AMD - buy the dip
AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.