AMD
AMD has an interesting weekend and (possibly) week ahead. Wow, is all I can say about AMD. It has been a killer week filled with rallies and bleeds spawning from thin god-damned air. What has caught my attention, is this multi-day Head and Shoulders, picture perfect on the 1hr. We saw the usual bleed after right shoulder formulation which allowed us to see these clear supply and demand zones(consisting of a 4 hour supply, 1 hour supply, and a 1 hour demand), and AMD actually bounced off of 2 of 3 of these derived zones as seen in the photo. AMD continued to do AMD things for a bit after the H/S bleed. Now we see many hours candles touching this 109.87 range, 3 times to be exact. In my conclusion, we should see AMD hold between 109.87 to 115.39 (which is the end of the 1 hour red-highlighted supply zone) for the weekend, until institutional and retail investors have their hands on deck come Monday.
Say AMD happens to fall below 109.97 resistance? Simple, I see AMD falling to 102.75 to enter that demand zone it had previously bounced off of and can make for a nice put setup. (ORANGE LINE)
Say AMD happens to break that supply zone completely, what now? Well, one of our derived zones is still pure, untouched. We should see a push to 118.05 setting up for a nice call setup, which is the gate to the demand zone. Here would be an instance to set a rather conservative SL (if one hasn't been set already), this zone has yet to prove its validation and I would hate for someone to lose their money chancing a demand zone invalidation. (GREEN LINE)
Let's make some money boys (or girls), peace.
AMD Break Inbound? Advanced Micro Devices - Short Term - We look to Sell at 99.06 (stop at 103.51)
The medium term bias remains bearish. We look for losses to be extended today. This move is expected to continue and we look to set shorts at good risk/reward levels. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 84.22 and 79.31
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 84.00 / 72.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AMD is Looking Heavy with Significant Downside PotentialAMD reached an all time high of 164$ on Nov 30, 2020. Since then it has been retracing lower with price currently at 100$ psych level. The stock looks heavy. I expect the price to continue to chop its way lower toward the 72.5$ price point as a target. Analysis is void if price rises above 132.5$.
AMD Aimed LowerAdvanced Micro Devices - Short Term - We look to Sell at 120.45 (stop at 126.99)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 121.00. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 101.28 and 85.50
Resistance: 120.00 / 145.00 / 155.00
Support: 100.00 / 85.00 / 72.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AMD will stay calm for a while???I think AMD will experience a sharp move between March 17-31.
But
before that, it will fluctuate in the triangle zone..!
As you can see I have activated Rectangle, triangle, pennant, and wedge pattern detector..!
These indicators seem useless and they work retrospectively..!
Such a disappointment..!
Hope to see a better version soon..!
Best,
Dr. Moshkelgosha M.D
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Long AMD off Inflection and Intraday SetupThis morning several tech stocks including AMD, NVDA, and ETSY which I have on my Spike Alerts setup a short term, 30 minute timeframe, spike right at the 1/24 and 2/24 lows. This sets up an opportunity for a low risk entry for a long term hold on either of these three stocks. AMD NASDAQ:AMD is my pick of the three because I have no current positions. See below for the 30 minute setup...
AUDCHFClassic AMD Trade In SnD Schematic
Daily Time-frame On The Left Breakdown
Using The PD Arrays We Have Identified That Price Is At Discount Price Prior To The Latest 2021(Nov & Dec) Swing High And Swing Low
We'll Be Looking To Frame Sell Setups That Would Meet The PD ARRAYS
Discount PD Arrays
> Old High
> Rejection Block
> Bearish Orderblock
> Fair Value Gap
> Liquidity Void
> Bearish Breaker Block
> Bearish Mitigation Block
Let's Checkout Our PD ARRAYS
> Old High ✔️
> Rejection Block (Not Found In The HTF)
> Bearish Orderblock (Labelled $$$> Which Acts As A Supply Zone Also) ✔️
> Fair Value Gap ✔️
> Liquidity Void ✔️
> Bearish Breaker Block (Pending)
> Bearish Mitigation Block (Pending)
We Looking For A Small Pullback to Filled The Liquidity Void Which Will Validate The Setup On The Right , The STF Setup.
2H Time-frame On The Left Breakdown
We Have Divergence , Oscillator Showing That Price Failed To Make Higher Highs, We'll Apply That As A Reversal Symbol Followed By Reversal Price Actions
Rising Wedge Pattern Formed , Yet Hasn't Broke Out
Wedge Patterns Usual Form Reversal Patterns Like Head And Shoulders And M-Formations OR Both
The Reversal Pattern Will Determine Our Directional And Entry Point
We Have A STF Classic AMD Trade , Our A Box Is Complete
> M = Has Already Set In We Waiting For The D Movement To Take Out The Low And Retest At The Equilibrium Of The A BOX
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ALL IN @ 100!Im not sure where exactly people are seeing this stock go below $99. people are seeing $70 and i just dont see that. but the support is very strong on the weekly and monthly chart @ 99! Regardless this is a great company i recommend adding to your long term, as i am not much of an options trader. this will fly back to new highs before you know it! The only thing that would invalidate and break this strong trend is a break under $95. i am long 100 shares @ 109. Good luck happy trading! hope to look back at this post in a few months with pure joy! would like to hear your opinions!