When (AMD) Moves Investors should Listen

April 08, 2024, 12:10 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMD

• Buy AMD slightly over 146.36 target 170.77 stop loss @ 145.94 Details

The technical summary data tells us to buy AMD near 146.36 with an upside target of 170.77. This data also tells us to set a stop loss @ 145.94 to protect against excessive loss in case the stock begins to move against the trade. 146.36 is the first level of support below 169.775 , and by rule, any test of support is a buy signal. In this case, support 146.36 would be being tested, so a buy signal would exist.

• Short AMD slightly under 170.77, target 146.36, stop loss @ 171.26 Details

The technical summary data is suggesting a short of AMD as it gets near 170.77 with a downside target of 146.36. We should have a stop loss in place at 171.26though. 170.77 is the first level of resistance above 169.775, and by rule, any test of resistance is a short signal. In this case, if resistance 170.77 is being tested, so a short signal would exist.

Swing Trading Plans for AMD

• Buy AMD slightly over 170.77, target 172.22, Stop Loss @ 170.28 Details

If 170.77 begins to break higher, the technical summary data tells us to buy AMD just slightly over 170.77, with an upside target of 172.22. The data also tells us to set a stop loss @ 170.28 in case the stock turns against the trade. 170.77 is the first level of resistance above 169.775, and by rule, any break above resistance is a buy signal. In this case, 170.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMD slightly near 170.77, target 146.36, Stop Loss @ 171.26. Details

The technical summary data is suggesting a short of AMD if it tests 170.77 with a downside target of 146.36. We should have a stop loss in place at 171.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 170.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMD

• Buy AMD slightly over 170.77, target 172.22, Stop Loss @ 170.37 Details

If 170.77 begins to break higher, the technical summary data tells us to buy AMD just slightly over 170.77, with an upside target of 172.22. The data also tells us to set a stop loss @ 170.37 in case the stock turns against the trade. 170.77 is the first level of resistance above 169.775, and by rule, any break above resistance is a buy signal. In this case, 170.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMD slightly near 170.77, target 167.68, Stop Loss @ 171.17. Details

The technical summary data is suggesting a short of AMD if it tests 170.77 with a downside target of 167.68. We should have a stop loss in place at 171.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 170.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Advanced Micro Devices Inc. (AMD) available here: AMD.

AMD Ratings for April 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	146.36
P2	167.68	172.22	170.77
P3	174.35	180.38	198.44

AI Generated Signals for AMD

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