Advanced Micro Devices Short Term We look to Buy at 94.20 (stop at 87.55) Broken out of the channel formation to the upside. Reverse trend line support can be seen at 95.00. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. Dip buying offers good risk/reward. Our profit targets will be 109.19 and...
The entire sector is showing the same bullish wolfe wave pattern at the same time that it was reported that Pelosi added 11 million USD in shares of NVDA. There is a daily wolfe wave setup that triggered on July 5 closing day at 75.20. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is...
$AMD has been trending down at a lower level ever since the market continues to pull back. Since then, $AMD picks ups a lot of short interest creating this downward move. The company's earnings have been amazing lately and continues its innovation for computer chips and probably expanding their reach to cloud computing and so on. a lot of big institutional traders...
If you haven`t bought AMD here: or here: then you should know that AMD is trading at a 61% forward P/E ratio discount versus the 5 year average! The Goldman Sachs Group has an $133 price target for it! Looking forward to read your opinion about it.
Both charts can be observed to have an upward trend (green) Before recent movement upwards price dipped in both cases below this green line (in orange) Both share choppy price action for a very long time, which is followed by a large breakout Biggest chart difference is the timeframes, AMD is 3M, while Tesla in Monthly
An idea for AMD which suggests a pullback yet a support find above a major Trendline Price action is very interesting in yellow, as it moves around the top of the circle (2.618) White bars pattern is a guess of future price action (allowing support to be found at the Trendline.
AMD entered the Buy area on oversold level predicted here: AMD Q1 2022 Earnings: EPS $1.13 vs $0.91 expected Revenue $5.9B vs $5.2B expected On 4/25/2022 Raymond James Upgraded AMD from Outperform to Strong-Buy setting a price target of $160.00 I think a reversal to $102 is most likely. Looking forward to read your opinion about it.
So much confluence, volume profile looks ripe and similar to previous capitulations, looking so good.
The market feels over-extended, and we have stochastic (negative) but very low levels. The RSI is oversold, but not extreme for both daily- and weekly chart, I feel the strategy to be a buy but with a stop-loss @ 73.00 below. The buy level should be somewhere @ 83-85. The profit order to be placed @ 102.00 for now.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
It feels we may decline slightly more at first, but support around $ 81 will likely hold. We are way below the cloud, and the RSI and BB% both are starting to look overdone. Strategy is BUY $ 81-84 area for a move back towards $ 100. The stop-loss I suggest below $ 73 for now.
Advanced Micro Devices Short Term - We look to Buy at 101.31 (stop at 96.59) We look to buy dips. 100.00 continues to hold back the bears. Trading close to the psychological 100.00 level. We expect a move higher in a corrective sequence, targeting Fibonacci retracement levels. Our profit targets will be 114.62 and 123.06 Resistance: 120.00 / 145.00 /...
A chart for AMD showing bullish activity and price entering a major channel A phase like this has been seen previously and has been marked with corresponding colours A giant falling wedge is the culprit for the recent bullishness One more final move up until top at 1.272
We finished 1 to 5 Elliot wave pattern and ABC correction, while in ABC correction market created Institutional candle and retraced to it that is our signal to buy and we are looking for market to retrace to 50% fib zone Entry Price:108 Target:128 Invalidation: 99
A detailed explanation as to why I believe AMD stock will double or triple in the next 12 months. See my other posts for my Elliot wave count.
Hello traders, it looks like AMD is finishing up its W-2 within a larger degree W-3. We see that price is approaching the .786 fibonacci retracement, and we have a positive MACD divergence. This is a great opportunity too add to your long positions. Soon we will be in W-3 of W-3, so that will be a very powerful move to the upside. Good luck traders :)