AMD at BUY ZONES with Earnings
AMD is at an Inflection Point. Upcoming Earnings and Company Forecasting will determine bearish continuation or rebound. Currently at my 1st buy zone at 200 EMA + is also at VWAP from 2021 High and 2022 low. Downside: with 17% downside to 2nd Strong Buy Zone around $95.
- Technical Indicators: Oversold with Bullish Divergence on RSI, MACD, STOCH,
-Timeline: concurrent with downtrend timescale from previous draw (over 300 days)
^$^ I have begun accumulation buying shares and selling puts. *I hope to see $95 and $75 with further accumulation and holding to sell at $160 (39% gain at current price) , $180 (56%) , $220 (91%) + keeping 25% shares for long term portfolio.
-News: Downgrades "conservative PC and traditional server unit outlook—and modest growth for data center graphics processing unit (GPUs), possible exporting regulations & lower exposure to AI compared to competition.
Positives: outsourced manufacturing model, as its tight relationship with industry leader Taiwan Semiconductor TSM enabled it to grab a technological lead when rival Intel INTC stumbled with its internal manufacturing road map. AMD’s data center business should boom over the next few years. Its server central processing units should be in high demand, as should its GPUs suited for AI workloads.
All information opinions & analysis welcome- good trading
- Technical Indicators: Oversold with Bullish Divergence on RSI, MACD, STOCH,
-Timeline: concurrent with downtrend timescale from previous draw (over 300 days)
^$^ I have begun accumulation buying shares and selling puts. *I hope to see $95 and $75 with further accumulation and holding to sell at $160 (39% gain at current price) , $180 (56%) , $220 (91%) + keeping 25% shares for long term portfolio.
-News: Downgrades "conservative PC and traditional server unit outlook—and modest growth for data center graphics processing unit (GPUs), possible exporting regulations & lower exposure to AI compared to competition.
Positives: outsourced manufacturing model, as its tight relationship with industry leader Taiwan Semiconductor TSM enabled it to grab a technological lead when rival Intel INTC stumbled with its internal manufacturing road map. AMD’s data center business should boom over the next few years. Its server central processing units should be in high demand, as should its GPUs suited for AI workloads.
All information opinions & analysis welcome- good trading
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