AMD Overbought and Easy ShortWe have a nice topping pattern and shooting star on multiple time frames. Not financial advice, DYOR. Shortby ChartProphet4
$AMD wants $180 depending on what $NVDA does nextI think this is a tricky trade, but if NASDAQ:NVDA sneezes then NASDAQ:AMD may get the flu. NASDAQ:AMD 's chips are not as great as NASDAQ:NVDA 's but they do the job. NASDAQ:AMD has been highly correlated to NASDAQ:NVDA and it seems like if NASDAQ:NVDA tests $800-$780s then NASDAQ:AMD could tank into the $180s with relative ease. Now, it seems to be caught in this downtrend and probably in the next couple of weeks, to be safe, $180 puts could print. Trade safe, always hedge, don't oversize.Shortby gumoca0
$AMD to $155 by next Friday imo , pullback very likely NASDAQ:AMD to $155 still a go if we can close between the 20DMA/EMA cross here... NASDAQ:AMD Shortby TazmanianTraderUpdated 3
AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now. I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow. None of this is financial advice its just my opinion. Thank youLongby Bitgolder5
AMD Corrected Again- Buy the Dip Idea LONGAMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th from the mean anchored VWAP support. Two days later finding itself extended to the second upper VWAP band, price corrected over the next day down to the first upper band and then after a few hours reversed and headed back toward the second upper band going somewhat sideways and getting there two and a half days later. Price was rejected from that dynamic resistance and fell into the first band which provided support to close the week. The Luxalgo regression line forecast is for yet another more up to test the resistance of that second upper band. I will take a long trade here recognizing that the forecast is for a 10-12% move in the immediate term. If the forecast is accurate a stop loss will not be necessary. I will set it at 204 to prevent anything other than an insignificant loss.Longby AwesomeAvani113
AMD Consolidating Above Prior ATHAMD recently pulled back to the prior 2021 ATH after the recent earnings release. As long as the ~165 support holds, the price action is building a bull flag that should eventually resolve higher after working off some of the recent overbought momentum. Resistance could come from multiple significant overhead measured targets between 209 and 233, which could eventually lead to a pull back to the 80 support range.Longby CycleTargetsUpdated 5
AMD Testing Major Level 215AMD Price Structure formed major levels every 40$ Range. 95, 135, 175, 215 Currently testing 215 level which is also 2x of Rounding Bottom Pattern. MCDX Red Bar (Banker) is above 90% and declining while price is advancing which is interpret as Bearish Divergence (Divergence is a sign of weaknesses.. Not a signal of broken prices action) FiFT are still +ve (Strong Bull) No sell signal seen so far. Not even a fast turtle sell signal triggers. It is likely that AMD will move sideway around 215 level.. Not a good idea to buy at this level. by kgiap123Updated 225
AMD trading within internal range with bullish pennantIn the lower time frame, it seems to be within a bearish range. price can go either way depending on premarket movementby p31wtrade0
AMD: Start selling. Top this or the next week.Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that level, so we expect the stock to price its new top this week or the next. In addition, the 1W CCI has been trading sideways but above the overbought limit since November, similar pattern as the sequence that led to the June 2023 peak. It is worth to start selling now, targeting close to the S1 level (TP = 165.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope1112
AMD to at least 400still early in its powerful wave 3 rally. Targets to at least 400Longby TraderBwater8
AMD: AnalysisOn AMD we are in an uptrend and we would have a continuation of this trend if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume. However, let's be careful because in the event of a break of the vwap and the support line forcefully by a large red candle and followed by a large red volume we could have a reversal of the trend.Thanks!Longby PAZINI194
Advanced Micro Devices | AMD Team RED is READY As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD The most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion. Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes. Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia, but the chip isn't out on the market yet. In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion: In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter. Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production. Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter. AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD. The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive. A rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024. The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space. AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view. The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.Longby moonyptoUpdated 4425
$AMD Buy Opportunity - ChannelAscending channel and coiled up stochastics could point to buying op.Longby WhiteHuracanUpdated 339
AMD GO HIGHERHello fellow stocks traders, currently working and watching this stock before it fall, my assumptions to the highest level is 220-243$ before it retrace. Were on the 2nd moves for distribution type. Betting the highs is not optional on shorting. best case is that we dont know whats happen next. This is only my assumptions before it dump. This is not a financial advice. Follow for more Stocks to trade. Trading is risky, dont trade it own it. Longby keno1989Updated 6
AMD Bull Pennant Breaking LiveSelf Explanatory, resistance line currently broken, this has clearance to 200 imo. Keep it simple. Longby Prophecies_R_UsUpdated 0
AMD - This Is Not The EndAfter significant price increases in recent months, the AMD share has entered a consolidation phase. The first investors are now beginning to realize their profits. Is this the end of the rally for AMD? No, we don't think so. In the short term, we expect a pullback to the $165 area. We intend to wait for this pullback to optimize our risk/reward ratio to enter a long position in AMD shares. We currently see potential for a price of up to $205 per share.Longby OchlokratUpdated 228
$AMD outlookOverall with the chip sector on FIRE, i like NASDAQ:AMD here to continue its hot streak and hold the $200 whole number. I'm looking for higher highs and looking to take this name long over $205. If the $200 number doesn't hold at support then short opportunity will be available with a price target of $190 - $185. Play this safe! by Mustangsvt281112
AMD is no NVDA don't fall into the hype! AMD vs. NVDA: When looking at these two stocks it's clear that NVDA is the clear winner and will maintain its pricing power over alternatives. NVDA's Gross margin (75.97%) is +35.57% that of AMD (40.4%). Although AMD has a low price to sales ratio this is likely due to them having a "Walmart sales model". High volume, low margin. This is illustrated further when looking at both companies price to cash flow ratio. Despite recent surges in NVDA stock price this has been trending lower for NVDA and higher for AMD. Most recent price to cash flow ratios: NVDA (54.1) and AMD (188.14). This helps visualize how much investors are paying for each company to generate cash flow. I don't know about you but I am not willing to get in at these levels and although it is very risky I'm tempted to buy some puts against AMD. Yes they have excellent management and a large economic moat, it does not compare to that of NVDA and it should not be benefiting as greatly as it has recently by NVDA's recent performance. AMD is now approaching the top of a channel that has been strong resistance for higher moves. It seems like everyone in the market is un NASDAQ:AMD NASDAQ:AMD NASDAQ:AMD der the impression nothing ever falls. Although it would be bold and extremely risky to buy puts on any AI stock I believe it to be the correct one. Curious to hear others opinions. AMD: www.tradingview.com NVDA: www.tradingview.comShortby Average_Joe_Options3
Could AMD Be Headed for $226? Examining a Bullish Pennant The 4-hour chart for AMD shows an interesting development with a potential breakout from a bullish pennant pattern. Based on technical analysis, if this breakout is confirmed, it could theoretically indicate a move beyond $226. Updated.Longby ParabolicPUpdated 1116
AMD: When will it End?For AMD, we've continued to see this rise since our last analysis, partly due to very positive news in the market about chips, indicating that chips look very promising in the near future, as expected. AMD rose by 9% yesterday, and pre-market, it's already opening up by 3% higher. We believe that the 161% mark will be reached quite quickly. This Wave (3) could potentially be much larger than the 227.2% mark, yet we think that this range will be a good point for the next correction to occur. However, we should quickly reach this level of $216. It's important to remember that, on a larger scale, we are also in Wave III, which should be positioned significantly higher compared to the subordinate Wave (3), which lies between $216 and can reach up to $368 maximum. That would be quite impressive, but realistically, it's likely to be between $216 and $266. Longby stromm_by_wmc13
AMD to the moon with good ER😜AMD having a bullish break past trend resistance, if earnings are good after hours then expect a rally to 99-100 short term I will share some targets on higher timeframe soonLongby Vibranium_CapitalUpdated 151539
AMD Upside BreakoutNASDAQ:AMD AMD Upside Breakout 205 in range. Price broke through the range and can continue upside. Longby Paul_Hodls110