Advanced Micro Devices - 30d expiry - We look to Sell a break of 92.69 (stop at 98.08)
Posted a Double Top formation.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
This is currently an actively traded stock....
- $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.
-...
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
$AMD soar last week as market pivots due to inflation data from last week. AMD setup is looking bullish here as it entered the squeeze zone going up.
as you ca see in my chart. I marked some of the potential entry and exit if the stock extend its rally tomorrow. and also the potential entry for puts if
the stocks decides to pull back.
Make sure to set your...
AMD been on a run for a week now and it looking like it's topping oy on the 4hr chart with earning coming up AMD like to run down leading up to earning before it take off so lets see how this will play out over the next few weeks
AMD is down 60% from its all time high (ath), and even went so low as 67%. Things are looking grim for the tech stock, however, things may start to turn around sooner than later.
This down trend has been going on in a falling channel, which is my favorite pattern to trade. Judging from the magnitute of the decline of the last couple weeks, it seems like the stock...
NASDAQ:AMD has been in a bearish channel since November 2021 (one year). I see no impetus for it to break above the top of the channel, and thus I expect it to fall significantly over the next month.
AMD has formed a pedant pattern on the 4Hr time frame and has broken it's lower support. Also on the daily time frame AMD has his the top resistance line of the descending channel.
Current play $70 puts for 12/30 :)
Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11)
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 57.17 should result in a further move lower.
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Our overall...
AMD on the Daily Time Frame is showing a rejection on the 100 SMA (Wednesday 11/16) with a bearish candles on Thursday 11/17, I believe this will continue to test lower lows and on Friday 11/18 we will see a down trend on the daily & 4 hourly.
Looking at the AMD Advanced Micro Devices options chain, i would buy the $60 strike price Puts with
2022-11-4 expiration date for about
$1.81 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
