$AMD ahead of earnings$AMD had an impressive active sequence in July and managed to clear the recent channel high around $91.5. Earnings are due tomorrow after the closing bell. The stock is priced for perfection given the recent move. Other chip makers delivered mixed results so it will be very important to see if $AMD can continue to outperform in the long term. Guidance for the current quarter will be an important talking point. From a technical perspective, $100-110 is in play in case of a strong beat. For support, in case it breaks $90, see if $85-88 holds in order for the pattern to remain somewhat constructive. Buying some call spreads for earnings may be the best alternative. Buying the $100 and selling the $110 calls may be a good risk/reward opportunity in case you want to play the earnings report. Otherwise, wait for the first reaction once the report hits the tape.
AMD
GBPUSD Longs to continueIn this video we breakdown from daily down to 5 min what transpired last week as well as give you a trade idea for what happens next week!
The market should continue longs after a retracement to the extreme.. This is also supported by dxy going down given the expected news of the interest rates, and eveybody understanding we are in recession. Course always DYR and trust your own analysis!
NIO - The Top is in. Lower Prices AheadTo no surprise NIO like most of equities is vulnerable to the increasing pressures of inflation and the feds responsibility interest rate hikes.
Technically we see NIO is a BEAR FLAG structure right at the $20 Key Level
Making NIO more interesting is that this structure is formed with LESS participation on the second attempt at $20
Meaning NIO made a HH (Higher High) with LESS participation, So... we have a M top inside a bear flag
We love seeing these patterns as it brings confluence to much lower prices.
Ideally we would like to see the market open Tuesday Strong then position in NIO for additional confirmation however NIO is a sell NOW.
We have positions open and running so we are going to wait on ideal to enter.
Price targets on NIO would be a 3 Month contract down to $10/11 or 50% off.
AMD found support at $85Closed my AMD PUT position's for 52% in gains. I purchased calls for $90 once AMD closed above $85 my AMD calls have already hit profit 8/5 calls for $90. My next target is $95 which is the top of the current descending channel. If the price of $95-96 is reached I'll buy $90 put options 2-3 weeks out ONLY IF WE FAIL to break above the resistance at $95.
AMD Approaching Key AreasNASDAQ:AMD
The chart:
The bearish downtrend is obvious, as AMD has been trading within this descending channel since peaking back in late Nov. 2021. The price has rebounded since entering the purple area, which marks a strong support zone from back in mid 2020 to mid 2021. Also, note how the stock has seen recent movement around the orange support line, which I marked using long-term bottoms from before and during the pandemic. The red trend line is drawn as a long-term support too, just with more of a worse-case-scenario outlook.
My thoughts:
There are a bunch of factors that are at-play here... the Fed's rate hikes, supply chain issues, the economy and FOMC, recent policy, Nancy Pelosi's wise investment decisions, etc etc... A bull run doesn't make much sense to me yet, so I'm overall bearish on the market. I'm expecting this short-term bull run to reverse as AMD pushes towards the upper bound of the channel. If so, we would probably see support again at the marked areas. FOMC and capitulation could also still be at-play, but who knows. That being said, I'm high on AMD long-term.
Notice I never told you what to do with your money, and remember morons run our country.
AMD SUPPLY & DEMAND ZONESJust a few supply and demand zones on amd most likely looking for pullback into demand zone and on a bounce on demand zone looking for a long position on the bounce of demand zone all the way through next supply zone that could potentially be broken for a further rally on the upside to 94
NOT A FINACIAL ADVISE
YOU COULD LOSE MONEY
AMD - BEARISH - Technical Analysis My technical analysis for AMD and why I am Bearish on the stock
My thought process/indicators:
Price is re-testing the resistance zone of $90
AMD has been in a downtrend since NOV/2021
Price is rejecting the Parallel Channel
TMA-RSI indicator is showing overbought
My trading goal (R:S=2,5)
Wait for the price to break below the 89.44$ resistance zone
Wait for closing 4hr candle before shorting
STOP loss set up higher than the ATR of 5.20
Stop loss target : $92
Set Profit target: $74.50
As always, I am open to suggestions and comments, let me know what you think.
Cheers and happy trading!
AMD current target $80 SHORT AMD should reach $80 where I except a bounce up to $93 if we break below $85. Current play $86 puts for 7/29 selling once $80 target is reached. Once $80 is reached I'm buying $81 calls for 2 weeks out.
Current 15 min formation rising wedge waiting for a bounce off bottom trend line.
$AAPL $AMD $QQQ $SPY I OptionsSwing WatchlistAAPL I AAPL is up 20% from its recent bottom in June. It is forming a possible rising wedge pattern on the 4H time frame as it approaches earnings on 07/28.
AMD I We caught the bottom on AMD a couple of weeks ago, now it is time to be cautious as it approaches key resistance near $90-$95. Reports earnings on 08/02.
QQQ I We have a possible bear flag formation on QQQ 4H time frame. $300 is a key support level to hold, below that it can see $290. We have resistance near $310.
SPY I SPY had a hard rejection at the $400 psychological level. We also have a possible bear flag in formation. Support near $385 and $390. Resistance at $400.
Apple Double Topped?We may have seen Apple hit a double-top from May's high of $151, which we hit again today. With a week of earnings, including Apple's earnings on 28th, it could go anywhere. According to their guidance they expected a slowdown, lets see how this plays out for their price.
Per economic data, it fully supports a sell off but these big cap names is what is keeping the markets looking nice even though other stocks are down 90% like Carvana. The market doesn't really reflect the true state of the economy, because if it did, markets would be slashed in half.
Consumer sentiment, PPI, CPI, jobless claims are all worse than expected, but they like to act like we've hit bottom after a 14-year bull market rally.
MACD on the monthly is still very bearish. RSI has room to fall. But, lets see. Today, good news is good, bad news is good and in the face of $90 billion in buy-back from Apple, we can see Apple unrealistically going up.
AMD Short Target $80AMD is in a descending channel it previously bounced off it's lower support and is targeting $88-$90. For the short term I'm buying puts at the $84.50 region for $83 7/22 due to AMD being rejected at this point multiple times as shown by the red circles. I'm holding puts until the support region of $79-$80 is reached.
AMD and SMH leading the chip chargeThe entire sector is showing the same bullish wolfe wave pattern at the same time that it was reported that Pelosi added 11 million USD in shares of NVDA. There is a daily wolfe wave setup that triggered on July 5 closing day at 75.20. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 118 which is expected to reach this price target before Sept 30 assuming NQ wolfe wave time forecast. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, the wolfe wave daily setup for AMD does not have an apex associated with it so the projection of targets should be used with caution.
MU daily wolfe wave SMHThere is a daily wolfe wave setup that triggered on July 1 closing day at 53.65. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84.69 which is expected to reach this price target before Sept 22. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way toward 84.69.
SHORT AMD!!!AMD has entered into our resistance zone of $79-$80 and is ready to be shorted. However if AMD closes above $80.50 I'll close my short position $79 and $78 puts for 7/22 :)
Key fact to remember is that AMD previously broke out of a broadening formation which it's lower support is acting as it's new resistance
AMD:Bear market rally or turnaround?Advanced Micro Devices
Short Term - We look to Buy at 76.98 (stop at 72.75)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. The daily chart technicals suggests further upside before the downtrend returns. Trend line support is located at 76.00. Dip buying offers good risk/reward.
Our profit targets will be 90.00 and 95.00
Resistance: 90.00 / 110.00 / 125.00
Support: 76.00 / 60.00 / 40.00
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$AMD down trend momentum$AMD has been trending down at a lower level ever since the market continues to pull back. Since then, $AMD picks ups a lot of short interest creating this downward move. The company's earnings have been amazing lately and continues its innovation for computer chips and probably expanding their reach to cloud computing and so on. a lot of big institutional traders seeing a buy, but the uncertain of the current market right now, preventing some traders to hold the stocks for long swing.
The average move of AMD per day is about $4.00-6.00 depending on market conditions and news.
here my price target for $AMD for monday 07/11/22.
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For calls; buy above $80.15 and sell at 82.14 or above
For puts, buy below 78.18 and sell at 77.40 or below
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Welcome to this free technical analysis . ( mostly momentum play )
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AMD Downside RisksI believe the semiconductor will drop significantly when earnings are released or shortly therefore after. The market complexions remain in danger and the charts are nothing to sneeze at when it comes to market sentiment and various unknown characteristics to global risks. You can find more on the related idea that I've linked below, which also plays into this thesis. Current price is 76.11