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AMD trade ideas

AMD Still a buy as long as the 1D MA100 holds.Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at 95.00, on a potential contact with the 1D MA200 (orange trend-line) too, which is intact since March 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
6
Will $AMD gonna hit the trendline breakout? There are a few factors that could be contributing to the recent rise in AMD stock price. First, the company has been posting strong financial results. In its most recent earnings report, AMD reported revenue of $5.36 billion, which was up 62% year-over-year. The company also reported adjusted earnings per share of $0.57, which was well above analysts' expectations. Second, AMD is benefiting from the strong demand for semiconductors. The global semiconductor market is expected to grow by 10% in 2023, and AMD is well-positioned to capitalize on this growth. The company is a leading supplier of microprocessors for gaming consoles, personal computers, and servers. Finally, AMD is also benefiting from the recent sell-off in tech stocks. As tech stocks have declined in recent months, AMD has become more attractive to investors. The stock is currently trading at a relatively low valuation, and it has the potential to rebound in the near future. Overall, the outlook for AMD stock is positive. The company is well-positioned to benefit from the strong demand for semiconductors, and it is trading at a relatively low valuation. Investors who are looking for exposure to the semiconductor market may want to consider investing in AMD stock.
NASDAQ:AMDLong
by EaMon_AeMon
AMD - Greed Doth Bad Habits BreedI've noticed that, especially in the last week, the trading community has really transformed into almost full bore greed. People are buying highs on almost anything, especially some of the most dubious of stocks, and getting rewarded with 5-15% gains every day. There's even a popular post on here that asks "As new highs approach, what is the bear case?" Whenever the climate is like this, you really, really have to take a step back and cool your head. If we were in a sustained bull market like we had in 2021, greed may ostensibly be fair enough. But when the Fed rate is at 5.5 percent and there aren't going to be cuts, with 6% enroute before year end, and TBond yields acting like they want to court with 4.5% or 5%, you're sort of in the Twilight Zone right now. If repricing to the downside really does occur, it's going to be fast and sudden. AMD is the company that floundered, and hard, after losing the arms race to Intel for a lot of years. Then it hired a Chinese CEO, who flew over to the Chinese Communist Party's land and did some courtship, and then all of a sudden AMD was worth a lot of money, and has been for a while. You have to really be very careful with anything connected to the CCP and China because of the geopolitical tensions between Xi Jinping and the International Rules Based Order. All the yammering about "Taiwan" is about the IRBO looking to plant a man from Taiwan in Xi's seat when the CCP falls in the exceptionally near term future. Yet Xi, a Chinese nationalist, can defend China's 5,000 year old Divinely-imparted culture, and himself, by weaponizing the 24-year persecution and organ harvesting genocide against Falun Gong that was launched by the Party and former Chairman Jiang Zemin on July 20, 1999. If any of the above really transpires, please use your head: Beijing's noon is New York's midnight. Whatever happens in China is going to happen outside of NYSE/Nasdaq hours, which means those enchanted by greed are one day going to enjoy the bitter fruit of a brutal breakaway gap that never comes back. So, AMD earnings are tomorrow post market. This is notable, because despite all the bull fever and delirium, I note that we really might be watching the markets top right now: SPX - The Sound of a Shattering Iceberg And if you take a look at a number of stock market calls I link below, you'll see there's a number of warning signals that are really worth considering, but still some pretty nice long opportunities. So with AMD, what I'd like to point out as we head into earnings are two things: 1. The market makers left a goalpost at $133, based on the monthly. Price action absolutely does not have to take this point out, but since it counts as "resistance" to retail traders, it stands to reason it will go at some point 2. Price action since the late-June dump is NOT bullish. It is a classic markdown-and-sell-a-lot-more pattern that traps all the people who bought over $120 and have been comfortably numb averaging down. On weekly charts, the red box is a place that price action is likely to return to, and the catalyst for this may very well be earnings. There's really a precedent for this, with Taiwan Semiconductor, which I think is a very high likelihood long-term long even as markets sell off, because it's not a member of the Nasdaq or the SPX: TSM - Taiwan, Your Semiconductor Long Hedge An important thing to note about TSM is that it's a very similar set up to AMD, but also a lot more bullish of a pattern, and yet it lost some 7% on earnings. Earnings plays are very hard because the fundamentals don't matter. You get major gap repricing and have to pay a high premium for leverage or for puts/calls to boot. Yet, a dump under $100 for AMD would likely be a real buying opportunity with a target over $135. While you might find it too good to be true, May was already a $50/65% month for AMD. Yet nobody wants to buy when there's big red. Instead, they want to buy on green and HODL, because you've been so perfectly conditioned, Pavloved, and trained by smart money. Alternatively, if earnings were to raid $135, it may very well be the sell of the year. Good luck. With the situation as it is, you should always ask yourself: "Are we really going to set new highs, or are we at the top of a bear market rally?"
NASDAQ:AMD
by LordWrymouth
AMD upside met. Now looking for $110-11This is pretty cool that I'm getting some consistency with the numbers on AMD. Typically, when a number is hit, (which had been 118 on my prior idea) we get a decent reversal. My dowsing is suggesting a "breakdown". Like, it's given me that option every time I ask (3xs). Now, time frame can be an issue, but I do expect indexes to give it up after earnings later or the week, so AMD could have some decent downside. I do get a potential for $107, but it might not be this week. $110 seems likely though.
NASDAQ:AMDShort
by JenRz
10
AMD Share Price on the Rise After Financial Statement ReleasePositivity: → Advanced Micro Devices EPS of USD 58 cents (Wall Street Consensus = 57 cents); → Q2 revenue of USD 5.36 billion (Analysts expectation = USD 5.3 billion). Negativity: → revenue from data centers decreased by 11% compared to the same period last year; → PC revenue fell 54% year-over-year: the pandemic is fading. Particular attention of investors was attracted by the words of CEO Lisa Su regarding AI. According to her, by 2027 the market for artificial intelligence processors in data centers will exceed USD 150 billion. She also noted that in Q2, the company's AI business grew 7 times. AMD's share price jumped up +3% after the report, which was published after the end of the main trading session. At the same time, the AMD stock chart shows mixed signals. Bullish technical analysis arguments for AMD stock: → AMD share price continues to rise within the rising channel in 2023, acting significantly stronger than the S&P 500 stock market index; → AMD's USD 110 support level, originating from the May bullish gap, has confirmed its strength. Bearish arguments: → After a jump related to reporting, the price decreases in the premarket. A long upper shadow is a sign that the first positive emotional reaction could be wrong; → AMD's share price is experiencing resistance near the USD 122 level, which originates from the low of the bear bar on June 13 (the day the NASDAQ exchange recorded the largest trading volumes for the spring-summer, which indicates selling pressure). According to MarketWatch, the average target price for AMD shares is USD 137.50 — analysts are positive about the prospects, seeing the renewal of the historical maximum. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMD
by FXOpen
AMD Long will Go to 260$ or higher New 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year. I have explained 2 bullish scenarios,1 bearish(worse case). Bullish: higher highs higher lows poc uprising volume increasing capital flow rising In case the Take profits hit, and we have increased volume, I will ride the trend. I will only take profit 10% of the AMD portfolio and let the profit run. Exit :Stop loss or trend change signal The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run. This trade setup is only for trend followers and on daily TF.
CAPITALCOM:AMDLong
by DaveBrascoFX
AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: in the previous update of AMD I published on July 9th, I had AMD in wave (IV) of A, expected AMD to bottom on July 19th at 105, then continuation to the upside. Update: the 40W cycle trough is in. This means I am extremely bullish on this name. Let's go through the details: Analysis of the structure: AMD is definitely not easy to count. Not only because of my observations on the cyclic analysis of AMD, but also the structure is very bullish. I think we are in wave (3) of C of (III) of (a) of III. Analysis of the cycles: I have enough confirmations to assume that the 40W cycle trough is in. This means we are in the second 40W cycle of the first 80W cycle of a 54M cycle.
NASDAQ:AMDLong
by bamdadsalarieh
Gap Filled, Retest Done. Now What is Trading plan?Hi mates, sharing daily time frame chart of Tech Giant AMD as we can see on this provide chart that breakout happened in it by a gap up looking that gap is filled with a successful breakout retest too so I am sharing mine simple trade plans for it below. Plan 1- So as we know after seeing this chart that it very good and price is clearly looking in uptrend now so it's very possible that price will go up touch the resistance one and will get a rejection from there and will come to support it will bounce again and will start marching for upsides towards 132 levels looking a potential upside now after retesting. Plan 2- Price will break resistance one directly and will get a rejection from resistance two and will come to touch resistance one in this case this resistance one will act as support and will bounce from there in this scenario I am looking the same upside levels mentioned in plan 1. Best Regards- Amit Rajan
NASDAQ:AMDLong
by AMIT-RAJAN
12