AMD charted for 13Mar24PULLBACK TO 201.32, LOOK LONG WITH PRICE TARGET BEING 209.
AMD was a rollercoaster for me today but I've ID'd key levels.
AMD trade ideas
AMD bullish out of squeezeBouncing on 8 day low (pink) / 3 day low (yellow)
Bollinger band squeeze
RSI above 50
Look for:
%R (yellow plot on bottom pane) to move above top level
Z-score to change to green as exiting squeeze
Advanced Micro: More Fatigue in the AI Space?Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern.
Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar.
AMD proceeded to remain below that candle all of yesterday. That may confirm the potentially bearish patterns.
Next, stochastics are dipping from an overbought condition.
Third, AMD was 66 percent above its 200-day simple moving average last week. (See our “ Distance from MA ” custom script in the lower study.) That was the highest reading since September 2020. Is a pause needed after such a move?
Finally, traders may watch two previous weekly lows for potential support: $172.49 from February 27 and $161.81 from February 21.
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AMD - Major trade opportunity if we see this activated!Didn't want to forget this one because if we do activate purple we can see price attempting former highs and the weekly taper levels.
Look for price to develop here and if the trade comes to us, amazing. If not, there will be more opportunities.
Happy Trading :)
AMD charted for 12MarAMD presented a great play short today. I got the retest of premarket lows but never broke below the bottom of my PotterBox.
I like AMD long with an open at or above the PB we're sitting on (199.50) and short below 197.
AMD Overbought and Easy ShortWe have a nice topping pattern and shooting star on multiple time frames. Not financial advice, DYOR.
$AMD wants $180 depending on what $NVDA does nextI think this is a tricky trade, but if NASDAQ:NVDA sneezes then NASDAQ:AMD may get the flu. NASDAQ:AMD 's chips are not as great as NASDAQ:NVDA 's but they do the job. NASDAQ:AMD has been highly correlated to NASDAQ:NVDA and it seems like if NASDAQ:NVDA tests $800-$780s then NASDAQ:AMD could tank into the $180s with relative ease. Now, it seems to be caught in this downtrend and probably in the next couple of weeks, to be safe, $180 puts could print. Trade safe, always hedge, don't oversize.
$AMD to $155 by next Friday imo , pullback very likely NASDAQ:AMD to $155 still a go if we can close between the 20DMA/EMA cross here... NASDAQ:AMD
AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now.
I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow.
None of this is financial advice its just my opinion. Thank you
AMD Corrected Again- Buy the Dip Idea LONGAMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th
from the mean anchored VWAP support. Two days later finding itself extended to the second
upper VWAP band, price corrected over the next day down to the first upper band and then
after a few hours reversed and headed back toward the second upper band going somewhat
sideways and getting there two and a half days later. Price was rejected from that dynamic
resistance and fell into the first band which provided support to close the week.
The Luxalgo regression line forecast is for yet another more up to test the resistance of that
second upper band. I will take a long trade here recognizing that the forecast is for a 10-12%
move in the immediate term. If the forecast is accurate a stop loss will not be necessary. I will
set it at 204 to prevent anything other than an insignificant loss.
AMD Consolidating Above Prior ATHAMD recently pulled back to the prior 2021 ATH after the recent earnings release. As long as the ~165 support holds, the price action is building a bull flag that should eventually resolve higher after working off some of the recent overbought momentum.
Resistance could come from multiple significant overhead measured targets between 209 and 233, which could eventually lead to a pull back to the 80 support range.
AMD Testing Major Level 215AMD Price Structure formed major levels every 40$ Range.
95, 135, 175, 215
Currently testing 215 level which is also 2x of Rounding Bottom Pattern.
MCDX Red Bar (Banker) is above 90% and declining while price is advancing which is interpret as Bearish Divergence (Divergence is a sign of weaknesses.. Not a signal of broken prices action)
FiFT are still +ve (Strong Bull)
No sell signal seen so far. Not even a fast turtle sell signal triggers.
It is likely that AMD will move sideway around 215 level.. Not a good idea to buy at this level.
AMD trading within internal range with bullish pennantIn the lower time frame, it seems to be within a bearish range. price can go either way depending on premarket movement
AMD: Start selling. Top this or the next week.Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that level, so we expect the stock to price its new top this week or the next. In addition, the 1W CCI has been trading sideways but above the overbought limit since November, similar pattern as the sequence that led to the June 2023 peak. It is worth to start selling now, targeting close to the S1 level (TP = 165.00).
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AMD: AnalysisOn AMD we are in an uptrend and we would have a continuation of this trend if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume. However, let's be careful because in the event of a break of the vwap and the support line forcefully by a large red candle and followed by a large red volume we could have a reversal of the trend.Thanks!
AMD GO HIGHERHello fellow stocks traders, currently working and watching this stock before it fall, my assumptions to the highest level is 220-243$ before it retrace.
Were on the 2nd moves for distribution type.
Betting the highs is not optional on shorting. best case is that we dont know whats happen next.
This is only my assumptions before it dump.
This is not a financial advice.
Follow for more Stocks to trade.
Trading is risky, dont trade it own it.
AMD Bull Pennant Breaking LiveSelf Explanatory, resistance line currently broken, this has clearance to 200 imo. Keep it simple.
AMD - This Is Not The EndAfter significant price increases in recent months, the AMD share has entered a consolidation phase. The first investors are now beginning to realize their profits. Is this the end of the rally for AMD?
No, we don't think so. In the short term, we expect a pullback to the $165 area. We intend to wait for this pullback to optimize our risk/reward ratio to enter a long position in AMD shares.
We currently see potential for a price of up to $205 per share.
$AMD outlookOverall with the chip sector on FIRE, i like NASDAQ:AMD here to continue its hot streak and hold the $200 whole number. I'm looking for higher highs and looking to take this name long over $205. If the $200 number doesn't hold at support then short opportunity will be available with a price target of $190 - $185.
Play this safe!
AMD is no NVDA don't fall into the hype!
AMD vs. NVDA:
When looking at these two stocks it's clear that NVDA is the clear winner and will maintain its pricing power over alternatives.
NVDA's Gross margin (75.97%) is +35.57% that of AMD (40.4%).
Although AMD has a low price to sales ratio this is likely due to them having a "Walmart sales model". High volume, low margin.
This is illustrated further when looking at both companies price to cash flow ratio. Despite recent surges in NVDA stock price this has been trending lower for NVDA and higher for AMD.
Most recent price to cash flow ratios: NVDA (54.1) and AMD (188.14). This helps visualize how much investors are paying for each company to generate cash flow.
I don't know about you but I am not willing to get in at these levels and although it is very risky I'm tempted to buy some puts against AMD. Yes they have excellent management and a large economic moat, it does not compare to that of NVDA and it should not be benefiting as greatly as it has recently by NVDA's recent performance.
AMD is now approaching the top of a channel that has been strong resistance for higher moves.
It seems like everyone in the market is un NASDAQ:AMD NASDAQ:AMD NASDAQ:AMD der the impression nothing ever falls. Although it would be bold and extremely risky to buy puts on any AI stock I believe it to be the correct one.
Curious to hear others opinions.
AMD:
www.tradingview.com
NVDA:
www.tradingview.com
