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AMD trade ideas

AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
NASDAQ:AMDLong
by itay1542
1
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA. It's discernible that AMD may have some cyclicality in its price action. For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period. AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade. Aug 16 180C. Invalidation is if we drop below 160.
NASDAQ:AMDLong
by limit_buy_69
$AMD #CupNHandle still has plenty of #MeatOnTheBoneI got greedy today and played some weekly 185C , thankfully not too greedy and took profits after they went 2.54 -> 4.00 = done for day... lol But I think they *MarketMakers , thought it was ... "so nice, they're running it TWICE" 185C 7/12 are highly actionable imo... #Internals has nice #Bullflag look on the hourly... I put the flag pole and what "mathematical" continuation hypothetically could n SHOULD be... 195 EOW 7/12 = Possible 200 touch by End of Month = Probable -Prophecies Save on TradingView with my Referral link; www.tradingview.com
NASDAQ:AMDLong
by Prophecies_R_Us
32
AMD: Daily and Weekly Charts Analysis.The chart for AMD shows several significant technical patterns indicating both potential resistance and support areas that we should closely monitor. On the daily chart, AMD is trading within an ascending channel. This pattern, characterized by higher highs and higher lows, typically signals an overall upward trend. Currently, the price is approaching the upper boundary of this channel, around $187.69, which has acted as resistance in the past. This resistance level is further reinforced by previous price rejections, indicating a strong supply zone around this price point, as evidenced by the red arrows. If AMD manages to break above this resistance convincingly, it could pave the way for further bullish momentum. However, a failure to break above this resistance might lead to a pullback towards the lower boundary of the channel. AMD needs to react above the $174.55 in order to avoid losing momentum. On the weekly chart, AMD shows a clear pivot point around $174.55, aligning with the support level identified on the daily chart. The bullish bias is also reinforced by a long-term ascending trendline, which has been providing support for the price. The weekly chart suggests a strong uptrend as long as the price stays above this trendline. Any pullbacks to this trendline could be seen as buying opportunities, provided the price action shows signs of support. Conversely, a break below this trendline and the $174.55 level could indicate a more bearish outlook, potentially leading to further declines, officially reversing the long-term bull trend. In summary, AMD's chart demonstrates a bullish bias within an ascending channel on the daily chart and a supportive trendline on the weekly chart. Key levels to watch include the resistance around $187.69 and the support around $174.55. A breakout above the resistance could signal further upside potential, while a failure to break above it or a breakdown below the support and trendline could suggest a shift towards a more bearish scenario. For now, we should closely monitor these levels and look for confirmation through price action before making trading decisions. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD in a strong bullish trendAMD in a strong bullish trend The price completed a bullish pattern and AMD is well positioned to start resume the bullish trend. In all time frames, AMD is in a very strong uptrend and the bullish pattern we have currently confirmed the end of the bearish correction and AMD may test the top again. The first target will be found near 186 and a very strong target near 213 However, AMD may rise even more than our projected targets. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:AMDLong
by KlejdiCuni
7
$AMD on watch. 200C 7/19 #DiamondPrevious resistance line acted as nice support with a #Diamond bottom. I like this as a lag play behind NVDA. Plus I think NVDA COULD be a sell the news event this week, at least tomorrow 6/10, I think the dip should be bought (when is the question, bubble territory but i will tell you from experience, they all said the 2020 TSLA split was gonna crash the stock, it did NOT, in the end haha... Posted that resistance line breakout play weeks/months ago? Will link idea; Not jumping in right away, patience pays. Stay tuned for updates... - Prophecies R Us
NASDAQ:AMDLong
by Prophecies_R_Us
13
The Rising Star in the Semiconductor SectorOverview Advanced Micro Devices (AMD) is gaining significant attention and is poised to be the next major player in the semiconductor industry. With a strong forecast for growth, AMD's advancements in technology and strategic positioning make it a compelling investment. Technical Analysis and Fibonacci Retracement Recent technical analysis using Fibonacci retracement levels suggests a strong bullish trend for AMD. The stock has shown resilience and growth potential, bouncing back from key support levels and aiming for higher price targets. Key Factors Driving AMD's Success Innovative Products: AMD's advancements in GPU and CPU technologies, including their new MI300X series GPUs, are setting new standards in the industry. These products offer superior performance compared to competitors, particularly in AI and data center applications. Market Positioning: AMD is positioning itself as a leader in the 3D chip field, competing directly with giants like Nvidia. Their commitment to innovation and strategic acquisitions has solidified their market position. Strong Financials: Analysts predict robust financial growth for AMD. The average 12-month price forecast for AMD is around $195.59, with some analysts predicting highs up to $265, indicating significant upside potential from the current price​ (Stock Analysis)​​ (InvestorPlace)​. Analyst Confidence: The consensus among analysts is highly positive, with many maintaining strong buy ratings. UBS, for example, recently raised its price target for AMD to $220 per share, up from $135, reflecting confidence in AMD’s revenue growth from GPU sales​ (InvestorPlace)​. Investment Potential Given the technical indicators and strong market fundamentals, AMD appears to be an excellent investment opportunity. The stock's performance aligns well with the broader trends in the semiconductor sector, where demand for high-performance computing and AI capabilities continues to surge. Conclusion AMD is set to be a major force in the semiconductor industry, driven by innovative products, strategic positioning, and strong financials. Investors looking for growth in the tech sector should consider AMD as a top pick.
NASDAQ:AMDLong
by DrSaud1
AMD a great stock to have in your portfolio to the end of yearLast time we looked at the Advanced Micro Devices (AMD), we made a short-term call (June 20, see chart below) at the bottom of the Bull Flag, with the price responding flawlessly, and is currently on its way for a Higher High on our $190.0 Target: Before that, it was on May 15 (see chart below) where we called for a buy exactly at the bottom of the cyclical correction/ Bearish Leg of the 2-year Channel Up: Just a quick reminder, it was back in March when we waved the strongest 1W sell signal on AMD and it surgically delivered (chart below): In any event, back to today, the price has just broken above the 1D MA100 (green trend-line) and established the last two trading sessions there. With the 1D RSI approaching the 70.00 overboughr barrier, we are on the exact same level that AMD was during both previous Bullish Legs (circle). This suggests that we are only at the very start of the new Bullish Leg and based on the Sine Waves, it should start peaking end of December - start of January 2025. We are moving our long-term Target higher to $320.00. ------------------------------------------------------------------------------- As you see, we couldn't have gotten a more efficient long-term buy entry than that and the stock has basically confirmed the start of the new uptrend/ Bullish Leg ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
2