This has been a highly requested video and AMD may not have been the best place to start - but it is helpful to see nonetheless.
I will start to do this type of analysis video more in the future if people find it helpful toward building their own algorithms and their own "story".
See you all next time!
Happy Trading :)
- TraderDaddyOG
NASDAQ:AMD #AMD
A 6 weeks free fall of about 82$ creates a significant and an attractive opportunity.
The stock price is testing a 2 years upper broken wedge "gray" and a weekly demand zone dates back to December 2023.
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
recent article on Barron's chip makers are facing more competition, I did talk positive about AMD growth but mention about Cerebras Systems with a new IPO this year and a faster chip that will more than double NVDA's. The is still some selling pressure but we are reaching some good support and volume has decrease a bit on sell days.
NASDAQ:AMD is trading at a PE multiple of 296. Their CEO has done a very good job building confidence in the company but unfortunately the euphoria is over. The numbers don't jive and the market is starting to come to grips. Time for a reset of expectations. The Psychological Pitfalls of a Market Cycle at its finest
If not then we are continue to see its down fall..
lowest it might tap is 135-133
earnings will either rekt them more or save them..
Good luck traders.
I have puts all over but swinging calls if opportunity presents itself "relief bounce"
NASDAQ:AMD On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area.
A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023.
Judging from the magnitude of this pullback and...
If AMD's stock fails to maintain its position around the $160 mark, it could potentially drop to around $152 within this week. it's performance is also influenced by broader market trends. If the SPY fall and stay below $500, it wouldn't be surprising to see AMD's stock decline to the vicinity of $130 in coming weeks.
the detail is shown in the above Idea.
AMD bear butterfly is formed completely and angry buyers were present in 1.27 F
and now AMD bull Butterfly Is ready ( after growing right eye) to fly higher and higher.
As of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple).
The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction...
Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the...
Too few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move....
To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ 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...
Check AMD, I'm not entirely sure yet, but something about this chart is screaming bullish again.
Last chart update was pretty much short over 171 and we pretty much stuck to the chart.
Now that things are settling, the next move is starting to appear.
There is potential we see the move from 169.99 to 207.
If we cap out near 207 or 209 and drop to around 192, it...
Friend asked me to do a Volume Profile for levels on NASDAQ:AMD
It has hit and held the 50% Retracement. The next VP node is 157.79. One could be patient and wait but I like the long now. "You know when you're wrong" (it breaks 157.79) so I know where to stop out.
Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing.
It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years.
The last correction from June to October 2023 was exactly -30.15%.
Exploit a double entry strategy with the first buy here on the...
![AMD: [Weekly] $AMD #AMD](https://s3.tradingview.com/v/vbZHLMkx_mid.png "[Weekly] $AMD #AMD")
