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
I believe this is just a retracement that we're at the tail end of. The parabolic upside moves have been rebalanced and expect a continuation back up here @ some value. +EV
Here's my new assessment for our beloved NVDA's kid.
Retested Neckline for a beartrend.
market structure overall was bullish for a while - SPY/QQQ broke and had a trend change but AMD still on the verge of melting down.
MACD- RSI no signs of strength
4/30/24 - vrockstar - obviously expensive but the EPS growth allows to make up whatever multiple. one of few co's that is probably minimally 2 yrs away from whatever nvda is putting out and has capacity to absorb something similar (e.g. groq) or partner w/ someone else. think the narrative on semis remains strong/ bid and any beat here will be a rip and stick. any...
AMD is now on the lower end of the upward channel and sits right on the daily MA-50. If you believe it will go up, then this is the perfect entry. If it drops out of the channel and below the MA-50, then it's time to go short.
recent article on Barron's chip makers are facing more competition, I did talk positive about AMD growth but mention about Cerebras Systems with a new IPO this year and a faster chip that will more than double NVDA's. The is still some selling pressure but we are reaching some good support and volume has decrease a bit on sell days.
If not then we are continue to see its down fall..
lowest it might tap is 135-133
earnings will either rekt them more or save them..
Good luck traders.
I have puts all over but swinging calls if opportunity presents itself "relief bounce"
NASDAQ:AMD On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area.
A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023.
Judging from the magnitude of this pullback and...
If AMD's stock fails to maintain its position around the $160 mark, it could potentially drop to around $152 within this week. it's performance is also influenced by broader market trends. If the SPY fall and stay below $500, it wouldn't be surprising to see AMD's stock decline to the vicinity of $130 in coming weeks.
As of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple).
The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction...
Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the...
Too few people want to play the game of UP in NASDAQ:AMD AMD now... but we need participants for to move....
To catch their interest we must go up to collect bulls for further down trip to AMD's true value of 130$ after any 1Q report that will be probably considered as week.
For the moment is my opinion, it looks like this.
Remember: those who don't support...
