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1AMD 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.
NASDAQ:AMDLong
by Asakaki-Takanod
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.
NASDAQ:AMDLong
by Darkman07