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AMD trade ideas

AMD UpdateIf you recall, I've mentioned in my recent posts that ideally, we should hit the purple 0.618 at $153.08 for mini-wave b before climbing higher in mini-wave c of B. Last week, that's precisely what occurred. We hit the purple 0.618 and then quickly moved up. Whether mini-wave b is complete remains to be seen. We could still technically drop to the 0.786 area. Once price surpasses the high made on May 28 at $174.54, I will consider mini-wave b definitively over. With all this in mind, it seems we should be heading towards the target box. The target zone ranges from the 0.618-0.786 retracement fibs between $189.48-$205.27. See the orange fibs? These are the extension fibs if the mini a-b pattern is complete. Look at where the 1.0-1.382 extensions end. Is it a coincidence or the perfect setup? Only time will tell, but I am optimistic about how this pattern is unfolding. I anticipate that this c of B should take about 3-4 weeks to complete.
NASDAQ:AMD
by TSuth
AMD broke above the 3-week Bull Flag. Major buy signal!On March 13 (see chart below) we issued a major sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up: Our projection was materialized as the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held, formed the latest Higher Low of the Channel Up and made us give a new long-term buy signal a month ago (while also the 1W RSI reached the symmetrical Support level of the October 2023 bottom (45.50)). Today the buy sentiment got stronger than ever as AMD not only broke above the 4H MA50 (blue trend-line) but also above the giant Bull Flag pattern that started on the May 28 High. With the 1D MACD about to form a Bullish Cross, a very strong long-term buy signal emerges that call for a new Bullish Leg similar to at least the May 02 - 28 one. If the prevailing structure is a Channel Up then expect a +23.65% rise, which puts our Target at $190.00 (just below the 1.5 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
2
AMD: Daily and Weekly Chart Analysis.Daily Chart: Support Levels and Fibonacci Retracement The daily chart of AMD highlights key support levels and Fibonacci retracement zones. The price recently bounced from a double support level at 153.49, which is both a gap support and a 61.8% Fibonacci retracement of the prior uptrend. This level's resilience suggests a strong buy zone. The 21-day EMA at 161.47 is acting as a dynamic resistance. If it closes above this level could push the price towards the next resistance at 174.55. The support at 153.49 remains crucial, as a break below this could signal further downside towards 148.00 and 142.00. Weekly Chart: Ascending Trend Line and Pivot Point The weekly chart shows AMD trading above a long-term ascending trend line, indicating a sustained bullish trend. The 21-week EMA at 162.06 provides additional support, and it is very close to the 21 EMA on the daily chart, reinforcing the important of a breakout of this key point. The price has a pivot point of 174.55. Holding above the trend line suggests bullish momentum, with the potential for the price to retest the resistance at 174.55. A break above this level could target the next resistance at 187.00, while a failure to hold above the trend line might lead to a pullback towards the 150.00 level. Conclusion: Key Levels to Watch for Bullish Continuation On the daily chart, the double support at 153.49 is critical. The weekly chart's ascending trend line and pivot point at 174.55 will guide the broader trend. Maintaining support above the key levels on both charts will be essential for a continued bullish outlook. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
AMD Investigating Potential Data Breach by Hacking GroupChipmaker AMD is facing a potential data security breach after a hacking group known as IntelBroker claimed to have stolen sensitive information. This information allegedly includes details on upcoming AMD products, customer databases, and internal documents. While leaked screenshots provide some evidence of a compromise, AMD is working with law enforcement to determine the full scope of the breach and mitigate any potential damage. Investor Jitters and Competitive Risks: The news caused a slight dip in AMD's stock price as investors grappled with the potential consequences. If confirmed, the stolen data could significantly impact AMD's competitive edge, especially if information about future product lines and proprietary technologies is compromised. This wouldn't be the first time AMD has faced such a challenge – the company previously dealt with a data breach in 2022. Cybersecurity Concerns in the Tech Sector: This incident underscores the escalating threat of cyberattacks within the technology industry. With a reported 78% increase in data breaches from 2022 to 2023, the need for robust cybersecurity strategies and vigilant monitoring is paramount. Beyond AMD: Broader Implications: The potential breach highlights the far-reaching effects of cyberattacks. Stolen data sold on the dark web can be used for various malicious purposes, impacting not only the targeted company but also its partners, customers, and the entire industry. Looking Forward: Lessons from the Investigation: As AMD investigates the claims, the outcome will be closely watched not just for its impact on the company's future but also for the broader lessons it offers in the ongoing fight against cybercrime. This incident serves as a stark reminder for all companies to remain proactive and continuously strengthen their cybersecurity defenses against increasingly sophisticated threats.
NASDAQ:AMDShort
by signalmastermind
AMD BearishNASDAQ:AMD Negative news on AMD further damage the stock price, pushed it through key support level and closed at 154.63 as of June 18th 2024. Looking to enter a long vertical put strategy: Buy to Open 1 AMD Aug 16, 2024 155/135 Put Vertical @ $775.00 This is a bearish strategy with limited risk of $775.00 and limited potential reward of $1,225.00. This strategy will profit if the stock closes below $147.25 by Aug 16, 2024. There is a 42.43% probability this will happen.
NASDAQ:AMDShort
by LukeFenglutong
AMD to $10 - bearish divergenceOn the above 2-month chart price action has appreciated 8500% since September 2015. A number of reasons now exist to be bearish. Side note: Timing the market tops or bottoms is not my forte. Instead, these large time frame ideas are an attempt to measure the probability of continued trend versus risk. Why bearish? 1) The ‘incredible sell’ signal prints. On a 2-month chart! This is a bubble. A large bubble. In fact, if you got a moment, it's a twelve-storey bubble with a magnificent entrance hall, carpeting throughout, 24-hour portage, and an enormous sign on the roof, saying 'This Is a Large bubble’. A large bubble requires a large plan. 2) Regular bearish divergence. A number of oscillators are printing bearish divergence with the recent higher high in price action. 3) The upper trend line resistance. Pay attention to this one, look left. Only twice before has price action reacted so strongly to this resistance, once in 84 and again in 2000. Will this time be different? It’s a heck of risk to take! 4) Stochastic RSI tests 40 and rejects. (Purple circles). Look left, the last time this happened a 80% correction followed. Why $10? Well that’s going back to point 3. On the previous two occasions price action confirmed resistance. A correction to the Fibonacci 0.618 golden ratio was then observed. The ratio currently prints around $10. Is it possible price action moves higher? For sure. Who knows where the top is. Is it probable? No. The probability of continued upside is now <10% versus a high risk of downside. Good luck! Ww
NASDAQ:AMDShort
by without_worries
224
Advanced Micro Fails to AdvanceMany chip stocks have surged on AI hopes recently, but Advanced Micro Devices has been notably absent. The first patterns on today’s chart are weekly lows around $161.81 and $172.49. AMD has been stuck between these levels for the past month. In the process, it’s formed a range below its March peak. Will this mark a new top? Second, prices have been unable to break above the falling 50-day simple moving average. The 8-day exponential moving average (EMA) has also slipped back under the 21-day EMA. Those events may reflect weakening intermediate and short-term trends. Third, MACD has turned negative. The weekly chart may have further signals. The bounce in May stalled at a 50 percent retracement of the drop in March and April. AMD also failed to hold a breakout above its 2021 peak. That could make buyers mull the possibility of an even deeper pullback toward the June 2023 high of $132.82. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AMD
by TradeStation
3
AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
4
The limits of silicon have been reachedNASDAQ:AMD The limits of silicon have been reached, and computing machines have hit their maximum potential for many decades. There have been no real achievements since 1984; that was the year when the ceiling was reached. The supposed development has ended. Ray tracing and all sorts of AI crap based on thrice-recycled garbage are no longer suitable for consumption. Advancements in computing technology have stalled, and innovation seems to have plateaued. Despite the hype around new technologies like AI and ray tracing, these developments rely on rehashed concepts and fail to deliver groundbreaking results. The industry needs a fundamental shift to overcome these limitations and achieve true progress.
NASDAQ:AMDShort
by Logica_Levels
6
AMD CALL Bought AMD Call Strike $180 Expiry 14 Jun Entry $2.50 Expecting AMD to reach 1st Target $184 2nd Target $193 Analysis as below: Weekly TF: 1. Uptrend -- Above SMA200 Day TF: 1. Structure -- Inverse Head and shoulder (broke out of neckline, now retesting) 2. RSI -- bullish divergence 4hr TF: 1. MA -- Price closed above EMA 25 (blue) 2. Fib R -- Price closed above 0.618 Fib R aka $158 (uptrend in tact) 3. Confirmation candle -- printed green body candle after bouncing off EMA 25 and 0.618. 4. RSI -- not overbought yet/no bearish divergence (More room for upside) Remarks: Price is currently testing the resistance of SMA100(purple) for the 5th time. The frequency of price testing to break SMA100 becoming shorter (Weaker selling pressure) If price is able to close above SMA50(green) and SMA100(purple), expect AMD to rally in no time.
NASDAQ:AMDLong
by yylee97
2
AMD on 1hr Pullback to $163 or lowerJust verified from past trends but looking from May 17th and May 21st specifically to today, on 6/7 Friday we’re due for a pullback. 📉🔥 My projected pullback Targets are: To $165 to 163.05 then to 162.33 as long as there is no crazy news catalyst. At $165 you might see some chop which was normal from past trends. If targets hit and drop to the downside: my next targets is $160.30 🔥 Happy Trading! 🤝Just my thoughts. 👸🏻 (Please note VWAP is currently: $166.77)
NASDAQ:AMDShort
by angelbaetrades