Earning Price Action - Gap fill or Major BustJust my thoughts on the trend, not exact science but my best efforts based on last 3 weeks price actions
Do your on research/ this is not adivice
AMD trade ideas
Buy AMD before they report earnings tomorrow..We highly recommend buying AMD into the close today ahead of their Q3 earnings report tomorrow where we are expected to hear a beat in sales and hopefully a better than expected report on the sales of their MI300X AI chip.
I believe that Lisa Sue will give several positive updates on the business and its strategy moving forward which should lead to an incline in the stock price back towards the previous swing highs for the stock around $120/130 a share.
AMD LongAMD is technically bullish if Resistance trendline and 50 DMA is broken. It will be hard but the bounce off of orderblock suggests buying activity is primed for this name.
PS- Not financial advise. Do your own due diligence.
AMD to below 40The giant run up over the last year accomplished one thing: forming a giant glaring lower high. people don't see it, they think we're forming a cup and handle. they are dead wrong. the big stocks with unreal PE ratios are all going to crash back down to earth. We KNOW that the fed cannot fix inflation without a recession and crash. the irrational runup over the last year is just more fuel for the dump. Zooming out to the monthly we can see this happened twice in the 2000's and remember AMD was priced below 2 dollars just a few years back. The giant runup we had since that 2 dollar market is going to almost completely retrace. do not take a long position in the faang stocks, they are a timebomb and they are about to go off.
Some thoughts on AMDI expect AMD in the second half of the November at $86-87 and probability of the bounce will be quite high because:
- there's a level at $86-87
- EMA 200 is expected to be at $86-87
- down trend line at $86-87
- RSI will meet the level at 40
Globally I would expect AMD at $74 in the mid of April 2024 and after this the trend should be reversed and go up.
AMD about to collapseAMD in a massive falling wedge. Looks like it will break by tomorrows open. I'm assuming Powell will be the cause.
AMD EXTENDED/DELAYED BULL FLAG BREAKOUTWith Er just around the corner this is my vision for AMD earnings. The breakout failed only because market sentiment.
AMD Inverted H&S (4H)AMD on the 4 hour chart is creating a possible head and shoulders pattern at a demand/support zone (Blue zone).
Additional confluences:
- Falling wedge at a key support/demand zone
- RSI bullish divergence (Illustrated by blue slanted lines.)
- MACD histogram bullish divergence (Illustrated by blue slanted lines.)
- 4H candles creating a double bottom at the base of falling wedge
Swing Idea: I will watch for price to move above the next resistance at the yellow zone between ($101.46 - $101.72). Creating a higher high than higher low before holding above the yellow zone. This move is Illustrated by the solid black line with the arrow. Being that this is an inverted head and shoulders pattern, I am looking to swing to the neckline which is located at the next major resistance at the red zone above between ($111.09 - $111.77). Stop loss is daily timeframe candle close below $99.07.
TARGETS: $104.67, $106.93, $109.85
STOP LOSS: $99.07
CAUTION: AMD has earnings reporting on October 31st so this will either destroy this trade or put us deep in profit.
AMD Call ( Anti Alt Shark - Shark ) or ?There are 2 scenarios in my mind, both of them cancel if we break last low ( We can reevaluate then ), It's happened a lot with me when we break channel and retest it with HH, so I prefer scenario 1, which is the one that C higher than A, But I will watch the golden fib ratio before that if we assume its wave 2 and we gonna go for wave 3 , And last thing don't forget AMD's next earnings date is ( Tuesday 10/31/2023 After Market ).
AMD NeutralAMD Support at 200MA or $135.
If AMD stays and breaks out of this triangle which its been in for years on the support end and decades on the resistance end, we could see AMD in the thousands of dollars.
My personal opinion is we haven't yet seen the highs of the "AI Bubble."
Feel free to zoom in and out of chart.
ANALYSIS ON AMDDear Traders and Investors,
I'm sharing with you this analysis on AMD to tell you to close your position if you're holding a long trade, as you can see in the chart, the price pulled back on the 0.5 level of the fib and gave us a confirmation, now it's heading towards the 0.6.
For further question, don't hesitate to ask!
AMD tripple bottom or hidden bearish?#AMD still good holding with tripple bottom at 102$ after rejected 105-106$
But we still need be careful with hidden bearish with lower high.
IF #amd break down below 101.7$ will drop to 100$/98$
IF #amd can break out 106$ again, we will see AMD back test 110$
$AMD IS HOTI ll tell you right now, AMD is set to rally. 102 is the starting point to go for the 130. Price bounced at the .705, grabbed liquidity below this 102 and now is retesting it. As soon as the short term downtrend is broken, it will fly.
Trade idea is cancelled below 94.45.
Sytay tuned! NASDAQ:AMD
AMD’s Pullback Could Be EndingAdvanced Micro Devices more than doubled in the first half of the year. Now, after a healthy pullback, the semiconductor stock may be ready to climb again.
The first pattern on today’s chart is the falling trendline along the highs of June, August and September. AMD pushed through that line last week and has remained above it since.
Next, the $105 area was a peak on September 29. Prices tested it on Friday but are now rebounding. Has old resistance become new support?
Third, the current gains are occurring at the 50-day simple moving average (SMA). Further upside from here could turn the intermediate-term trend higher.
Also notice how the bounce started at the 200-day SMA on September 25. That may suggest its longer-term uptrend remains in effect.
Finally, MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA. Those signals could reflect more bullish price action in the shorter term.
The next earnings date is estimated for October 31.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Bullish on AMD.
As you see here on the daily chart, we are bouncing off of a weekly trendline. We are also forming a bullish flag pattern on the weekly chart. So, I would look for a price break above the trend line on the daily chart with heavy volume and look to hold for a few days. This is a beautiful play.
🔥AMD Bullish Trend Analysis🙌AMD broke out of descending triangle pattern on weekly time frame (bullish). I suspect price will rise short/mid-term towards the labeled targets.
Happy Trading 🌕
🔥 AMD BULLISH STRUCTURE 🔥AMD had been in a descending triangle (as shown in chart), and has a weekly close outside of the triangle (bullish). I suspect the assets will grow from here towards the highlighted fib levels in the short/mid-term. I will do my best to keep you updated.
Happy Trading Everyone!
AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: my last update on AMD was published a long time ago, July 29th. In summary, I expected bullishness at that time.
Update:
Analysis of the Structure:
I am now labeling the bullish move of October 2022 to Jun 2023 as a wave (a) of I and since then, we are in wave (b) of I, correcting that whole bullish move.
Wave (b) is developing as a triple zigzag and currently, we are starting wave y of (b). The structure of whole wave (b) has been really messy to count including very complex flat correction.
Analysis of the Cycles:
The low of September 25th was the first 40D cycle trough in the second 80D cycle of the first 20W cycle of the current 40W cycle. We are expecting a 20W cycle trough in the first week of November. This means we should get a huge amount of bearishness going into this trough, also a strong bounce out of it.
The 18M cycle trough is also expected in March 2024, which would be the wave (b) bottom.
AMD Plan14Oct 2023
Support at 102 for AMD
Currently at the top of FVG
Worst case scenario is amd 83-85 dollars
Bounced at 0.65 retracement
currently at 0.5 retracement.
Sold a 100 put 3 weeks out 3rd Nov 23
Made a mistake. went in too early, need more patience. Support is at 102
AMD 3-2 up on the week, potential PMG Outside week (once a 3 always a 3), follow through with a 2 up on the weekly.
Pivot Machine Gun (PMG) potential up North.
As long as it's green on the week, month and quarter Long it is.
Beware: green, but still inside (1) on the month and quarter.
Shooting for 120-130 area towards the end of the year, let's see how it plays out.
AMD BULLISH OCT 13,2023AMD is doing something extra ordinary & I am confident that it should go to to $140 soon.
Watch the analysis carefully &trade as per your risk tolerance.
AMD UPSIDE EXPECTED 13 OCT,2023AMD has completed its price & time correction. Entry around 103 and SL 99 will give us huge targets.
