Friend asked me to do a Volume Profile for levels on NASDAQ:AMD It has hit and held the 50% Retracement. The next VP node is 157.79. One could be patient and wait but I like the long now. "You know when you're wrong" (it breaks 157.79) so I know where to stop out.
Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing. It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years. The last correction from June to October 2023 was exactly -30.15%. Exploit a double entry strategy with the first buy here on the...
holding well above major trendline/SMA support, some higher lows within the consolidation zone.. watch for a break and close over 182.07 soon, after that parabolic rally to 200+ will follow in my opinion! Boost and follow for more ❤️🔥
Bought some calls this morning, we are at low volume node, and 50% retracement. typically where sellers dry up under that last PoC. We saw a nice reaction. Two analyst upgrades today, targets from 180-200 dollars. AMD's recent announcement about expanding its commercial AI PC portfolio with the Ryzen PRO 8040 and 8000 Series processors is bullish due to several...
If AMD and NVDA correct, this is the likely the worst-case bear case scenario for AMD. I have a feeling this is just a much needed pull back but this is just my bear-case analysis. Per @novamatic, the 1.618 fib acts as a "knife-catching" magnet. Using that along with the confluence from historic support, we can assume that will be the "bottom" on the correction.
AMD is hitting the resistance of the broadening wedge, from a daily chart perspective price is seeking a daily cycle high so there is an opportunity to tru and hit resistance again but once a swing high forms at the weekly we have higher confidence that price will retrace at minimum to the black mid-line.
Ticker: AMD (Advanced Micro Devices) Current Price: $163.26 Technical Analysis: - RSI Observation: The RSI (grey line on custom indicator) is currently at 35.08, indicating oversold conditions. Notably, there is a bullish RSI divergence (yellow lines on chart) with the price, suggesting a potential reversal to the upside. Support and Resistance Zones: - Support...
This is a chart I created several weeks ago. I find these points of inflection fantastic for support or resistance depending on the PA of course. I've drawn these on several tickers and the outcome is almost always the same. This is just information. Do what you want with it.
FIb retraction from low of 92 to high of 226.7 - 50% retraction at 161.8 Wait for conformation above 177 - aim for extension of up move to 266
After seeing NVidia's reaction to there event, SMCI falling and a dead cat bounce. I truly have high hopes for AMD, BUT as we see in the volume profile levels there are gaps to be filled on the downside. But, another thing to take into consideration is the chips act is awarding grants and loans to these companies now. Good news could be the only thing that makes...
AMD - Head & Shoulder breaking down? Ai is slowing down?
Anybody could explain to me how to avoid a take profit order being filled on tops of wicks ? In this example I'm backtesting AMD gettex whole history. First of all I think this 900% wick is erroneous data. Then, I activated the option "After order is filled" and I'm backtesting the 1W timeframe. This bug gets triggered often on stop sell orders. I think I...
As of 10 April 2024, AMD PE ratio is at 334. It had a long failed upward candle on 8 March 2024. Downside till 95 dollars.
AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that...
After an impulse move down, AMD is showing balance at a key level. A move away from this area should be violent. Wait on the break and hold to enter.
NASDAQ:AMD is currently forming a H&S pattern on the weekly chart. I think the price will continue to chop in the right shoulder range until earnings, at which point the price will begin its decent to the lower extremity of the weekly Zig Zag Channel ($140 range). In the meantime, I am watching the Value Area H&L levels shown on the Anchored Volume Delta...
AMD Long target 27 fib, EMA 200 and SMA 200 confluence zone