$AMD has left the descending channel and close above the 50 daily MA. Now with BoC signaling interest rates cut in the next meetings, Fed will certainly not keep the same hawkishness after the positive US economic data too.
Let's see what we get for Q4,2022 earnings report, 31 January 2023. Will update this by then.
SL: below $60 should be fine
LOW BASE SET-UP:
AMD has been in a low base since about Dec 22nd and has been consolidating for more than 5 days with lower or equal volume. Overall market conditions are bearish, so downside is probable.
I was planning on using the Dec 28th candle as my entry point back then, but at that moment in time, it did not meet the 5 day consolidation requirement. So I...
"Which one is the better buy for growth" was the question asked of me.
I used chat gpt to help. then I ran fundamental, technical, and some macro questions to try to decide.
summary: 2023 may be murky, but both will do well in 2024 and beyond.
For those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain.
AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend...
AMD has rallied for the past 8 trading sessions. The first session was on January 6 and ended with a key reversal (new low, closed near the high). Today, another key reversal has occurred (new high, closed on the low). This would indicate that AMD is likely to reverse direction and head lower. I'm going to say it will reach 64 by the end of January or...
AMD and Nvidia stocks are breaking higher this week, possibly ready for more gains as the recent corrective pullback to 140 and 60 USD appears completed. More upside here can be positive for cryptos about I talked in our webinar this Monday, here on tradingview.
I put link below if anyone is interested in recording.
Zooming way out on AMD's chart shows that the vicious 1-year downtrend since the all-time high in November 2021 appears modest on a weekly logarithmic chart. The downtrend has retraced only .236 of AMD's uptrend since the major low on July 27, 2015. This seems like a reasonable spot for AMD to consolidate it's recent sharp decline over the past 10-11 months....
AMD has been in a bear market since December 1st, 2022. For those of you who took a short position, you have had to endure three major short-covering rallies. The first short-covering rally which began on December 12th may have made you reconsider your decision to short in the first place, and you probably got out at some point. But when is the best time to get...
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
AMD has been trading in a descending channel for the past year. A double-top has just formed near the upper resistance line. This would indicate that the price will go lower shortly. It's possible a triple-top could form before this happens. It's also possible that a cup and handle have formed and the price will break out from the channel. But based on the past...
• AMD is trading at a key support level, around the 61.8% Fibonacci’s Retracement;
• In addition, last week, it filled a previous gap at $63.05. This gap is another support level for AMD’s price;
• What’s next? Keep in mind, it is still a mid-term bear trend, as AMD is still doing lower highs/lows and it is below the 21 ema. If it loses the $63.05, it’ll just...
$AMD soar last week as market pivots due to inflation data from last week. AMD setup is looking bullish here as it entered the squeeze zone going up.
as you ca see in my chart. I marked some of the potential entry and exit if the stock extend its rally tomorrow. and also the potential entry for puts if
the stocks decides to pull back.
Make sure to set your...
AMD been on a run for a week now and it looking like it's topping oy on the 4hr chart with earning coming up AMD like to run down leading up to earning before it take off so lets see how this will play out over the next few weeks