AMD at heavy support and triple bottom
Updated
AMD, similar to NVDA, has likely been hit by recent chip shortages. Their profits and market share only keep going higher. This is a fundamentally and technically strong play that could yield high returns if it hold.
Trade Ideas:
Shares: Long around $73.25-$76 for $83.25, $90 and hopefully $100+.
No great options trades due to very low IVR of 5%.
Trade Ideas:
Shares: Long around $73.25-$76 for $83.25, $90 and hopefully $100+.
No great options trades due to very low IVR of 5%.
Note
Price action is pointing to a potential gap fill to $71.63. Watch the $70-$72 level for potential entry after confirming reversal.Note
Take Profits. First price target of $83.25 was hit earlier today for a 10% profit.
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