AMD Long January Momentum
AMD is finding support at the 17-19 levels, there are big moves happening on the SPY I believe it will push toward around 260 in doing so AMD will continue to rise until around 23-24 levels.
This is a nice swing trade.
Buying 200 Shares at 19 Exit 23.
Stop loss 18
NVIDIA is also showing weakness due to their RTX short comings, Ray tracing technology is in its infancy and has no practical applications out side of very few games supporting it. This technology is something that will be beneficial most likely in the coming years end of 2019 leading into 2020. Moores law coming to an end as they reach a hard stop on nanometer CPU sizing there is going to be a difficulty moving toward picometer dimensions for processors. AMD continues to show value for its investors with exceedingly good cost to performance ratios via hardware benchmarks. AMD will continue to capture market share from Intel and Nvidia
Although this is just a swing trade. Being held for around 13 days.
This is a nice swing trade.
Buying 200 Shares at 19 Exit 23.
Stop loss 18
NVIDIA is also showing weakness due to their RTX short comings, Ray tracing technology is in its infancy and has no practical applications out side of very few games supporting it. This technology is something that will be beneficial most likely in the coming years end of 2019 leading into 2020. Moores law coming to an end as they reach a hard stop on nanometer CPU sizing there is going to be a difficulty moving toward picometer dimensions for processors. AMD continues to show value for its investors with exceedingly good cost to performance ratios via hardware benchmarks. AMD will continue to capture market share from Intel and Nvidia
Although this is just a swing trade. Being held for around 13 days.
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