Hello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest...
This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well.
NOTE:SELLING PRESSURE IS WAY TOO MUCH
This has been a highly requested video and AMD may not have been the best place to start - but it is helpful to see nonetheless.
I will start to do this type of analysis video more in the future if people find it helpful toward building their own algorithms and their own "story".
See you all next time!
Happy Trading :)
- TraderDaddyOG
Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the...
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Tapering is everything to prove that sellers are weakening and lacking further intention to drop. However, we do have room to the downside to find our green and orange buying continuation/support algorithms.
I will not be going long here until I see signs of magenta and teal controlled price and building further liquidity for a sustained move upward.
Happy Trading :)
An activation of white as our support would be amazing news for the bulls - if it can utilize the strength here to break out of our controlled (but strong) selling channels. If we fail white and get pushed down further (early indication of this will be a failure to hold Teal as support), orange is our next step and is not the most bullish signal for us in the...
Watch for our strong selling purple to continue to push us down to support at orange.
If however yesterday's push down was to prove tapering on orange, we could see a breakout of purple and be back within our magenta tapered controlled selling to continue to move up.
Keep an eye out and I will update you as price develops!
Happy Trading :)
NASDAQ:AMD cycles
Daily - looks to have started decline to HCL which is putting NYSE:ADM at a risk of daily cycle failure.
Weekly - printed weekly swing low on the tail end of the weekly cycle. Looking for the decline into ICL around mid May
Monthly - Bigger picture, just coming out of 7 year cycle low. We typically dip into HCL decline into...
If we open up above this floor, I will
be looking to take AMD long up to resistance (188.26)
If we open up below the floor (185.25), then
I'd look to short down to 179.55
Didn't want to forget this one because if we do activate purple we can see price attempting former highs and the weekly taper levels.
Look for price to develop here and if the trade comes to us, amazing. If not, there will be more opportunities.
Happy Trading :)
AMD presented a great play short today. I got the retest of premarket lows but never broke below the bottom of my PotterBox.
I like AMD long with an open at or above the PB we're sitting on (199.50) and short below 197.
In this video, as i've been showing in the past analysis videos, I explain why we're moving the way we are and what we need to see in order to take a confident long position. Basically, when is this "downtrend" or what I prefer to call it "controlled selling" going to end so that bulls can take control again.
Happy Trading :)
Hope this helps you understand what's happening with AMD (and any stock for that matter) - I'm sure it did as it works for me!
Stay tuned for further analysis as price develops!
Happy Trading :)
We predicted this liquidity build by the buyers using our controlled selling orange channel. This morning off of strong selling volume, we gapped down towards the bottom of this channel and are now looking to see how takes control. Can buyers utilize green contination to break us out of orange selling? OR will we see purple tapered controlled buying being utilized...
Going over AMD price action trying to listen to what the market is telling us. how can we position ourselves for success by listening?? everything depends on NVDA earnings on WEdnesday. that will be the trigger and time to take action.
I am bullish on this stock longer term as most everyone is but it's rare to have a clear short opportunity to capture the pullback - and with the 5day and 20day averages sitting so close this could be our shot.
As always, keep you posted with more analysis as price develops!
Happy Trading :)
