BIG Reddit Mentions | ChartExchange

There are as many opinions on the market direction as there are investors and spectators in the world. I can see you haven't heard from all of them yet and I hope you sold your BIG position at much higher levels than AMD is trading at today. I have been trading using various strategies since the late 80's and typically call myself a swing trader mostly because that is what appeals to me AND I trade in a retirement account with tax advantages which is both a blessing and a curse. If you do not trade in a tax deferred account it is usually much better long-term to just do a buy and hold for the most part. To be a trader of sorts, I would recommend a few approaches and will identify a few challenges of being a trader, as I could write a book.
The biggest challenge to trading is having the mental fortitude to buy when the market feels and looks like it is melting down. Why didn't you buy some at 188 or 190 earlier this week? Even if you had bought 10 shares you would be up today and not wishing for 190 once more., or not quite so much. The point here is to average in and average out buy the way or if you make big sales, to have some place to park those dollars so they are still working for you.
In order to swing trade, I suggest dividing your pot of investable cash into 10-20 tranches and be disciplined to only invest one of those tranches when the stock reaches some low level. You could decide to look at a stock like AMD on a daily or weekly chart, weekly might be better really, and count the times AMD has hit some level such as the 20DMA or 50DMA over the last 2-3 years for example and to visually see where it is moving over those weekly timeframes. If you do not equip yourself with this larger timeframe context, then you are simply whipping around in the wind of every piece of news and rumor you hear every day. You should KNOW that VERY little of what you hear or read is truly current but has a one to 3 day lag and is not really all that actionable. Further many things posted as news today may be recycled from weeks ago as well.
So, let me offer some factual perspective on where AMD's weekly chart is as I read it today. I use SMA's not EMA but the real differences are immaterial and anyone can simply put both on their charts and see those differences. If I was day trading and looking at 1 to 5 minute charts, THEN, using EMA's matters.
So back to the AMD charts, AMD is now in its' 6 consecutive week of lower lows and that is important. I noted in my opening remarks today that AMD is very close to closing this week with a higher weekly close than last week, even though it dipped to a lower low early this week. THIS suggests we may be at a weekly low pivot point. I certainly do NOT KNOW but am simply observing the market behavior,. AMD closed last week at 200.21, so keep that number firmly in mind.
Stepping back for more context, AMD's 3 year mean weekly average is 187.98, which is almost tagged this week with a low of 188.22. That is damn close. We can also see that the 50week SMA which is in an ascending slope so moving higher si currently at the 173.01 level this week and moving up about 2-3 dollars per week. This dynamic is important as AMD last crossed the 50 week MA in June of 2025 and has operated above it ever since. In fact this is the longest consecutive week drop in AMD since that time as well. From my personal perspective, I am expecting AMD to put in some sideways range trading action over the next 2-5 weeks as we end the core of the earnings season and the stock puts in some consolidation before moving gradually higher back to the 220 level. It is very common for stocks to put in some sideways movement following a sharp decline as AMD has experienced. AMD is also prone to some sharper moves based on announcements of significant deals. We never know then that can happen.
One of my favorite SMA's or MA's is the 5 week and 5 day MA. AMD's 5 week MA is at 203.55 for this week and is in a sharp downward slope. The sideways action for a few weeks will give this average time to flatten and turn as the stock is likely to move above that 5 week MA effectively indicating a positive improvement in the stock price. You can also observe the 5 day MA for breakouts.
Everything I have written here is just from looking at the charts it is not predictive but offers perspective on the direction of the stock and one can estimate, infer or assign some probabilities of the moves over the next several days and weeks. It is important to consider that the market decides what happens next for AMD. I am observing that the price action for AMD today is fairly strong as AMD is down .61% as I write this exactly the same as the QQQ right now, but has actually been exploring higher prices than this moment most of the morning. Good Luck in your trading. Only you can decide how much the day to day news or commentary can or will influence how you actually trade

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