NASDAQ:AMD has broken out of its wedge which it has been forming for quite sometime. Since it has broken out, it may come back to the $114.64 price level to use it as a support, and shoot up to $135.72. Or, it could just continue this bullish rally to the ultimate $135.72 price level. Congratulations to those who have successfully traded the first part to this ...
AMD is basing and looking to retest the 120 supply zone.. bounced from the B leg of the bearish cypher (previous support is now resistances) A leg retested the supply zone, and retraced back to D leg of the bearish cypher pattern that was sold off. Now D leg is looking to act as support (previous resistances acting as support, same as it did for b leg). buy the...
All the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report.
LSE:3NVD is the Leverage Shares 3x Nvidia ETP Securities that seeks to track the iSTOXX Leveraged 3x Nvidia Index, which is designed to provide 3x the daily return of Nvidia stock, adjusted to reflect the fees and costs of maintaining a leveraged...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD is actually approaching a quite nice previous weekly support/resistance area which is now turned resistance again.
You can also see that weekly market structure is beautifully bullish, AMD is always creating new higher highs and...
AMD: Continuation on 390m horizon. 3 Bar play identified with breakout of opening range. Acceptance has now moved PA over key levels w/o/w since establishing new character out of April 24, 2023. >102.43 revisits July/MAR 2022 auction// Beta: 1.91%, ATR: 4.12, IV: 48.32%// Bias: Risk on// Price at time of publish: 101.53
This trade will take a month to mature because of selling pressure but I am gonna go long for sure at$82. Will discuss everything in details once it starts working.
AMD is currently creating a possible weekly higher low which is an indication of the start of a uptrend on lower time frames. AMD also has earnings after market today which could initiate the move or invalidate it. With the weekly having a closed bullish Pinbar @ the trendline there is strong confirmation signaling a bullish move up for the next week or two.
my estimate, the market is down today, is to make a corrective to wave 4, and next impulsive wave, to wave 5. but a warning SL at 93.04, in the marking. ( Probability technical analysis ).
$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
TP: $
- $AMD continues to push higher, along with the broader tech sector, amid overall market strength.
- AMD broke through its tough resistance at $90 and is currently closing around $97.
- Technical indicators are signaling that it's overbought, so don't be surprised if the stock pulls back. Bulls need to hold AMD above $85-90 to continue its bullish momentum.
-...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD stocks currently looks extremely bullish in my opinion.
We just broke above a key down-trendline, we also created and already confirmed a weekly double bottom and the next resistance area at the $105 area is quite far away so from...
Advanced Micro Devices - 30d expiry - We look to Buy at 79.11 (stop at 74.48)
Daily signals are mildly bullish.
Previous resistance at 79.00 now becomes support.
50 4 hour EMA is at 77.80.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
This is currently an actively traded stock.
Our profit targets will be 90.31 and...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe AMD stock is currently retesting the neckline of the very obvious weekly double bottom as predicted in my last video analysis which is linked below.
Since we are now retesting previous weekly resistance which is now turned support and we are also...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, AMD stock is looking extremely bullish. We just had a bullish ema crossover, a double bottom and also a trendline breakout, everything indicating that we will actually see the continuation towards the upside.
I am now just waiting for a retest of...
I'm loving how AMD looks across the board! On the Daily, we have the 200 holding as support at 79, and the 10ma holding it as resistance around 82.56. MACD is starting to show weakness on the D with the histogram fading and losing momentum and it looks as if the MACD line is about to cross below he signal line.
I will look to enter towards the downside if we...
The price has broken up on the current monthly resistance level. However, it will meet another combination of weekly and monthly resistance at 91-95 range. The probability for the price to get rejected there and a pullback is higher.
If the above scenario plays out, the current broken monthly resistance will act as support and price shall then bounce from there.a
