Possible scenario if AMD close below 130!AMD closes below 50EMA for the 3 days in a row, for the first time in the past 3 months!
AMD is in a complex correction, this phenomenon has been explained with details in the previous posts!
based on the similarities between the current correction and the previous one, I think it is highly likely that AMD go down to 120 in the next 5-6 weeks!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!(Based on Option wall data)
**Yellow line Shows Maximum Pain level.
***You can see more details and educational materials by reviewing the previous posts!
AMD
AMD Update ! Possible End of Correction ! Long to 189 USD!AMD is still strongly bullish stock. It can reach to 189 or even above 200 targets at the end of usual wave structure !
Why I used the word " USUAL " ? because there are some alternative major and minor valid wave counts. What I propose here is the one I suppose to be the most probable !.
If true! the correction of labeled wave iv (circled) is finished yesterday or we are very close to the end of correction! See? Here there are again two possiblies ! However, there is no much difference between them ! just a minor difference ! Two correction possibilities are shown on the chart and I will explain them later in this publication.
In the next bull run AMD is going to complete the final leg up ( circled wave v) of the wave cycle which labeled as wave 3 around 189 USD . This target is obtained by confluence of 0.618 Projection of circled i-iii waves from base of circled wave iv and 1.618 extension of circled wave iv from top of circled wave iii and also top of parallel channel !
If market choose our predicted path , It will be at our target at the time of next Earning Report ! Top of channel Break out and make a path for eve higher targets and make us to provide a major update? or lower than expectations ER and starting a decline as predicted? Too soon to judge but we certainly follow!
Stochastic is in oversold zone and making a bullish cross which can support our idea well.
Labeled circled wave iv correction can be traced beautifully inside a minor down going channel. Price reacted to base of this channel well and strongly however, there is possibility to hit it one more time to complete the alternate correction scenario !
What are alternative correction scenarios ?
1. First is double zigzag . in this case our proposed correction is already finished and the bull run is started.
2. Second is regular flat correction . In this case one more tiny leg down is expected which can be just a shadow below yesterday low to complete the final wave c structure .
3. Third is triple three correction which is still possible but it is too soon to talk about.
As you see Elliott Practicing is art of dealing with possibilities not certainties ! I will publish an educational idea on the subject soon.
All in All , I am strongly bullish on AMD, any other possibility may deviate from our bullish scenario in short term but in mid term as I previously emphasized all scenarios suggest very high targets.
please do not hesitate to ask any questions if it is needed.
Good luck my friends and wish you considerable profits.
AMD: BULL FLAG ?AMD :
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
QQQ Forecast for the next 2 weeksCorrection in the market usually has complex patterns!
I think from a price action point of view, there is a very good chance we see a bounce in the Tech sector in the next 2 weeks!
Option data analysis:(These data needs to be updated everyday)
Put/Call OI: 2.13 for the next month
Option wall: 370-400
Maximum pain: 385
Forecasts for Giant Tech companies, based on this:
AAPL:
MSFT:
GOOG:
AMZN:
TSLA:
FB:
NVDA:
AMD:
CRM:
NFLX:
ORCL:
SNOW:
TWTR:
PLTR:
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!(Based on Option wall data)
**Yellow line Shows Maximum Pain level.
***You can see more details and educational materials by reviewing the previous posts!
AMD vs AMD (The summation of Mooners and Quants activities)Let's review my AMD analyses:
November 19:
Short:
December 15th:
Long
December 29:
Short
and now Long for 5 days, let's see what will happen after that..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Elliott Wave View: AMD Rally Should FailShort Term Elliott Wave View in AMD suggests the decline from December 28, 2021 peak is unfolding as an impulse Elliott Wave structure. Down from December 28 high, wave ((1)) ended at 144.85. Wave ((2)) bounce made an irregular flat structure completed at 152.42. Then the stock continued dropping in 5 swings proposing other impulse as wave ((3)). In lesser degree, wave (1) of ((3)) ended at 140.70. Wave ((2)) pullback just bounced to 144.74 then it resumed the drop immediately to 131.77 and completed wave (3). Then wave (4) bounce ended at 137.72, completing the whole impulse with further downside as wave (5) to 125.03 and also wave ((3)).
Near term, we are looking to complete wave ((4)) bounce. We are suggesting a zig zag structure for this purpose, where wave (A) could be done already and we should see a pullback as wave (B) and then a last push higher to complete wave (C) and wave ((4)) as we could in the chart below. After this. we should turn lower again to complete wave ((5)) of the impulse from December 28 high. Potential target lower is 100% – 161.8% Fibonacci extension from November 30, 2021 high which comes at 101.1 – 122.3.
AMD levels to watch going in to 1/10/22NASDAQ:AMD
$AMD - watching for a break over 136.34 or break under 130.77.
Trading under its 50 MA, and its 12/26 EMA
12 EMA just crossed under 26 EMA
Well above its 200 MA (macro uptrend)
1/7/22: BTO/STO option trades on premiums >100k = bullish. Volume on the 130p and 140c.
Lots of OI on the 150c\1 35p - watch for changes in these
Local support at 132.01 - created on Nov 4, tested on Dec 14, confirmed on Jan 7
AMD closed on 1/7 at 132.00
If AMD breaks below 130.77 = consider bearish trades
If AMD breaks above 136.34 = consider bullish trades
Reevaluate your position means..!I published this post 2 hours ago:
Entry: 136
Stop loss: 130.59
Reward/Risk: 2.67 (it is not Ideal)
Target range: 150.44
Time Frame: 2 wks
Possible gain: 10.62%
Possible loss: 3.98%
Position size: 5% of trading capital
Jim Simons:
We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$AMD Target 2 - 102.50$AMD Target 2 - 102.50
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
AMD, 15 minAMD, 15 Min
Buy @ 148.85 - 147.12
Sell @ Target 1 = 150.83 , Target 2 : 153.13
Stop loss @ 50.76
--------------FOR OPTION CONTRACTS --------------
15 Chart = Min 1 Month, Hold 2-3 Days
---------------------Disclamer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
AMD, 4 Hrs NASDAQ:AMD
AMD, 4 Hrs , Butterfly Harmonic Shape
Buy Between 136.91 - 133.62
Sell @ T1: 142.42 , T2: 148.01
Stop Loss @ 132.19
--------------FOR OPTION CONTRACTS --------------
Daily Chart = Min 1-2 Months, Hold 2-4 Weeks
---------------------Disclaimer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
AMD Calls/Puts: Levels to watch this weekAMD
TLDR:
Calls above 151.84
SL @ 150.16
Scale out 153.29-156.25
Puts below 139.87
SL @ 141.37
Scale out 136.34 -130.53
Mon Jan 03 2022
Currently above its 12 and 26 EMA
Today it recaptured the 12 EMA
the 12 EMA just crossed over the 26 EMA
Currently Above its 20 MA
MACD strengthening
SO is not too hot: <80 and K% just crossed D%
Latest news:
Goldman Sachs analyst Toshiya Hari has a price target of 170(updated)
Samsung teases the Galaxy S22’s AMD GPU as renders leak: arstechnica.com
AMD CEO Teases Rembrandt 6nm APU Ahead of CES 2022 www.tomshardware.com
Options chain activity:
Mon Jan 03 2022
AMD open/close - $145.14 / $150.24 3.52%
Call VOL - 390,469
Put VOL - 168,670
Call VOL% - 69.83%
Call Prem % - 76.29%
Bullish Prem % - 58.24%
Put/Call Ratio - 0.43
AVG 30D PUT VOLUME
MON JAN 03 2022
190.6K
AVG 30D CALL VOLUME
MON JAN 03 2022
374.4K
TOTAL OI
MON JAN 03 2022
3.5M - Call
1.7M Put 1.8M
Highest OI Increase
Option Prev day Vol Prev day OI Curr OI Change
AMD 2022-1-21 C $125.00 5,163 14,194 18,906 4,712 (33.20%)
AMD 2022-1-7 C $150.00 17,449 8,140 11,159 3,019 (37.09%)
AMD 2022-1-14 C $160.00 3,581 2,433 4,884 2,451 (100.74%)
AMD 2022-1-7 C $144.00 3,442 456 2,731 2,275 (498.90%)
AMD 2022-1-7 C $170.00 3,401 4,280 6,521 2,241 (52.36%)
Most active chains
Chain Bid-Ask Low-High Volume OI
AMD 2022-01-07 C $150.00 $3.55-$3.65 $1.72-$4.48 49,396 11,159
AMD 2022-01-07 C $155.00 $1.83-$1.85 $0.82-$2.37 35,928 13,364
AMD 2022-01-07 C $152.50 $2.59-$2.62 $1.20-$3.30 25,857 6,158
AMD 2022-01-07 C $160.00 $0.87-$0.91 $0.42-$1.21 17,579 11,704
AMD 2022-01-21 C $155.00 $4.55-$4.65 $2.93-$5.40 13,710 35,837
AMD 2022-01-07 C $148.00 $4.55-$4.75 $2.31-$5.63 12,984 3,971
AMD 2022-01-21 C $175.00 $0.96-$0.99 $0.64-$1.23 12,244 17,862
AMD 2022-01-21 C $200.00 $0.19-$0.22 $0.15-$0.27 12,161 20,252
AMD 2022-01-07 P $145.00 $1.29-$1.33 $1.15-$3.18 12,051 5,219
AMD 2022-03-18 C $135.00 $22.20-$22.70 $19.45-$23.45 10,140 2,422
AMD 2022-01-07 C $157.50 $1.24-$1.30 $0.58-$1.70 9,205 4,431
AMD 2022-01-07 C $149.00 $4.05-$4.15 $2.01-$5.05 9,034 2,194
AMD 2022-01-21 C $165.00 $2.09-$2.15 $1.32-$2.56 9,013 23,327
AMD 2022-01-21 C $150.00 $6.60-$6.70 $4.40-$7.60 8,930 46,924
AMD 2022-01-07 P $150.00 $3.25-$3.40 $2.88-$6.10 8,795 3,513
Biggest option trades
Ticker Side Strike C/P Expiry Bid-Ask- Spot Size Prem OI Vol
AMD BUY 135 call 2022-03-18 $23.25 - $23.50, $23.45 10,000 $23.5M 2.4K 10K
AMD BUY 170 put 2022-03-18 $26.30 - $26.45, $26.40 468 $1.2M 913 503
AMD BUY 180 put 2022-02-18 $34.20 - $35.20, $34.76 325 $1.1M 701 325
AMD SELL 175 put 2022-02-18 $30.40 - $30.60, $30.46 325 $990K 1.6K 325
AMD SELL 175 call 2022-01-21 $1.06 - $1.09, $1.06 8,558 $907K 17.9K 10.6k
XLNX breakout above $225XLNX expected breakout after consolidation and a flat base (similar to a cup and handle from William O'Neil) above $225. AMD in a similar pattern should carry it higher with the expected merger in Q1. A breakout above $225 should ideally happen on higher than average volume.