AMD - Monthly - Long Term ContenderClick Here๐ฑ๏ธ and scroll down๐ for the technicals, and more behind this analysis!!!
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๐Technical/Fundamental/Target Standpointโฌ
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1.) AMD's strategic execution and innovative product portfolio have fueled a truly remarkable resurgence, directly challenging Intel's long-held dominance. Despite lingering skepticism, their competitive position is undeniable, marking one of the most compelling comebacks in the tech industry.
2.) AMD's 2024 financial performance demonstrates robust momentum, with consistent year-over-year growth in both revenue and net income, signaling strong market demand and effective operational management.
3.) In 2024, AMD significantly fortified its financial foundation by strategically reducing overall debt, achieving a doubling of its 2023 cash flow, and maintaining healthy cash reserves, indicating improved financial stability and flexibility.
4.) While AMD's current stock price reflects its strong performance, and is arguably justified, retail investors naturally seek more attractive entry points, highlighting the inherent tension between market valuation and individual investment strategy.
5.) From a technical perspective, AMD's current price action at the 1.382 Fibonacci level suggests potential resistance. Given the difficulty in breaching this level, and potential support zones at $73 and $32, a prudent approach acknowledges the possibility of significant retracements. While those lower targets may seem distant, market volatility can produce unexpected outcomes.
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