AMD update: potential path based on technical analysis
No death cross on the daily chart. The stock has significant support at the $73.90 level. Most recent resistance at the $87.10 level.
4H Chart Looking Bearish Short-term but on the verge of a reversal back into bullish sentiment.
We'll see how this plays out with stimulus just being announced with the backdrop of a global semiconductor shortage. It could be choppy, be careful. There could be some chop while the chip shortage is resolved and the tech sell-off finishes, but this should be a good medium-term trade/investment to start building a position in.
Buy under $80.
Price Target $100-115
Stop Loss $70.
4H Chart Looking Bearish Short-term but on the verge of a reversal back into bullish sentiment.
We'll see how this plays out with stimulus just being announced with the backdrop of a global semiconductor shortage. It could be choppy, be careful. There could be some chop while the chip shortage is resolved and the tech sell-off finishes, but this should be a good medium-term trade/investment to start building a position in.
Buy under $80.
Price Target $100-115
Stop Loss $70.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.