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.
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...
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...
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...
