There is a daily wolfe wave setup that triggered on July 1 closing day at 53.65. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84.69 which is expected to reach this price target before Sept 22. Projected...
AMD Bears in action, Active Head & Shoulders + Gap + Broken multi-year ascending trendline. Next potential support level acts at $73.19
AMD is in a heavy downtrend. It won't get there in a straight line, but I can see $74 as a super strong support and if we break through 64/65 is another strong support and a gap that could be filled. Trade with caution.
Ethereum going PoS => gpus for mining not needed. Gpus will flood aftermarket from the miners and retail consumers can buy gpus cheap, thus reducing sales. Roughly 20B$ worth of gpus will be unusable which is more than AMDs yearly earnings. Granted AMD does not have 100% market share(NVIDIA). But this should greatly affect their gpus sales late 2022 and early...
AMD is approaching the resistance zone $114 - $115. This zone acted as both support and resistance before. Price action tends to move sideways around a significant level. Looking left. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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
please short only with small qty for practice with giving sl yellow line above..... let the red support break then go you can carry for tomorrow 1.2 target
AMD was forming a head and shoulder pattern which is started when it broke the resistance of $98 in Jun 2021 and till Apr 2022 it completed its pattern and it broke down made a low of $84 and again it retests its level of $98-$99 of resistance and came down. To become strong sell the rsi show close below 40 levels currently, it is at 41 levels. Sell below $90...
Short $AMD CMP $104.05. This one tried to bounce off of 200 SMA but failed. Today's big red candle is very big bearish sign that it will continue the downtrend. 20 and 50 SMA are nose diving on this one. It may hold $100 area but I am more inclined towards $90-$95 area support levels are more appropriate levels. Short Target 1 is $100 area. Short Target 2 is...
We can see AMD had a breakdown of the rising wedge and re-tested the demand line, flipping it in a resistance. Would like the 1.618 Fib support to hold for the Weekly Hidden Bullish Divergence to form.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Advanced Micro Devices Short Term - We look to Sell at 102.78 (stop at 111.05) Preferred trade is to sell into rallies. Previous support at 100.00 now becomes resistance. 20 1day EMA is at 107.00. Short term oscillators have turned negative. Trading close to the psychological 100.00 level. Our profit targets will be 74.92 and 69.10 Resistance: 100.00 /...
AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level....
GOOD EVENING, 1)we are below the VWAP .👌 2)the inverted order and strong condensation of the 4EMA.👇 3)bear divergence confirmed by STOCHASTIC .💪 4)protected by the last resistance. 💪 all these indicators say sell in a loud voice. so BUY and open your wallets.🤑 GOOD LUCK.❤️
Advanced Micro Devices - Short Term - We look to Sell at 99.06 (stop at 103.51) The medium term bias remains bearish. We look for losses to be extended today. This move is expected to continue and we look to set shorts at good risk/reward levels. Short term oscillators have turned negative. Previous support located at 100.00. Our profit targets will be 84.22...
Looking for a fill of the gap at 232 which coincides with the 2.0 extension of this 5-wave move down. Head & Shoulders pattern with negative MACD divergence.
AMD reached an all time high of 164$ on Nov 30, 2020. Since then it has been retracing lower with price currently at 100$ psych level. The stock looks heavy. I expect the price to continue to chop its way lower toward the 72.5$ price point as a target. Analysis is void if price rises above 132.5$.
Advanced Micro Devices - Short Term - We look to Sell at 120.45 (stop at 126.99) Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 121.00. Short term oscillators have turned negative. Previous support located at 100.00. Our profit targets will be 101.28 and 85.50 Resistance: 120.00 / 145.00 /...