AMD is a huge problem. After a nice breakout from Bull Flag, it reached ATH and got rejected very hard.
From there, it falls on the area of support/area of breakout from Bullflag.
From here, AMD needs to recover ASAP, otherwise game is done and ATH won't be seen any time soon.
AMD must bounce above blue 50 days MA to stay bullish.
Since March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded...
NASDAQ:AMD If the current Point of Control (POC) and Fibonacci support levels fail to hold, NASDAQ:AMD could potentially experience further decline to the $160 area. 👀
With AMD's price sitting on a key technical support trendline, tomorrow we will see how AMD reacts to China's guideline's to block the use of US chips from AMD and INTC in government computers. With the way AMD has performed over the passed few weeks I wonder if this news is already priced in and does the stock get bought up if it opens red on 3/25 or does the...
AMD stock has finally met our 2023 projection, leading us to anticipate a return to support around 150. Following this, it is poised to undergo an Elliott Wave pattern, with Wave 3 potentially reaching up to 300.
0. Notes to follow;
1. Noticed divergence today with NVDA about 1pm or so it started;
2. AMD down over 20 percent;
3. Pivot on the Bear Market situation with AMD is $182.75;
4. Looking for a move above;
5. AMD Here reversing from double bottom or so, $175.55
6. Looks at the bottom of Large Horn Structure, Megaphone Shape, Bulkowski shows Broadening Bottom on AMD
An activation of white as our support would be amazing news for the bulls - if it can utilize the strength here to break out of our controlled (but strong) selling channels. If we fail white and get pushed down further (early indication of this will be a failure to hold Teal as support), orange is our next step and is not the most bullish signal for us in the...
AMD is on the verge of a breakout. Its a very good buy right now if it can stay about 183. We may face a bit of resistance on the way up at 193. Above 193 our Next target will be 203, 213 and then 227
NASDAQ:AMD is due for a bounce to around 200 before dropping further. Same with other tech and semiconductors. Sell-off could begin on Friday. NASDAQ:SMCI NASDAQ:NVDA NASDAQ:QQQ AMEX:SPY
Watch for our strong selling purple to continue to push us down to support at orange.
If however yesterday's push down was to prove tapering on orange, we could see a breakout of purple and be back within our magenta tapered controlled selling to continue to move up.
Keep an eye out and I will update you as price develops!
Happy Trading :)
In a previous post (see related idea section) on March 12, I wrote about NASDAQ:AMD pulling back to its moving average MA-21 would provide a buy signal.
On March 15, 24, the stock indeed pulled back to MA-21 and closed in green amid weak overall market.
For me this is a good technical sign showing relative strength of NASDAQ:AMD
I bought it right here.
Stock : AMD
Date : 20 Mar 2024
Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )
preferred Transaction : Sell ( 181.42 $ )
Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and...
NASDAQ:AMD cycles
Daily - looks to have started decline to HCL which is putting NYSE:ADM at a risk of daily cycle failure.
Weekly - printed weekly swing low on the tail end of the weekly cycle. Looking for the decline into ICL around mid May
Monthly - Bigger picture, just coming out of 7 year cycle low. We typically dip into HCL decline into...
