AMD is on a really important zone here. if this breaks, its going to be a disaster for it. we can see 59-60. most of the semi conductor names like AMAT, NVDA or just semi etf SMH are pretty close to 200 weekly moving range. we might see it next week. MU reported ok numbers for this quarter but their guidance is awful. • They slashed EPS by 40% and REV by 20%...
$AMD has been on a downward spiral printing bearish consolidation patterns after each drop. The negative earnings report recently didn't help the stock price as you can see it has plummeted to a major support level. It hasn't shown any signs of reversal yet. If it breaks below $72 it doesn't have much support until $59 area. YIKES! As most tech stocks, AMD is...
NASDAQ:AMD AMD is looking at some substantial downside here. no support plus some gap fills its held this line once before but is it strong enough to do it again in this type of market condition ?
Short term Elliott Wave view in AMD suggests the decline from 6/6/2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6/6/2022 high, wave (1) ended at 79.43 and rally in wave (2) ended at 88.61. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Wave A of this zigzag ended at 86.38 as the chart below shows....
AMD is in a heavy downtrend. It won't get there in a straight line, but I can see $74 as a super strong support and if we break through 64/65 is another strong support and a gap that could be filled. Trade with caution.
We have a very high confluence of support zones, trend lines and bottoming Tail pattern at current levels in AMD which indicate a very high probability of short term reversal potentially upto 95$, which is the gap fill area in our charts. SL is confirmation below 78$
We broke "down trend" couple weeks ago (it was fake as we can see) and IMO we might go lower same percentage or double, i hope chart makes more sense than my stupid explanation lol
Here we discuss everything that transpired today on 6/21/2022 and then go into market analysis going forward... This week i'm bullish on GBPUSD and overall daily and weekly bias remains bearish
Great bounce from 92$ supply zone. Potential to test the red resistance line around 100$. Also gap down around 100$ will act like a magnet for price action to fill the gap. Based on the reaction on the red resistance line, we can either confirm the head and shoulders pattern over medium and long term which will be bearish if true. Disclaimer : Educational...
MACD making higher lowers with price making lower lows. #WorthWatching #BottomNotConfirmed
AMD is at a tipping point with daily volume exhaustion If there is a break below the last two trading days, shown by the trend line, it may go back down 24% in price This downtrend may take place within the next three weeks, starting the coming week Then end of this downtrend may also mark the end of Q2 trading market at the end of June Good luck and don't...
Not time to do a detailed write up. But I'll post my 4 hour green count for AMD to show the smaller degree wave count on the 4 hour chart, which is a follow up to my daily chart below. Lots of confluence around $70. It looks like we need one more low on what appears to be the ending diagonal of green wave v of wave (c) of wave 4. Sure, it could truncate...
Lots of support between $67 and $70. Nice looking divergence on the daily MACD. Weekly MACD is trying to turn up. Monthly MACD is still pointing down. #LongAMD #BottomNotConfirmed #NotAdvice #WavePrinciple
AMD analysis. Stock is currently in a big downtrend. On a daily and 4 hourly chart is a little bit extended to the downside, which i expect a pullback soon, especially before a long term support. Pullback could create a nice long opportunities. The stock with be correlated with the markets direction, so time it right. Do not enter the stock with full size but...
I hope everyone had a great weekend. AMD. Here is a quick review of a few possibilities and ideas. I have been tracking this very large ascending channel (black line) Last Friday, price broke down below the trendline, we can consider a quick retest on smaller time frames (not a strong retest) and price kept on moving lower. One of my rules to trade breakouts /...
We are at the very bottom of this pull back on the daily chart... ONCE we break out I will be looking for puts below this rising channel.