Technical Analysis on AMD

$Advanced Micro Devices(AMD)$

AMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.

The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure.

Initial upside target = 150-158 by mid to late Jan. 2024 (point target = 150 by 1/12/2024)

After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).

Most bullish path to target:

- clears resistance early this week and hits 147 by 12/29
- pullback to test 141-143 for support
- continue to 158 by 1/12/2024

I wouldn't consider shorting this until at least 150s, but better to wait until 160s. Ride this bullrun for this final pump, it can over-extend targets best case

Entered Jan 19 145.00 calls

AMD: Almost ready to take off

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Will Semi Sector Continue to Shine Next Year?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":b83634e66158413ebbbfb44d2dc8dd4a}&rnconfig={\"headerBarHidden\": true}","description":"Amidst the AI boom, US semi sector is a particularly noteworthy presence in 2023.\n--------------------------------\nHow do you view the investment opportunities in the semiconductor sector?\nWill Semi Sector Continue to Shine Next Year?","image":"https://community-static.tradeup.com/news/44808c6079bf58316d66d58c5cf3a459"}],"images":[{"img":"https://community-static.tradeup.com/news/b4267a4ad252be5bb01f1194cd590eb7","width":"932","height":"550"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/b4267a4ad252be5bb01f1194cd590eb7","width":"932","height":"550"}],"title":"Technical Analysis on AMD","html":"<html><head></head><body><p> <a data-mention-id=\"AMD\" class=\"teditor-mention\" data-mention-name=\"Advanced Micro Devices\" href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> <v-v data-views=\"1\"></v-v></p><p><strong>AMD needs to clear the dashed red line resistance around 140.</strong> The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.<br><br><strong>The green upward funnel represents buying pressure.</strong> This will take it to new highs and overpower the selling pressure.<br><br>Initial upside target = 150-158 by mid to late Jan. 2024 (<strong>point target = 150 by 1/12/2024</strong>)<br><br>After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).</p><p><strong>Most bullish path to target:</strong><br><br>- clears resistance early this week and hits 147 by 12/29<br>- pullback to test 141-143 for support<br>- continue to 158 by 1/12/2024<br><br>I wouldn't consider shorting this until at least 150s, but better to wait until 160s. Ride this bullrun for this final pump, it can over-extend targets best case</p><p>Entered Jan 19 145.00 calls</p><p class=\"t-img-caption\"><img alt=\"AMD: Almost ready to take off\" title=\"AMD: Almost ready to take off\" src=\"https://community-static.tradeup.com/news/b4267a4ad252be5bb01f1194cd590eb7\" tg-width=\"932\" tg-height=\"550\"><span>AMD: Almost ready to take off</span></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"AMD\" class=\"teditor-mention\" data-mention-name=\"Advanced Micro Devices\" href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> <v-v data-views=\"1\"></v-v></p><p><strong>AMD needs to clear the dashed red line resistance around 140.</strong> The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.<br><br><strong>The green upward funnel represents buying pressure.</strong> This will take it to new highs and overpower the selling pressure.<br><br>Initial upside target = 150-158 by mid to late Jan. 2024 (<strong>point target = 150 by 1/12/2024</strong>)<br><br>After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).</p><p><strong>Most bullish path to target:</strong><br><br>- clears resistance early this week and hits 147 by 12/29<br>- pullback to test 141-143 for support<br>- continue to 158 by 1/12/2024<br><br>I wouldn't consider shorting this until at least 150s, but better to wait until 160s. Ride this bullrun for this final pump, it can over-extend targets best case</p><p>Entered Jan 19 145.00 calls</p><p class=\"t-img-caption\"><img alt=\"AMD: Almost ready to take off\" title=\"AMD: Almost ready to take off\" src=\"https://community-static.tradeup.com/news/b4267a4ad252be5bb01f1194cd590eb7\" tg-width=\"932\" tg-height=\"550\"><span>AMD: Almost ready to take off</span></p></body></html>","text":"$Advanced Micro Devices(AMD)$ AMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity. The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure. Initial upside target = 150-158 by mid to late Jan. 2024 (point target = 150 by 1/12/2024) After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target). Most bullish path to target: - clears resistance early this week and hits 147 by 12/29 - pullback to test 141-143 for support - continue to 158 by 1/12/2024 I wouldn't consider shorting this until at least 150s, but better to wait until 160s. Ride this bullrun for this final pump, it can over-extend targets best case Entered Jan 19 145.00 calls AMD: Almost ready to take off","highlighted":1,"essential":1,"paper":2,"likeSize":4,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/256568504299648","repostId":0,"isVote":1,"tweetType":1,"viewCount":375,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AMD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":860,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/256568504299648"}