We have a nice topping pattern and shooting star on multiple time frames. Not financial advice, DYOR.
NASDAQ:AMD to $155 still a go if we can close between the 20DMA/EMA cross here... NASDAQ:AMD
AMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now. I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double...
AMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th from the mean anchored VWAP support. Two days later finding itself extended to the second upper VWAP band, price corrected over the next day down to the first upper band and then after a few hours reversed and headed back toward the second upper band going...
Soaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after market trading. The US chipmaker on Wednesday said it expected sales to reach 11bn dollar in the three months to the...
AMD recently pulled back to the prior 2021 ATH after the recent earnings release. As long as the ~165 support holds, the price action is building a bull flag that should eventually resolve higher after working off some of the recent overbought momentum. Resistance could come from multiple significant overhead measured targets between 209 and 233, which could...
The EUR/USD currency pair has been making waves recently, and it’s currently dancing around the 1.1150 mark. Here’s what you need to know: Recent Highs: The pair has been on a bullish streak, reaching its highest level since March 2022 after convincingly breaking above the 1.1100 mark. Bulls are flexing their muscles, and the euro is strutting its stuff against...
Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that...
INTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday as an opportunity to take a call option trade for Friday which had a great return....
Team RED is READY As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD The most immediate signal from Intel beating Q2'23 estimates and guiding up...
Ascending channel and coiled up stochastics could point to buying op.
Reason Why Nvidia Will Still Growing Diverse Market Presence: NVIDIA is not just a semiconductor manufacturer; it’s a tech powerhouse. Beyond GPUs for gaming and professional markets, they also create system-on-a-chip (SoC) units for mobile computing and automotive applications. Their expansion into cloud software and services positions them well for...
Overall with the chip sector on FIRE, i like NASDAQ:AMD here to continue its hot streak and hold the $200 whole number. I'm looking for higher highs and looking to take this name long over $205. If the $200 number doesn't hold at support then short opportunity will be available with a price target of $190 - $185. Play this safe!
For AMD, we've continued to see this rise since our last analysis, partly due to very positive news in the market about chips, indicating that chips look very promising in the near future, as expected. AMD rose by 9% yesterday, and pre-market, it's already opening up by 3% higher. We believe that the 161% mark will be reached quite quickly. This Wave (3) could...
Advanced Micro Devices Inc. ( NASDAQ:AMD ) continues its meteoric ascent, with shares surging to new record highs, propelled by the chipmaker's pivotal role in the artificial intelligence (AI) revolution. As NASDAQ:AMD 's market capitalization surpasses the $300 billion mark for the first time, investors are bullish on the company's prospects in the burgeoning AI...
NASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting. I believe semiconductor chip stocks have been...
Hey guys, NASDAQ:AMD has formed a 4hour regular flat with lower degree breakout trend continuation pattern!
Advanced Micro Devices (AMD) has been rising non-stop before February, and gave our last solid buy on our December 12 2023 analysis (see chart below): Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it...