There is still room above of AMD stock !There is still room above of AMD stock !
This chart shows the Line chart of AMD shares in the last two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent high point of AMD stock happens to be 1.000 level of the top to bottom golden section in the figure, and the recent wave of long start bits also happens to be 2.382 level of the top to bottom golden section in the figure! So, in the future, the probability of AMD stocks will continue to break through upwards, test the 0.618 level of the golden section, and then fall back, fluctuating and weakening!
AMD
AMD -> Almost Ready For Another PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD just recently perfectly retested and already started to reject a major previous weekly structure zone at the $130 level.
You can also see that the next weekly support zone is at the $100-$105 area - I definitely do expect AMD to retest this support before I then do expect some bullish rejection and an overall continuation of the underlying uptrend.
On the daily timeframe you can see that AMD just created a beautiful double top formation which is a classic bearish reversal pattern so there is the possibility that we will first see more downside to retest the $105 support before we will then see a bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD to $140 very soon - AI Bubble WaveAMD I expect to see a move higher to $140 in he coming weeks. We have closed the gap and now I see us finding support at the 50 day EMA which will lead to a reversal back to the swing highs and beyond.
This is a AI bubble which has only just begun... many of you reading this may not agree with many valuations including AMD, however I would encourage you to ride this AI wave as you can make a lot of money from it as it still has a long way to go.
AMD to close its gap?Advanced Micro Devices - 30d expiry - We look to Sell a break of 115.68 (stop at 122.08)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
We have a Gap open at 25/5 from 108.27 to 117.31.
A higher correction is expected.
We are trading at overbought extremes.
In our opinion this stock is overvalued.
Our profit targets will be 100.68 and 97.68
Resistance: 125.00 / 132.83 / 135.00
Support: 115.80 / 108.00 / 102.00
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A month earlier, on the 20th of May, Tradingview introduced its new Rewards Program .
Sharing is powerful, right!? The TradingView community thrives on fantastic members who share their knowledge, experience, successes and sometimes even their failures. Interaction, open discussion and self-expression are the keys to understanding.
In the spirit of sharing, the TradingView team, believing it is fair that outstanding contributions are rewarded, has decided to thank their dedicated contributors. The TradingView Wizards program was recently launched to bring out the real wizards.
Inspired by this, TradingView has also launched a new pilot program that rewards authors whose ideas and scripts appear in the Editors' Choice section.
In the event that your idea or scenario becomes an Editors' Choice, your work will not only be featured to the entire TradingView community, but you will also receive a cool $100! If several of your publications are selected during the month, you will be charged for each. Learn more about the program and its terms and conditions in this Help Center article .
This pilot program is just the first step towards content monetization. TradingView promises to keep adding new ways to motivate great creators to enrich the community.
At the first stage, authors are rewarded for those ideas and scenarios that have become "Editor's Choice" in the international part of the TradingView community (only in English).
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I must confess on my own behalf that the TradingView Editors Team has A REALLY VERY GOOD TASTE. For all the time I spent on the TradingView website (that is almost eight years), I have become the author of more than 300 publications, and the best of them have rightfully become to an "Editors' Choice" column.
And so, just literally two months earlier, in April 2023, two of my publications became "Editor's Choice" again, in the international part of the TradingView community (in English).
The first one is 😀 SVB Crisis Is Over?! What S&P500 and VIX Are Talking About was dedicated to the US S&P500 index SP:SPX , while the market began to show the first signs that the Silicon Valley banking crisis was over. More details can be found on the publication page .
In the second publication - Occidental Petroleum Corp.: Bullish Bias. Continuation I've considered with technical aspects and opportunities of Value Investment Assets. Incl. NYSE:OXY - one of the legendary 92-year-old American investor Warren Buffett favorites, Occidental Petroleum corp.
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AMD Bearish Short TermTwo weeks ago, I published a bearish trading idea on NASDAQ:AMD saying that I would go short if it broke $115.80. Apparently it didn't break, so didn't take any trades. Here is the link to that post:
This week, we have an interesting scenario. Its a double top on daily chart and an outside bar. Additionally there is a divergence on stochastics. On weekly chart its a failed 2U. Its seems overextended and stochastics is overbought.
Idea is to go short at low of Friday's candle ($119.90). This will trigger a 3-2D on daily and a 2U-2D on weekly. Target could be at least $115.
6 Big Tech Stocks Price Action Trend Guide |Support & Resistance- QQQ and SPY still very healthy pull back on the daily chart. although QQQ is definitely extended, but still want to see bears prove it to us first in the price action (changing of trends)
- TSLA relative strength compare to QQQ filled its gap.
- AMZN and GOOGL weaker, still cant get over its side ways range.
- MSFT and AAPL trading in its ATH range no red flags at all on its charts yet
- NVDA small red flag break of yesterdays double top with no bulls follow through and came back into the range, still need structural changes on the daily chart for it to really have any meaning
- AMD daily downtrend confirmed today
Is AMD topping out AMD's Sideways Consolidation and Bearish Harami Signal
In the market analysis, it has been observed that Advanced Micro Devices (AMD) exhibited a bearish harami candlestick pattern on the 4-hour chart, indicating a potential reversal in the stock's price direction. This pattern occurred after a period of sideways movement within a 14-point range, spanning over the past 15 days.
The bearish harami pattern suggests a possible shift in market sentiment, with the potential for a downward movement in AMD's price. The pattern consists of a small candlestick, usually representing a trading day with a narrow price range, that is completely encompassed within the previous day's larger candlestick. This formation indicates a potential weakening of the bullish momentum and a potential reversal towards a bearish trend.
Furthermore, the preceding period of sideways consolidation, marked by a range of 14 points, indicates a lack of significant price movement or direction. This consolidation phase often signifies a period of market indecision or equilibrium between buyers and sellers. Traders and investors closely monitor such consolidations as they may anticipate a breakout or breakdown from this range, potentially leading to a new trend.
Considering the combination of the bearish harami pattern and the recent sideways consolidation, market participants should exercise caution when trading or investing in AMD. Traders may consider waiting for further confirmation of a potential downward move, such as a break below a key support level or the development of additional bearish candlestick patterns. Similarly, investors might reassess their positions and monitor the market closely for any significant developments that could influence AMD's future price trajectory.
As with any market analysis, it is important to keep in mind that price movements in financial markets are influenced by a variety of factors, including market sentiment, economic indicators, company-specific news, and broader market trends. Therefore, it is advisable to conduct comprehensive research and utilize additional technical and fundamental analysis tools to make well-informed investment decisions.
AMD -> Wait For This SupportHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that AMD stock is currently retesting and already starting to reject a quite nice previous weekly resistance area at the $130 level.
You can also see that the overall uptrend is still valid, after the recent 50% pump AMD is definitely ready for a correction though so I am now just waiting for a correction back to the next support zone at the $105 level before I then do expect more continuation towards the upside.
On the daily timeframe you can see that market structure is still bullish, I am also not really interested in actually shorting AMD, instead I am waiting for a retest of the $105 area and some bullish confirmation and then I do expect another rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Stock Market Death Cross, Impending Earnings RecessionRSP was trading below the 200 day moving average in the after hours. I wonder if it is going to open that way tomorrow. Also the 63 day moving average, which represents the quarterly moving average has fallen below the 200 day moving average as well. Not too often does this happen and more downside doesn't follow in the weeks to come.
From a pivot point perspective the total market is also trading below the pivot entering the month of June signaling that although mega caps have rallied in a major way, the average analyst consensus is a bearish stance. I say that as we've recently seen recent reports that further margin contraction is under way and an earnings recession later in the year is coming.
Check out the Equity Channel Podcast on Apple, Amazon and Spotify to learn more about stock trading and investing.
AMD Bearish to test the gap fillAMD gapped up on Thursday 25th May 2023. Adter 2 days of run up, AMD is showing certain weakness. This could be a good "back to the mean" play (20 EMA). My idea is to go bearish if it breaks the low of the 25th May candle ($115.80 - Blue Line). Target would be the high of the day prior ($127.43) or to be safe the high of 23rd May ($110.99 - Green Line). Stop loss is at high of 30th May ($130.79 - Red Line).
AMD Short to medium termOn short term AMD possibly finished a wave 3 and is going down in a 4 that will probably take some time. Reaction zones 86.28, 81.32 and 76.45-78.78. If it's bullish enough then maybe 0.618 retracement would not be reached. However if this level will be broken, I expect a bigger drop to at least wave 1 origin @54.7x. Wave 5 should at least reach 106.08-124.xx and then a bigger 2 will come.
On the bright side, AMD almost reached, on 13 days time frame, an oversold level that was previously reached in September 2015
AMD - BREAKOUT AND PULLBACK ON KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
PATH - Rising Volume Lifts PricesOn the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was
in a narrow range. In May as can be seen on the indicators, both volume and more especially
volatility have increased significantly. The chart pattern is now that of an upward facing
megaphone reflecting the volatility. The strength momentum band is much wider. Price
is above the POC line of the volume profile reflecting a bullish dominance. Fundamentally,
PATH is a player is the exploding AI subsector. Cathie Wood is quietly accumulating shares for
her ETFs as are many other large portfolio investors. In summary, PATH appears to be
an excellent long setup. Sitting in the shadows of NVDA, MU, TSM and others whose focus is
hardware, PATH provides software and services it. Its path to hypergrowth and so price
appreciation appears to be abundantly clear.
$AMD , Analysing Trends, Patterns, and IndicatorsNASDAQ:AMD
Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
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In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you.
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Goodbye overpriced assets $NFLX $AMDTrend indicates more downside to come, I made a chart on Netflix a year or more ago now saying to buy, I believe this opportunity is over now/soon, we're now getting to a quarterly entry NASDAQ:NFLX NASDAQ:AMD
Not to mention the PE ratio on AMD and many other stocks. Gains to be made.