indices are currently at or near support. If they dont hold, traders will assume stop losses trigger lead to extension of pervious move lower. AMD last week spoke about 'evaporating demand' and intel speaks of weakening PC consumer demand.
I warned about a very strong bull trap in NVDA on 28th July and now the stock has a fresh low. ! As discussed in previous idea , inverted flats in bear market are among the most difficult patterns to recognize. Lets review published idea first : Now, What is next? As shown on the chart , a zigzag correction is most likely forming in NVDA and the stock is...
AMD formed a H&S topping pattern & has since broke below 100 psychological level & the neckline. It wants to retest 75, the neckline of a 2020 H&S that was bypassed because of the tech bubble. If the 75 neckline does not hold, the measured move may see a low of 49 or even a little lower.( due to the bigger H&S from ATH) However, it will be good to start averaging...
AMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it...
Currently AMD has formed a ascending triangle which can be seen by the higher highs and rejection around $69 in the 4hr, 1hr and 20 min time frames. Over all AMD's primary formation is a descending channel which is seen in the daily chart to the top right. We are nearing our lower trend line in the daily time frame so I am expecting a bounce if we reach the...
AMD is one the earlier tech giants who kisses the pre covid highs. The 2020 high can act as a major support at this stage of the game and definitely opens a nice entry into the $AMD ticker. Immediate resistance is around $70 and next support is around $50. I entered with a small percentage in along position at this point and will average down from here at every...
Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
Microchip Technolog y Short Term - We look to Buy at 65.63 (stop at 62.70) Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Our profit targets will be 73.30 and 78.00 Resistance: 74.00 / 90.00 /...
• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next...
🟢 AMD TF: 3D Side: Long SL: $54.69 TP 1: $86.81 TP 2: $101.65 TP 3: $113.65 AMD has done falling and showing signs of recovery by creating a possible rounding bottom in lower time frames. I think it will start pushing back up now as RSI and MACD look like they have bottomed and wanting to go up.
This breakdown shows why I think we should continue this week retracing back to the last extreme which took out structure before continuing to short. Let me know what you guys think
AMD closed below major support for the head and shoulders pattern. We saw a lot of red in the overall markets last week, and I think we'll be seeing some sort of relief rally across broader markets. Be patient and don't chase this trade wait for a retest of that support level.
EU has been bullish the last 3 days but shows signs of a potential reversal. EU has provided a strong reaction from the daily decisional supply zone. AMD has formed and we are starting to get a pullback for entries. Appears like liquidity creation to induce price to come into supply and take out the 15m FVG before reversing. In terms of HTF EOF, if...
/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices, as the chipmaker's products are still cutting edge and indispensable. The...
Advanced Micro Devices - Intraday - We look to Buy a break of 69.21 (stop at 65.39) Trading within a Corrective Channel formation. The trend of lower highs is located at 84.00. A move through bespoke resistance at 69.00 and we look for extended gains. Selling was posted yesterday but levels close to bespoke support of 63.00 have found buyers. The trend of...
AMD is broke through 1:1 Trend-Based FIB Extension with high volume yesterday & US August Core PCE Index is higher than forecast, more probably is going to test support line in $60.
I see a potential on the charts for a 20 percent move down on AMD to the next demand zones. The key one being at 48-50 usd. This is where i will be more agressive on buys. The next zone is the low around 38 usd. But i would be more careful if we retrace that deep.
• AMD is clearly bearish, doing lower highs/lows, and there’s no technical evidence it’ll recover or reverse; • Since it lost the support at $73 (black line), it is heading to the $59 (red line), which is the next support level/target; • If AMD reacts and performs a positive candlestick in the weekly chart, it might bounce back up to the $73 area, or even to the...