Swing on Advanced Micro Devices
After a stellar earnings, there was a surprising 10% pull-back. *Possibly due to the GME situation and possible concern of a come-back scenario from their rival Intel*
Nevertheless, it bounced back strong from 100ma and the bottom of descending channel; then breaking the descending channel!
As long as the market continues to be bullish, I think AMD will re-test the double top at $98. There are also shortages in semiconductors, so I think it will be a bullish year overall for semiconductors in general. - so I think you can play this either way: long term or short term.
Target: $98
Stop: $89
Nevertheless, it bounced back strong from 100ma and the bottom of descending channel; then breaking the descending channel!
As long as the market continues to be bullish, I think AMD will re-test the double top at $98. There are also shortages in semiconductors, so I think it will be a bullish year overall for semiconductors in general. - so I think you can play this either way: long term or short term.
Target: $98
Stop: $89
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