price action was below 21 EMA for a decent amount of time but it was consolidating, rather than having a major decline. -> Though the RSI Orange line was below the Black for extended time, -> the STOCH RSI was at oversold area for 119 days, -> the MACD Orange/Blue line NOT dose diving BELOW 0 level, helped price action maintain a range before moving back over 21 EMA. We have to keep in mind though that history DOES NOT have to repeat and that a new scenario can be possible BUT Main thing to watch is the size of the histograms of the MACD and whether or not we stay ABOVE the 0 level, in my opinion. A level to look at is the SUPPORT line labeled "MAJOR SUPPORT". IF we do close BELOW 21 EMA, it becomes more likely we test this line. ________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on AMD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:AMDShort
by SafofAllTrades
Advanced Micro Device Symmetrical Triangle Break/ Swing Hi guys this is a Technical Analysis on a Swing Trade opportunity for Micro Advanced Devices (AMD) on the 1 Day Timeframe. Crruently, we are in the process of breaking out of the Upper trend line of the Symmetrical Triangle. Notice how we are coinciding with the previous candles WICK. Now before taking any trades, make sure that the breakout is CONFIRMED. Which i will update on the confirmation. If would be positive for this breakout if we test SUPPORT on this Upper trendline of the Triangle. KEEP WATCH of FAKEOUTS, where we enter back into the triangle*** Our 1st Target = $125 - $132 range Our next target and what i'd love to see is if we get ABOVE this range and act as SUPPORT on the "MAJOR RESISTANCE" line. This MAJOR RESISTANCE line coincides with our TOP on Novemeber 2021. Lets look at some more CLUE that will help strengthen this breakout in the INDICATORS: RSI -> Notice how the RSI is coiling up in this range between the BLACK lines. -> If we break above the UPPER line, this would indicate a trend change and will be a catalyst we need. STOCH RSI -> Is showing a BULLISH CROSS. This would inject momentum into the breakout and help it move towards Target 1. MACD => Is also showing that we have BULLISH momentum coming in, with the print of the GREEN histogram and BUllish cross inching towards the 0 level. -> If we get above this 0 level with the cross, it will further the Bullish Momentum case. TRADE IDEA: STOP LOSS 5% below the Upper Trend Line of the Symmetrical Triangle Scale in your buy orders CONCLUSION: We are in the process of breaking a Symmetrical Triangle which will require confirmation for validity. The first target is highlighted on the chart, with the best course of action being us breaking ABOVE the MAJOR RESISTANCE line and having it act as SUPPORT. Our indicators are either showing signs of a bullish case or is in the process of exhibiting such signs. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:AMDLong
by SafofAllTrades