$AMD Ready to go bullish???Hello all,
NASDAQ:AMD looks like its gonna form a base around the 90-95 levels and would be soaring back in 3 digits soon.
As you can see the chart says the same on weekly but I am more inclined to check the monthly closing for NASDAQ:AMD in order to go buy this counter.
Let me know your thoughts on the same and its not a financial advice please consult before investing as we do not share profits so would not share the loss as well.
AMD.B trade ideas
Trade Idea on AMD: The Case for a Sweet Double BottomAssumption & Context
Let’s address the elephant in the room: the $118 level. Technically, it's a lower low, just 3% below the previous $122 low. However, in my view, it’s not a lower low in the traditional sense. Why? Because this area likely attracted a ton of stop-loss orders, creating what I call (Wyckoff ripped me off) a "selling climax" — a quick 3% shakeout that wiped out the obvious players. It's like AMD decided to yell, "Gotcha!" before flipping.
This leads me to my current trading hypothesis: $118 could be the sweet spot for a double bottom, precisely the entry point that many savvy traders have been waiting for.
I’m betting AMD will leave NVIDIA eating its dust in the short to mid-term. Why? AMD’s upside potential is like spotting a rocket on the launch pad, while NVIDIA feels more like a plane that’s already cruising at 35,000 feet. And let’s face it, semiconductors + GPUs ?? — you can’t go wrong with them these days.
Trendline Support and Key Demand Zones - Bullish OutlookThis analysis highlights a potential bullish setup with price action near a key ascending trendline, supported by a minor buying zone. The chart displays multiple demand zones where price has previously reacted, indicating potential areas of interest for buyers. The current consolidation near the trendline suggests the possibility of a bounce.
Key elements of the chart:
Trendline Support: Price is respecting a long-term ascending trendline, offering a solid base for bullish momentum.
Demand Zones: Multiple demand zones are marked, indicating areas where buyers have previously stepped in.
Minor Buying Zone: A highlighted zone where price might find short-term support for a potential reversal.
Risk-Reward Setup: A favorable risk-reward ratio is depicted, targeting higher resistance levels.
This setup is ideal for traders looking for a confluence of support levels and a clear directional bias. A break below the trendline may invalidate the setup, emphasizing the importance of proper risk management.
AMD DAILY HAMMER BABYGIRL You heard me, I smell the benjamins coming. 190 is my main area of interest but seeing hints of 210 220 possibly. excited! Daily hammer candle above range is very bullish
Another Hammer on hourly, where we can see MAs 20, 50, AND 100 all were retested and held
NFA - always opinion
AMD to 185, then 200. NFAAMD is looking bullish. Good volume bottoms, a nice support retest in extended hours in preparation for markup. Looks like a good entry for calls. This isn't financial advice or recommendation. just an idea to share in words
I like $200 and $210 strikes for April19th expiry the most. Will watch those
NFA
NASDAQ:AMD
Upper Limit for the next month is @105A rising wage pattern on the daily timeframe and also have a good resistance at around 105 and will face some support at around 74, also on a lower timeframe (1H) it's making a Head & Shoulder pattern which is a clear sign of downtrend. and also option data supporting that its going to go downwards next month so 3 strong points 👍