AMD is still below the key level following the bearish breakout detected on the channel. We anticipate a continuation of the bearish trend, possibly retesting the key level at the bottom.
I believe this is just a retracement that we're at the tail end of. The parabolic upside moves have been rebalanced and expect a continuation back up here @ some value. +EV
Since peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correction
or moreover:
it broke its super uptrend and is now in a downtrend
the latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141,...
Usually, I do not put myself out there like this and front-run. However, I have sufficient evidence that makes me comfortable enough to make an exception this time.
While I will not go into the methodology here (unfair to my subs) I will tell you that the chart is in a wave 3 up that is now head-testing the previous H&S pattern.
Bulls make money Bears make money...
4h - still within bearish internal range
tomorrow I am looking at bullish towards the 15m FVG and then price could continue upside or go downside towards the 2h first low area to clear out sell side liquidity for the rest of the week.
1h WIP bearish H&S
Too few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move....
To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ after any 1Q report that will be probably considered as week.
For the moment is my opinion, it looks like this.
Remember: those who don't support...
Talking to some others like Nic pantano on Twitter, this seems like a viable path?
Taking calls to liquidity zone, then may aputs to demand zone below.
NASDAQ:AMD 169 TP THIS WEEK ?
6 REASONS WHY
Strong Financial Performance: AMD's financial performance has been a significant contributor to its stock price surge.
The company's earnings per share (EPS) and forward dividend & yield figures have shown considerable improvement, reflecting a robust financial health that has instilled confidence in...
I can provide a technical analysis of AMD based on the provided data. Here's a brief analysis:
*Current Situation:*
AMD is currently trading at $164.49, slightly below the short-term resistance level of $164.64.
*Recent Trends:*
- The stock was oversold on May 1st, 2024, with a support level of $157.30, indicating a potential bounce.
- The stock was overbought...
It sounds like you're referencing concepts that are related to market phases or trading patterns, particularly in the context of Information and Communication Technology (ICT). In financial trading, "Accumulation," "Manipulation," and "Distribution" are terms used to describe different stages of market behavior, often observed through the lens of technical...
The last hour ended with doji while on hourly TF the price formed a butterfly. would consider as a short-term trade to short from 168 with a target 160-161, stop at 171.
(this is a replacement of an earlier idea, as the stock didn't reach 143-145 target and bounced
LV - at Buy zone and see an anchor.
AMD looking to take a bounce and rally to 170+ and fill those who were caught off guard during the spiral down. If volume, other bullish indicators are present and break-out of 180, possible push to the V neckline.
I had AMD on my Anti watchlist but, after it failed to push higher it broke a new low. This caused a bearish imbalance and setup us up for a pullback in the downward direction.
Short term I want to see AMD hit the BSL at $162
Holding above $162.50, I want to see us invert the 4hr bearish FVG at $164 be inverted to carry us higher to $192 long term
AMD on the Weekly is showing Potential MACD Hidden Bullish Divergence above the Weekly Support floor and the previous 0.886 Resistance. If it plays out there is room all the way up to $232.37 that AMD could go for.
