How To Trade (AMD)

November 09, 2024, 13:26 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMD

• Buy AMD near 135.15 target 160.54 stop loss @ 134.76 Details

The technical summary data tells us to buy AMD near 135.15 with an upside target of 160.54. This data also tells us to set a stop loss @ 134.76 to protect against excessive loss in case the stock begins to move against the trade. 135.15 is the first level of support below 147.95 , and by rule, any test of support is a buy signal. In this case, support 135.15 would be being tested, so a buy signal would exist.

• Short AMD slightly under 160.54, target 135.15, stop loss @ 161 Details

The technical summary data is suggesting a short of AMD as it gets near 160.54 with a downside target of 135.15. We should have a stop loss in place at 161though. 160.54 is the first level of resistance above 147.95, and by rule, any test of resistance is a short signal. In this case, if resistance 160.54 is being tested, so a short signal would exist.

Swing Trading Plans for AMD

• Buy AMD slightly over 160.54, target 188.92, Stop Loss @ 160.08 Details

If 160.54 begins to break higher, the technical summary data tells us to buy AMD just slightly over 160.54, with an upside target of 188.92. The data also tells us to set a stop loss @ 160.08 in case the stock turns against the trade. 160.54 is the first level of resistance above 147.95, and by rule, any break above resistance is a buy signal. In this case, 160.54, 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 160.54, target 147.81, Stop Loss @ 161. Details

The technical summary data is suggesting a short of AMD if it tests 160.54 with a downside target of 147.81. We should have a stop loss in place at 161 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, 160.54, 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 149.28, target 160.54, Stop Loss @ 148.93 Details

If 149.28 begins to break higher, the technical summary data tells us to buy AMD just slightly over 149.28, with an upside target of 160.54. The data also tells us to set a stop loss @ 148.93 in case the stock turns against the trade. 149.28 is the first level of resistance above 147.95, and by rule, any break above resistance is a buy signal. In this case, 149.28, 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 149.28, target 147.81, Stop Loss @ 149.63. Details

The technical summary data is suggesting a short of AMD if it tests 149.28 with a downside target of 147.81. We should have a stop loss in place at 149.63 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, 149.28, 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 November 09:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	135.15
P2	145.38	136.05	160.54
P3	149.28	147.81	188.92

AI Generated Signals for AMD

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This report provides trading strategies for Advanced Micro Devices Inc. (NYSE: AMD) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMD too.  All of these are offered below the Summary Table.