AMD - SHORT AT BREAK $65.55, COVER AT $57.550. Notes to follow; 1. Short AMD at $65.55. 2. Looking to cover at $57.55Shortby drchelsea15
AMD: Around the 61.8% Retracement! [Target Hit + New Key Points]• AMD is crashing today, and it is rejecting yesterday’s bullish reaction; • What’s more, it behaved exactly as we described in our previous analysis on it: It respected the first retracement at 38.2%, but when it lost it, it just dropped to the 61.8%, ignoring the 50% retracement – This pattern happens most of the time; • In the 1h chart, AMD is losing the 21 ema again, and it seems it wants to fill the previous gap at $62.84 (red line); • It is still above an important support area, made not only by the gap mentioned above, but by the 61.8% Fibonacci’s Retracement; • There’s still time for a bullish reaction, but so far, the price action is not confirming any bottom sign in this support area; • If AMD loses the $62.84 area, the next technical support is around $59 - $58 (blue lines); • AMD is in a short/mid-term bear trend, as it is just doing lower highs/lows in both, 1h and daily charts. There’s no bullish reversal structure on it as well, but if AMD is about to react, now is the perfect time. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!by Nathan_Black8
QuickTrade Recap on AMDPlease check the video to see how my level was broken and the given target was hit.Long00:26by TizyCharts0
AMD more pain to come BEARISH: Here is my thought, after wave 5 is complete we are looking for a pull back to one of these critical fib levels, if AMD can not brake through the $104.98 level i will maintain my bearish narrative. BULLISH: On the other hand if we break $104.98 i think we can see a another bull run until the end of the year or longer. Crashes come when people least expect it. Shortby sethsalazar70Updated 4416
AMD $63.75 ALL IN, $77 TARGET, LETS GO0. Notes to follow; 1. AMD may have short - term bottomed here; 2. Looking for Top of Channel at $75 to $77 range; Longby drchelsea1229
AMD AnalysisPrice went lower as analyzed last week. Price went up to mitigate the bearish POI once more before heading lower. Next potential target for this down move is to take the sell-side liquidity near the bullish POI at 54.74.Shortby Keeleytwj1
$AMD Bearish head and shoulders pattern formation + ETH merge $AMD forming a bearish head and shoulders pattern, a break of the neckline activates the pattern (daily candle close below the neckline) Demand for GPUs has recently dropped by 15%, but is likely to drop further and farther after the Ethereum merge era. Almost tens of millions of GPUs purchased in the past four years to mine ether, this just shows how much losses are going to be for companies that make GPUs ($AMD, $NVDA) 📉Shortby TradingZzoneUpdated 4
$AMD DAILY CHART3 times AMD has tested & crossed the 50 day moving avg in 2022, price has rejected and retraced to lower levels. We have now crossed over 50 day again for a 4th time. Bullish or bearish?by moonwealthcapital0
AMD 12/9/2022AMD AMD has been very kind to me this yr. It has been an easy chart to read and it been a very profitable one. See link below for previous AMD trades AMD Daily chart analysis We’re going to have to rewind back to the summer, July 2022, when price made a lower low at around 74.25. At this same place, price found support and rallied to 100 on a pullback. The rally was short lived. Price was unable to make a higher high and was destroyed and pushed all the way down to about 58.45. Price was able to find support at 58.45 and bounced on a pullback to previous support at 74.25. Price has been unable to stay above 74.25 and looking to turn this previous support into resistance. Here we also have MACD crossing below its signal. This is my cue to enter trade short. With price still in a downtrend, pulled back to possible resistance area and MACD crossing below its signal, I will be entering trade short. Entry: 70.00 Stoploss: 86.64, -23.77% Target: 40.56, 42.06%, 1.77 RR ratio Shortby rudchartsUpdated 10
AMD shortNASDAQ:AMD AMD is losing ground in the graphics card market. According to an Analyst, AMD's share of the discrete graphics processing unit (GPU) market stood at 8% in the third quarter of 2022. That was a big drop from the prior-year period's market share of 17%. Also Nvidia's server processors are going to pose another challenge for AMD. It will be an interesting first quarter for AMD. We expect that we will see the last lows. Thats why we made the following setup: Trading Idea / Shortterm: Entry Sellshort: 65 $ Exit: Stoploss at 74.00 $ Target: 55.03 $Shortby tradevola1
AMD...on your radar??I wrote the paragraph below earlier today in response to a Barron's article : On my 'top chip list' for '23, I have a tie between AMD and QCOM...big fan of both! And I think there's some similarity to their stock's plights, though they traffic in different chip spaces. AMD is tagged as a "PC chip" company and gets dragged down by the post-Covid cliff-dive of PC sales. QCOM, same with cell phones...slower AAPL sales and QCOM gets whacked. Both companies have diversified meaningfully with the newer segments in strong growth modes, though admittedly not yet making up the majority of revenues and profits. But that's en route! AMD, most notably with the XLNX acquisition. And QCOM with the move to the auto and IofT spaces. As for when to buy either (or both)? The answer lies beyond these two names and is more driven by the broader market. But both qualify for the saying: "if you liked them at their prices a few months ago, you'll love them now!" As you can see on the chart, AMD has been pounded along with the whole tech cohort and broader market, currently resting on the 50dma. With all the negativity out there on the tech space, it's hard to rule out a revisit of the October lows, despite Morgan Stanley's 'top pick' call. Momentum indicators are screaming 'wait and see'. Bottom line? It's going to be tough for anyone to call the bottom in chip stocks. But making sure the future winners are front and center on the radar screen is step one. Nibbling at key support points might be step two. Step one I"ve done. Not yet ready on step two....but waiting and seeing.... As always, nothing written here explicitly or implied is meant to be advice in any way! Simply food for thought and discussion. Comments welcome.Longby trader_investr1
AMD Homework Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation. Analyst Price Target The average AMD stock price target is 90.61 with a high estimate of 200.00 and a low estimate of 60.00. Institutions: 2.14K Institutional Holdings: 1.18B % Owned: 72.92% Shares Outstanding: 1.61B HIGH RS $80 Un balance $72 Support low $64by TWRTEAM1
AMD AnalysisPrice has taken the highs at 79.16 while mitigating the bearish POI at 85.68. Price failed to fill the fair value gap at 83.46 where I was expecting price to head towards. Price has now broken minor structure to the downside, potentially heading down towards the sell-side liquidity.Shortby Keeleytwj0
Advanced Micro Devices Analysis 12.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis: 02:59by basictradingtv111115
AMD continued downside?In the middle of a downward B wave. Looking for a reversal when wave B retraces most of length of wave A. *Not financial advice.Shortby hushedRider52710
AMD currently at top of bearish channelNASDAQ: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.Shortby ChemistNateUpdated 5
AMD Simple Chart AnalysisAMD not to ambitious on the YTD high cause if that happen, it will be superb. So let's go for a possible 104 run 1st. Since Entry was at 63 & red chip did appear aggressively. Might be good to continue towards our possible target. A losing 14% vs 61% profit.by FFCloudUpdated 1
Crayon chart art again, yes I ate the crayonsI warned the regards at wsb not to buy shares at 100.by papier_mache_hands0
QuickTrade Idea 216 : AMDI am Bullish above $72.8 with target at $74.25, looking for a failed bearish cross or a bull trap. I am Bearish below $68.72 with target at $67.16, looking for a continuation of this bearish crossby TizyCharts0
AMD bearish classicfirst target has already been hit that i drew up a while ago, looks like a rejection incoming from the current levels. theres the untested orderblock sitting above but it doenst look like theres much momentum to get us up there. seems like lower in my opinion to find liquidity in that lower order block before a turnaround. with the global economy crashing this aligns with those thoughts. good luck out there if youre longShortby largepetrol225
Advance Micro Devices (AMD) to reach 70 by November 22I'm going out on a limb again, only because it motivates me to stretch the limits of my analytical skills. As I was perusing my watch list last week, I noticed that AMD seems to have reached a support level of 56. I've zoomed out on the daily chart to show you the huge downtrend AMD has been following for the past 12 months. If the price continues to oscillate downwards in this slowly narrowing channel, it stands to reason that the price should rally to 70-73 by the end of November as it tests the previous support level that has now become the new potential resistance level of 73.67. It could even reach 78 if it continues to touch the top trend line. It's not obvious while zoomed out so far on the daily chart, but the intraday price moves taking place with AMD are insane. I bought AMD on October 28 pre-market, with the expectation that the price would rally, but I didn't know it was going to rocket straight up for a 1:6 risk-reward ratio. This is the advantage of pre-market trading. It's easier to board the rocket when it's on the launch pad than it is when it's lifting off. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions. Longby cdnbuzzardUpdated 0
AMD At Short EntryAMD showing three weekly rejection candles at resistance level. Excellent risk/reward with entries, stop loss, and profit targets as shown.Shortby MicDrop5Updated 1110
AMD: Around a CRITICAL support area!• AMD is trading at a critical support level today, as we just hit the 38.2% Fibonacci’s Retracement + Red Line at $70.16 (previous bottom); • In addition, AMD lost the 21 ema, therefore, in order to avoid a bearish continuation sentiment, it must react as soon as possible above this key support; • If a bullish reaction materializes (there’s none so far), it would seek the next resistance around $79 again, possibly breaking it; • On the other hand, if it loses the critical support, the next target would be around $63 - $64 – The 61.8% retracement + Gap; • Usually, when AMD respects the first retracement but loses it in sequence, it ignores the 50% and seeks the 61.8% in one single movement; • Regardless of what happens, AMD looks quite good, as it has plenty upside/downside left. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses! by Nathan_Black1113