I'm sure when I first posted how high my forecast for AMD was most of you scoffed at it. Well, look at where we are now. I still feel we are targeting the 1.382 next @ $193.30. This isn't a requirement though as you can see, we are in the target box. When we hit the top, we will start our wave iv retrace which will bring us to the $150-$160 area before raising...
Analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD continues to follow 9ema on 1h and 20ema on 1d trends beating 45° lines. Take caution about a potential over extension but could continue towards the upside beating NASDAQ:NVDA returns as it continues to close out the steep upwards triangle.
Hello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
In 2016 AMD broke out of a long term triangle reversal pattern. This breakout was then followed by a pump of +5.000%. After the 2022 pullback of 70%, perfectly retesting previous structure, we are not certainly back to a bullish market on AMD. If we see a retracement...
I've had quite a bit of success last year with levels on my old pal, AMD but have been ignoring him for the most part as I focused elsewhere.
However, dowsing earlier this week told me to check it out for a short entry at $140. We're there, and it could go a bit higher, but today seems the day to reverse as I repeatedly get a "spike up and reverse down" scenario...
While AMD stock is up an impressive 88% in 2023, Intel isn't far behind, with a 66% jump so far this year. Both stocks outperformed the PHLX Semiconductor Sector index's gains of 48% this year. But if you are thinking of buying one of these semiconductor stocks right now, which one should you put your money on? Let's find out.
AMD vs INTEL on a weekly chart NASDAQ:AMD NASDAQ:INTC
you can see the divergence tied to news and developments over the years AMD made faster smaller chips Intel failed to do so then doubled down and claimed they didn't need to make smaller chips The 5-nm debate. Enter AI where AMD has the lead second to NASDAQ:NVDA
AMD still has room to run in this...
I like to explore lots of ideas. This is one that seems unthinkable but hey, ya never know. This is a long-term channel and we've formed what looks like a cup and handle. If earnings disappoints, which it very well could, we may find ourselves making the first leg of that handle very quickly.
What do you think?
This is the opposing view to is AMD going to miss on earnings, which I just posted. The way the market seems to be going for SEMIs, this could be the case. But I'm wondering what you think
With the price action we're seeing today and a request from a follower, I wanted to update y'all on where AMD is in the count. As you can tell we are currently on our iii of 3 of v of ((1)). The strength since the Oct lows of last year are a testament that we are in fact in a iii of 3. We have literally almost doubled since that time. If this thing is to continue...
Based on my own observation, current support line is on 158.50. It might take a few days for it to reach its new support line. Im currently waiting for 158.80 to buy.
Potential Launchpad:
Explosive growth driven by market tailwinds
Valuation gap compared to peers
Technical breakout signaling momentum.
Conclusion:
High-risk moonshot with potential reward, but thorough research and risk management are essential. Diversification and alternatives might be more prudent for most investors.
Disclaimer: This is not financial...
Price played out nicely as analyzed last week, giving us a +18.89% move to the upside. As price is currently in an all-time-high scenario, price is more likely to continue higher with the bullish order flow. Of course, we can expect bearish retracement into the bullish order block at 151.05, but the general direction is up.
Hi traders
AMD has been in a bullish market.
The price has been consolidating in a falling wedge which is a bullish continuation pattern therefore we expect the continuation to the upside.
3 targets for bulls are shown on the chart.
However, we won't be surprise if AMD will do new all time high .
What do you think? do you agree?
Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) is making headlines as its stock experiences a remarkable 11% surge, riding high on the coattails of Taiwan Semiconductor Manufacturing (TSMC), the world's leading chip fabricator. The recent boost in NASDAQ:AMD 's stock price is attributed to TSMC's bullish signals regarding the robust demand for AI semiconductor...
