AMD is playing out as planned since the initial Q2 prediction with a dip into the buy zone. I’ve been saying that AMD is an excellent buy opportunity under $100, and the bearish August and September price action has helped to send AMD down to this price level. I have $158.53 as a key price target for Q4, and I believe that AMD will form a new all-time high...
NASDAQ:AMD has broken out of its wedge which it has been forming for quite sometime. Since it has broken out, it may come back to the $114.64 price level to use it as a support, and shoot up to $135.72. Or, it could just continue this bullish rally to the ultimate $135.72 price level. Congratulations to those who have successfully traded the first part to this ...
AMD is currently creating a possible weekly higher low which is an indication of the start of a uptrend on lower time frames. AMD also has earnings after market today which could initiate the move or invalidate it. With the weekly having a closed bullish Pinbar @ the trendline there is strong confirmation signaling a bullish move up for the next week or two.
- $AMD continues to push higher, along with the broader tech sector, amid overall market strength.
- AMD broke through its tough resistance at $90 and is currently closing around $97.
- Technical indicators are signaling that it's overbought, so don't be surprised if the stock pulls back. Bulls need to hold AMD above $85-90 to continue its bullish momentum.
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🟢 AMD
TF: 3D
Side: Long
SL: $54.69
TP 1: $86.81
TP 2: $101.65
TP 3: $113.65
AMD has done falling and showing signs of recovery by creating a possible rounding bottom in lower time frames.
I think it will start pushing back up now as RSI and MACD look like they have bottomed and wanting to go up.
AMD breaks out from its 3 day losing streak to 4 day winning streak after the feed week and blue chips earnings. AMD looks like a falling chopstick at 4hr chart. but also clearly visible its lower high movement. with earnings coming up tomorrow after market close. i expect $AMD to pull back along with the overall market as it starts to cool off its steam from 4...
$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...
