Here's my current chart for AMD.
I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom??
I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime.
My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride!
**Note, I have not looked at any fundamentals yet.
I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom??
I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime.
My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride!
**Note, I have not looked at any fundamentals yet.
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discord.gg/kFndmqab9y
Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Cashapp enters my YOLO account.
Venmo gets donated to the local Animal Shelter.