AI stocks are moving on earnings, and AMD is the clearest case right now. It fell from a high near 658 to a low near 465, then spiked toward 515 after the Q3 report and gave most of it back. The bias is bullish on fundamentals, but I only go long if the chart confirms with a 4H close above 505.
On the same theme, Bitget IPO Prime’s earlier rounds did well on paper. preSPCX peaked at $948 from a $650 subscription price, and preOPAI peaked at $1,079 from $725 (reported by ChainCatcher in late May).IPO Prime has now listed Anthropic. These tokens give economic exposure, not direct equity, and the issuers have not endorsed them. The gains above are peak paper gains, not guaranteed returns.
1) Fundamental outlook: leaning bullish
• Momentum: AMD fell about 23% in the month before earnings (247WallSt). It is still well below the 658 high.
• Catalysts: Q3 revenue rose 45% to $13.4B and Q4 guidance is about $17B (Markets.com). CNBC reported a roughly 7% after-hours jump. Gross margin slipped to about 55%, and cash flow and customer-warrant dilution are the concerns
• Macro: Rates are a headwind. The Fed raised 25bp in September, and the 10-year yield topped 5% in mid-September (Seeking Alpha). I couldn’t confirm the latest rate and yield levels, so check them before posting. On the politics side, Democratic gains in the midterms are pressuring stock futures.
• Sentiment: It is mixed. Earnings were strong, but the after-hours spike faded.
2) Technical analysis (4H)
• Structure: The high at 658 sits just under a supply zone (655–673). The lower high at 578 and lower low at 465 are bearish. The break below 505 is a bearish break of structure.
• Breakout and confirmation: 505 is now resistance, and the post-earnings spike was rejected at 505–515. A 4H close above 505 that holds on a retest would be the first sign of a reversal.
• Key levels: Resistance is at 505, 525, 578 and the trendline. Support is at 465, then the demand zone at 437–450.
3) Trade plan
• Asset: AMD (NASDAQ)
• Direction: Long, conditional
• Timeframe: 4H
• ENTRY: 508, after a 4H close above 505 and a successful retest
• STOP LOSS: 470, below the higher low
• TAKE PROFIT: 578, with a partial at 525
• REWARD-TO-RISK: about 1:1.8
If it works, price holds 505 and moves to 525, then toward the lower high at 578. The trendline near 550–560 is the first big test.
The idea is invalidated by a 4H close below 465, or by another rejection at 505 that makes a lower high. In that case, watch the 437–450 demand zone.
On the same theme, Bitget IPO Prime’s earlier rounds did well on paper. preSPCX peaked at $948 from a $650 subscription price, and preOPAI peaked at $1,079 from $725 (reported by ChainCatcher in late May).IPO Prime has now listed Anthropic. These tokens give economic exposure, not direct equity, and the issuers have not endorsed them. The gains above are peak paper gains, not guaranteed returns.
1) Fundamental outlook: leaning bullish
• Momentum: AMD fell about 23% in the month before earnings (247WallSt). It is still well below the 658 high.
• Catalysts: Q3 revenue rose 45% to $13.4B and Q4 guidance is about $17B (Markets.com). CNBC reported a roughly 7% after-hours jump. Gross margin slipped to about 55%, and cash flow and customer-warrant dilution are the concerns
• Macro: Rates are a headwind. The Fed raised 25bp in September, and the 10-year yield topped 5% in mid-September (Seeking Alpha). I couldn’t confirm the latest rate and yield levels, so check them before posting. On the politics side, Democratic gains in the midterms are pressuring stock futures.
• Sentiment: It is mixed. Earnings were strong, but the after-hours spike faded.
2) Technical analysis (4H)
• Structure: The high at 658 sits just under a supply zone (655–673). The lower high at 578 and lower low at 465 are bearish. The break below 505 is a bearish break of structure.
• Breakout and confirmation: 505 is now resistance, and the post-earnings spike was rejected at 505–515. A 4H close above 505 that holds on a retest would be the first sign of a reversal.
• Key levels: Resistance is at 505, 525, 578 and the trendline. Support is at 465, then the demand zone at 437–450.
3) Trade plan
• Asset: AMD (NASDAQ)
• Direction: Long, conditional
• Timeframe: 4H
• ENTRY: 508, after a 4H close above 505 and a successful retest
• STOP LOSS: 470, below the higher low
• TAKE PROFIT: 578, with a partial at 525
• REWARD-TO-RISK: about 1:1.8
If it works, price holds 505 and moves to 525, then toward the lower high at 578. The trendline near 550–560 is the first big test.
The idea is invalidated by a 4H close below 465, or by another rejection at 505 that makes a lower high. In that case, watch the 437–450 demand zone.
I’ve been trading gold and stocks on Bitget:bit.ly/3VOQCF4
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
I’ve been trading gold and stocks on Bitget:bit.ly/3VOQCF4
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.