If you haven`t bought AMD on the strong buy rating:
Then 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 170usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $2.39.
If these options prove to be profitable prior to the...
Usually, I do not put myself out there like this and front-run. However, I have sufficient evidence that makes me comfortable enough to make an exception this time.
While I will not go into the methodology here (unfair to my subs) I will tell you that the chart is in a wave 3 up that is now head-testing the previous H&S pattern.
Bulls make money Bears make money...
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.
AMD is now on the lower end of the upward channel and sits right on the daily MA-50. If you believe it will go up, then this is the perfect entry. If it drops out of the channel and below the MA-50, then it's time to go short.
Hello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by NASDAQ:AMD going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these...
On April 25, 2024, I opened a pilot position in NASDAQ:AMD here for a few reasons..
The stock seems to react well at the MA-150 (the orange line) on the daily chart
On the weekly chart, NASDAQ:AMD is trading at a meaningful support which is the previous peak from 2022.
We should be careful here because the earnings will be released on April 30....
I feel AMD has been punished unnecessarily. There is a Yearly MACD turning to Green around earning time. I am riding myself on 23 October Calls. Worst, I may double up if it retests 130.
Hello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest...
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well.
NOTE:SELLING PRESSURE IS WAY TOO MUCH
This has been a highly requested video and AMD may not have been the best place to start - but it is helpful to see nonetheless.
I will start to do this type of analysis video more in the future if people find it helpful toward building their own algorithms and their own "story".
See you all next time!
Happy Trading :)
- TraderDaddyOG
NASDAQ:AMD #AMD
A 6 weeks free fall of about 82$ 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...
![AMD: [Weekly] $AMD #AMD](https://s3.tradingview.com/v/vbZHLMkx_mid.png "[Weekly] $AMD #AMD")
