Amd - It's now time to take profits!🎰Amd ( NASDAQ:AMD ) is sitting at major resistance:
🔎Analysis summary:
This month Amd created an incredibly rally of about +35%. But looking at the higher timeframe, this just happened after a significant all time high break and retest. With the current retest of the major resistance trendline though, we could see a reversal.
📝Levels to watch:
$275
Trusting the Trading Gods🙏🏻
Advancedmicrodevices
Amd - Heading for new all time highs!🎉Amd ( NASDAQ:AMD ) is smoking all bears:
🔎Analysis summary:
Just a couple of days ago, Amd created a textbook bullish break and retest. And with bullish confirmation about to be created, Amd is showing some significant strength. New all time highs are totally possible during 2026 and they seem to be just a matter of days.
📝Levels to watch:
$200 and $300
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD Pullback Complete? Momentum Signals Say Watch Closely🚀 AMD – NASDAQ | Market Profit Playbook (Swing Trade)
🎯 Bullish Layered Entry Setup + Macro Factors
📌 Asset: Advanced Micro Devices, Inc. (Ticker: NASDAQ:AMD • NASDAQ Equity)
📈 Setup Type: Bullish Swing Play — Momentum + Pullback + Macro Support
📊 Timeframe: Swing / Multi-session
📍 Trade Plan — Bullish Thief Strategy (Layer Entries) 💰
Market Bias: Bullish continuation confirmed when price respects strong moving average pullback levels and accumulates buyers.
Strategy: Thief Style Layered Buy Limits 🧵
🔹 Buy Zones (Layered Limit Entries):
• 🛒 Layer 1: 205.00
• 🛒 Layer 2: 210.00
• 🛒 Layer 3: 215.00
• 🛒 Layer 4: 220.00
(You may extend layers above or below based on market context & risk tolerance)
💡 Layered limit orders help scale into the position during volatility and liquidity troughs for smoother basis.
🎯 Targets & Exits
📌 Primary Target: ~260.00 🚀
• Psychological resistance & overbought trap zone 👮♂️ — profit taking recommended as momentum stalls.
• Adjust partial exits as price approaches key levels.
⚠️ This is a range target — feel free to scale in/out based on price action, RSI divergence, trend strength.
🚨 Risk Management
🔻 Stop Loss: 195.00 — risk defined zone below major support.
📌 You choose your own SL — manage risk as per your trading plan.
🔍 Why This Setup Matters (Realtime Catalysts)
📊 Fundamental & Macro Drivers
🧠 AI and Data Center Demand: AMD’s data center business continues to expand with strong AI GPU & EPYC CPU adoption; record Q3 2025 revenue + partnerships with OpenAI & Oracle boost structural growth narrative.
💼 Strong Analyst Support: KeyBanc and other analysts reaffirm overweight views with robust targets, reflecting rising hyperscaler demand.
📈 Sector Momentum: Broader Nasdaq strength driven by tech & AI sentiment supports semiconductor plays like AMD.
🌍 Economic Factors to Watch
📊 Semiconductor Market Growth: Global market projected to expand significantly by 2025-26, fueled by AI, HPC & cloud infrastructure.
💡 Inflation / Cost Pressures: Ongoing inflation & supply chain costs continue to impact margins — track CPI & producer price data for risk gauges.
📉 Interest Rates: Any shifts in Fed policy or rate expectations can influence tech valuations quickly — watch upcoming FOMC dates.
🔗 Related Pairs / Correlations to Watch
🪙 Tech & Semiconductor Peers
• NASDAQ:NVDA (NVIDIA) — closely correlated AI / GPU leader
• NASDAQ:INTC (Intel) — fundamental demand indicator for chip cycle
• NASDAQ:AVGO (Broadcom) / NASDAQ:MU (Micron) — memory & connectivity cues
💡 Strength in peers often supports AMD momentum — divergence may signal rotation or sector rebalancing.
🛠 Technical Edge + Trader Sentiment
📌 Momentum Confluence:
• Pullbacks to key moving averages often trigger institutional buy pressure.
• Layered entries capture volatility while smoothing risk.
📌 Oscillators:
• Overbought RSI warns of profit zones near targets — taper positions accordingly.
📌 Market Structure:
• Watch for higher highs & higher lows formation for trend confirmation.
❗ Notes for Traders
• This is a plan template — adapt based on live price action.
• Always adjust layers, risk, and targets based on volatility & liquidity.
• Disclaimer: This is Thief style setup with fun rhythm — your execution + risk discipline matters.
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
📌 Disclaimer: This is thief style trading strategy just for fun.
AMD Massive -60% Bear Cycle confirmed.More than a month ago (February 02, see chart below) we gave a strong Sell Signal on Advanced Micro Devices (AMD) with the price reacting immediately to the downside, breaking below its 1D MA100 (black trend-line):
That break-out has technically confirmed the new Bear Cycle based on the previous two corrections of the 6-year Channel Up.
In cyclical symmetry terms we are approaching the 0.236 Time Fibonacci level (orange vertical), which is where the price got close to the 1W MA50 (blue trend-line), which is where we are now. Assuming of course the minimum Cycle length of 315 days of the 2022 Bear Cycle (2024 was longer at 399). Notice also the 1W RSI which just hit the 46.50 symmetrical level of those spots.
As mentioned on the previous analyses, the two previous Bear Cycles both bottomed a little above the 0.786 Fibonacci retracement level from the previous Low of the Channel Up, keeping the 1M MA100 (red trend-line) intact as the market's long-term Support.
As a result, our $115 long-term Target remains intact, which is a relatively modest one as it is closer to the 0.618 Fib but at the same time could make contact with the 1M MA100. Still, if the 1W RSI hits the 32.25 Support first, we will turn into long-term buyers regardless of the price of the stock at the time. The reason is that this level has offered the most optimal buy entries on both previous Bear Cycles.
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AMD Shares Surge After High-Profile Deal With Meta PlatformsAMD Shares Surge After High-Profile Deal With Meta Platforms
Yesterday, it was reported that Advanced Micro Devices (AMD) has expanded its collaboration with Meta Platforms. The companies struck an agreement under which:
→ Meta will purchase AMD equipment with a total capacity of 6 gigawatts for its AI infrastructure. Deliveries are scheduled to begin in the second half of 2026.
→ AMD’s portfolio could include around 160 million META shares, representing roughly 10% of the company.
The market interpreted the news as a signal that AMD is successfully establishing itself as the second major chip supplier to tech giants, challenging Nvidia’s monopoly (incidentally, the market leader is due to release its quarterly report today).
Following yesterday’s trading, AMD shares jumped more than 8%, closing near the highs on rising volume—a bullish sign. This partially offset the decline seen after the early-February earnings report, which was influenced by falling margins, supply chain issues, concerns over deliveries to China, and other factors.
Technical Analysis of AMD Shares
Analysis of AMD’s chart indicates that the ascending channel (shown in blue), which guided price growth throughout 2025, is losing relevance.
Currently, AMD’s shares are trapped between two gaps:
→ Support is provided by the bullish gap from 6 October, which includes the psychological $200 level, offering additional support for buyers.
→ Resistance comes from the bearish gap of 4 February, which aligns with the median of the descending channel (shown in red).
It is reasonable to suggest that yesterday’s positive news offset the earlier negative sentiment, and in the short term, AMD shares may stabilise between the areas of the identified gaps.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Amd - Higher and higher this stock goes!🎁Amd ( NASDAQ:AMD ) still remains totally bullish:
🔎Analysis summary:
Amd just remains one of the most bullish stocks at the moment. And while the recent correction of -30% was totally expected, this stock is already back at support. Either here or at the next support lower Amd will create a bullish reversal and head for new highs.
📝Levels to watch:
$200 and $175
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD - Going DeeperLet’s continue the outlook on Advanced Micro Devices.
In the previous idea, we identified Wave C :
The advance from early April 2025 can be broken down into a five -wave structure.
Since October 2025, AMD has been in a corrective phase.
At this point, it appears the correction is likely to go deeper.
It’s difficult to define precise levels, as AMD’s price action includes many gaps - both during advances and declines.
The entire structure in AMD can be interpreted as a diagonal.
For now, the focus is on the final leg of the prior advance, which appears to be a terminal move. A key characteristic of AMD is that its uptrends rarely end with shallow pullbacks - corrections are typically deep, often exceeding 60% .
In this case as well, price is likely to move back toward the start of the last bullish wave.
Before that, a smaller wave C may still develop, potentially pushing price toward the 220 area, after which a broader decline is expected.
Preliminary targets:
133-101 range
or lower
Potential move from current levels: ~31-47% .
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AMD — Everything Looks BadSince October 2025, AMD stock has been correcting.
Waves A and B have formed, and it appears that Wave C has begun to develop.
The correction type is flat .
Wave C is forming as a five -wave impulse.
Key targets:
218 — local correction
200 — the most likely end of the impulse, located in the 50–60% range of the larger Wave 5
189
The potential move from the current level is 15–20%.
We assume that the stock may move lower after the initial targets are reached.
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AMD Shares Drop As Forecast Comes Up Short of Some ExpectationsAdvanced Micro Devices (NASDAQ; NASDAQ:AMD ) reported fourth-quarter earnings that topped expectations, but the company’s first-quarter forecast fell short of what some analysts were expecting amid an AI spending boom.
The stock fell Tuesday as much as 8% in extended trading.
Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended in December:
EPS: $1.53 vs. $1.32 expected
Revenue: $10.27 billion vs. $9.67 billion expected
For the first quarter, AMD said it expects $9.8 billion in revenue, plus or minus $300 million, versus expectations of $9.38 billion. Some analysts, however, were expecting AMD to provide stronger guidance as customers continue to ramp up spending for the chips necessary to power AI models.
Net income climbed to $1.51 billion, or 92 cents per share, versus $482 million, or 29 cents per share, in the year-ago period. AMD’s overall revenue was up 34% on an annual basis.
Technically, the shares of NASDAQ:AMD have depicted a bullish flag pattern already breaking the ceiling of the flag however, shares of NASDAQ:AMD are down 8.8% in Wednesday's premarket trading with the RSI at 55, this might be a precursor to further dip coming through.
However, according to 35 analysts, the average rating for AMD stock is "Strong Buy." The 12-month stock price target is $251.91, which is an increase of 4.05% from the latest price.
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the rally:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 245usd strike price Calls with
an expiration date of 2026-2-27,
for a premium of approximately $17.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$
AMD Will this Double Top start the new Bear Cycle?Advanced Micro Devices (AMD) has been practically consolidating since its October 27 2025 High between the Resistance it created and the 1D MA100 (black trend-line) that served as Support in November - January, holding firmly.
Two weeks ago the resulting 1D MA100 rebound got rejected on that Resistance, making so far a technical Double Top, prolonging the ranged trading. Such consolidation is typically price behavior on market Tops. Technically it is similar to the way the previous Bullish Legs of AMD's 6-year Channel Up.
Well it appears we are at the end / Top of the 2025 Bullish Leg as it has already approached the Channel's top (Higher Highs trend-line). At the same time, the 1W RSI got rejected on its own 6-year Resistance, which has marked the Channel's two Tops. Based on he 1W RSI analogy, we may be currently where the red arrows point on the 2024 and 2022 Bearish Legs.
Even though the Bullish Leg could technically extend as high as the 1.236 Fibonacci extension (like the previous did), the focus of a long-term investor should be to buy (much) lower, preferably as close to the 1M MA100 (red trend-line) as possible, in stead of chasing what could be the last days of this rally.
The last two Higher Lows of the Channel Up (and Bearish Leg bottoms) have been priced just above the 0.786 Fibonacci retracement level, so we are more than fair calling a $115.00 Target just under the 0.618 Fib based on the current trajectory of the 1M MA100.
Notice also that both previous Bearish Legs got confirmed after the price broke and closed a 1W candle below the 1D MA100. If you want to wait, use that when it happens, as a Sell Signal confirmation.
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Amd - This correction is not over yet!🤬Amd ( NASDAQ:AMD ) can still drop another -30%:
🔎Analysis summary:
2025 has been an incredible - yet expected - year for Amd. And now, Amd is literally just perfectly rejecting the overall resistance trendline. Looking at higher timeframe structure, Amd is still not done with the drop and can correct another -20% to -30% soon.
📝Levels to watch:
$175
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Amd - This stock is just crashing!🎯Amd ( NASDAQ:AMD ) is clearly heading lower:
🔎Analysis summary:
After we witnessed a major bullish break and retest in April of 2025, Amd rallied about +150%. But with the recent rejection at the major resistance trendline, Amd is now reversing. Following this bearish market structure, Amd can still correct about -25%.
📝Levels to watch:
$150
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD started the A.I. Bubble's final Bear Cycle.2.5 months ago (October 27, see chart below), we gave a bold sell signal on Advanced Micro Devices (AMD), which at the time was against the prevailing bullish market sentiment but started to pay off immediately as the market topped and got rejected:
We still view that Top as the Higher High of its 6-year Channel Up, hence expecting the rejection to evolve into a technical Bearish Leg (Bear Cycle), targeting $110.00.
On today's analysis, we take the long-term horizon a step further as we go back to 1984 and the start of AMD's multi-decade Higher Highs trend-line, a Resistance level that has historically pushed the stock to its key market Tops.
On this 1M time-frame, we have pointed out the Dotcom (Internet) Bubble comparing it with the current A.I. Bubble. As you can see there are strong similarities between the two eras and more specifically the symmetry among their Bullish and Bearish Legs. As mentioned on the previous analysis, the current fractal has technically topped, and is now starting the new Bearish Leg towards $110 and the 1M MA100 (green trend-line).
During the Dotcom Bubble when that corresponding final Bearish Leg was completed, the market started is final parabolic rally that peaked marginally above the 1.618 Fibonacci extension and the Bubble burst.
For investors that have a long-term multi-year horizon, that translates for the A.I. Bubble into a $435 Target by 2030.
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AMD Hull MA Pullback: Strong Upside Projection Ahead!🔥 AMD Profit Playbook — Hull MA Pullback Power Move 🔥
Asset: AMD – Advanced Micro Devices Inc.
Market: NASDAQ
Style: Day/Swing Trade Profit Playbook
📈 Trade Thesis
The bullish structure stays intact with a clean HULL Moving Average pullback confirming continued upside momentum. The flow remains constructive as long as price respects trend behavior and avoids deep retracements.
🎯 Entry Plan
You can enter at any valid price zone based on your personal system, confirmation signals, or preferred demand levels. Traders use different timing tools — choose what aligns with your process. ⚙️📊
🛑 Stop Loss Zone
SL: 160.00
This is the “Thief SL” level — tight, sharp, and designed for aggressive traders only.
Note: Dear Ladies & Gentlemen (Thief OG’s), this is not a mandatory SL. Choose your own SL based on your risk appetite. Your money = your responsibility. Stay smart, stay safe. 💼⚠️
🎯 Take Profit Targets
Target 1 → 236.00
📌 Strong resistance + trap + liquidity pocket — smart place to escape with clean profits.
Target 2 → 260.00
📌 Heavy resistance + overbought zone + trap formation — high-reaction level, so secure profits before the crowd reacts.
Note: Dear Ladies & Gentlemen (Thief OG’s), TPs are guidance only. You decide your exits. You make money → you take money at your own risk. 💸🫡
👀 Related Pairs to Watch (Correlated / Sector Influence)
These tickers often react together due to semiconductor sector rotation, AI-demand cycles, and ETF weightings:
NASDAQ:NVDA
– Direct peer. Moves with AI spending cycles. Large swings can influence AMD sentiment.
NASDAQ:SMH (VanEck Semiconductor ETF)
– Sector trend indicator. If SMH pumps, AMD usually follows.
NASDAQ:SOXX (iShares Semiconductor ETF)
– Broad chip-market strength gauge. Market-wide chip themes impact AMD direction.
NASDAQ:QCOM
– Tech-chip correlation, especially during macro chip-cycle expansions.
NYSE:TSM
– Manufacturing leader. Capacity signals often impact AMD pricing expectations.
Watching these pairs helps you gauge risk-on/off behavior across semiconductors and improves timing on AMD entries/exits. ⚡📊
📘 Final Notes
This setup is crafted for fun with a “thief-style trading twist”, but still aligned with proper technical structure and TradingView’s rules.
Nothing here is a financial recommendation — just pure charting vibes, strategy style, and technical storytelling. 🎨📉📈
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
Disclaimer:
This is thief-style trading strategy just for fun. Not financial advice. Trade responsibly.
#AMD #NASDAQ #SwingTrade #DayTrade #HULLMA #BullishSetup #LiquidityZones #Semiconductors #SMH #SOXX #NVDA #TSLAstyleCharts #PriceAction #TechnicalAnalysis #ThiefStyleTrader 🚀🔥
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the previous earnings:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2026-9-18,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AMD Shares Fall Despite Strong NewsAMD Shares Fall Despite Strong News
It emerged this week that the US government, together with Advanced Micro Devices (AMD), has launched the “Mission Genesis” initiative aimed at boosting national computing power through advanced supercomputing. The project is expected not only to significantly expand federal computational capacity but also to increase AMD’s revenue.
Nevertheless, AMD was among yesterday’s weakest performers. Market sentiment has been dampened by concerns over intensifying competition from Google. According to media reports:
→ Google’s TPU (Tensor Processing Unit) chips show strong potential for AI training.
→ Meta Platforms is already in talks to invest billions in Google’s chips for use in its data centres from 2027.
A decline of around 20% in AMD’s share price since the start of the month is worrying, yet the chart analysis offers some encouragement for the bulls.
Technical Analysis of AMD Shares
Price action suggests that since April, AMD has been trading within a broad upward channel (shown in blue). Within this structure:
→ the price set an all-time high at the end of October, where the upper boundary acted as resistance;
→ between 7 and 17 November, the median line held as support before eventually giving way;
→ today, AMD is testing the lower boundary of the channel, which may act as support.
Additional factors that could reinforce this lower-channel support include:
→ the psychological $200 level;
→ a wide bullish gap, with its upper boundary near $205.
Taking these elements into account, it is reasonable to assume that conditions may be favourable for the bulls to attempt to revive the broader 2025 uptrend.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Amd - Here comes the massive reversal!🩻Amd ( NASDAQ:AMD ) is starting to reverse:
🔎Analysis summary:
Starting back in mid 2025, Amd retested a major confluence of support and rallied about +200%. All of this was expected and the rally ended with a retest of a significant trendline. Eventually, after some back and forth, Amd will then create a short term retracement.
📝Levels to watch:
$250
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD Under Watch ⇌ Sellers Strengthening at Major Supply Zones🔥📉 AMD “ADVANCED MICRO DEVICES INC.” – Bearish Profit Playbook | Thief Layers Deployed 🚨
Hey traders! 😎🔍
Here’s my bearish swing/day-trade playbook on AMD, crafted with a fun + professional thief-style twist while staying within TradingView rules. Let’s break it down 👇💼
📉 Plan: Bearish Outlook Active
Price action remains heavy, momentum cooling off, and sellers showing presence near key zones.
Thief Squad preparing for controlled entries 😎🧤.
🎯 Entry Plan (Thief Layering Strategy)
This setup uses a layered limit-style approach — also known as multiple staggered entries to smooth positions.
📌 Proposed Sell-Limit Layers:
230
220
210
(You can extend layers based on your own system — thief flexibility ALWAYS 😎)
⚠️ Note: These are example layers for illustration, not fixed instructions. Adjust based on your own risk model.
🛑 Stop-Loss (Thief Safety Net)
SL Zone: 240
Dear Ladies & Gentlemen (Thief OG’s) 💼🕶️
This SL is simply my reference point — NOT a rule.
You decide your own SL based on your risk appetite, not mine.
Make money? Then take money… at your OWN risk 💰😄.
🎯 Target Zone
Price has a strong support cluster aligning with:
Moving Averaging acting as dynamic support
Oversold zone building
Trap mechanics likely
So the quick escape target is:
👉 TP: 180
Dear Ladies & Gentlemen (Thief OG’s) 💼😄
My TP is not mandatory — adjust yours as you wish.
Take your profits and leave before the “police” catches our position 🚓💨😆.
🔗 Related Pairs to Watch (Correlation Insights)
These assets often move with similar sentiment due to tech-sector correlation, semiconductor supply chain, and risk-on/off flows:
💻 NVDA (NVIDIA)
Strong semiconductor leader — AMD often shadows NVDA’s volatility and sector direction.
📱 QQQ (NASDAQ 100 ETF)
AMD is inside the NASDAQ index. When QQQ sells off, AMD typically follows the broader tech flow.
🌐 SMH (Semiconductor ETF)
Tracks the entire chip sector. Helps understand overall industry strength or weakness.
⚡ TSLA (Tesla)
Not directly connected, but both ride similar high-beta risk cycles. Weak tech sentiment can drag TSLA and AMD simultaneously.
Watching these helps confirm momentum, risk appetite, and sector-wide signals 📊🔍.
🧠 Additional Notes
This setup is for educational, fun, strategy-style illustration purposes.
NOT forcing a fixed entry, SL, or TP on anyone.
Trade smart. Manage risk. Thief style = creativity + discipline ✨😎
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
Amd - Here comes the major reversal!👺Amd ( NASDAQ:AMD ) is reversing right now:
🔎Analysis summary:
Over the course of the past couple of months, we witnessed a very expected rally on Amd of about +250%. But right now, Amd is retesting a major resistance trendline. If we actually see bearish confirmation in the near future, the next bearmarket will start quite soon.
📝Levels to watch:
$250
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD Shares Rise Above $250 Ahead of Earnings ReportAMD Shares Rise Above $250 Ahead of Earnings Report
Today, 4 November, after the close of the main trading session, Advanced Micro Devices (AMD) is set to release its quarterly earnings report and outline its plans for the near future. Market participants remain optimistic, as several key bullish developments last month strengthened confidence in AMD’s role in the AI infrastructure race:
→ AMD shares surged in early October following news of a multibillion-dollar deal with OpenAI.
→ Oracle Cloud chose AMD’s graphics processing units (GPUs) for its new AI supercomputers.
→ IBM announced a breakthrough in quantum computing made possible through the use of AMD chips.
Buoyed by this wave of positive news and high expectations, AMD’s share price climbed above the psychological $250 mark (+61% since early October), reaching a record high.
Technical Analysis of AMD Stock
Price analysis shows that since April, the market has been forming a broad upward channel (shown in blue):
→ Strong news led to the correction phase (shown in red) being replaced by a resumption of the bullish trend in an aggressive manner;
→ Today, AMD’s price is testing the upper boundary of the channel.
The thickened S/R lines indicate that the angle of ascent is becoming steeper. Much now depends on today’s earnings release. Traders are awaiting confirmation from CEO Lisa Su regarding the company’s revenue forecasts tied to new deals amid the ongoing AI boom.
If bold expectations fail to materialise, a pullback could follow:
→ towards the lower thickened support line;
→ or deeper, towards the median line of the upward channel.
Alternatively, we may see the bulls attempt to break above the upper boundary and extend the blue channel higher.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Amd - This is still not over yet!🚀Amd ( NASDAQ:AMD ) can rally another +25%:
🔎Analysis summary:
This month alone, Amd has been rallying another +50%. All of this happened because of an expected rejection at a major confluence of support. Looking at the rising channel pattern though, Amd can still rally another +25% before this rally might actually be over.
📝Levels to watch:
$300
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
AMD Is it approaching a multi-year top and turning into a Sell ?Almost 8 months ago (March 07, see chart below) we made a bold call (for the time) on Advanced Micro Devices (AMD), expecting it to bottom on its 1M MA100 (red trend-line) and then rebound, targeting $320:
Well the Bullish Leg of its 6-year Channel Up had been even more aggressive than we expected and is already approaching its top (Higher Highs trend-line), much earlier than we expected.
This is technically the right time to book the amazing +240% profits from the April 07 bottom, as the 1W RSI just hit its 6-year Resistance, which has marked the Channel's two Tops.
Even though the Bullish Leg can technically extend as high as +287% on the 1.236 Fibonacci extension (like the previous did), the focus of a long-term investor should now be to buy (much) lower, preferably as close to the 1M MA100 as possible.
The last two Higher Lows of the Channel Up have been priced just above the 0.786 Fibonacci retracement level, so our fair long-term Target is currently at $110.00.
So do you also think AMD is approaching the end of the (long-term) road and is gradually turning into a Sell?
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