AMD - SUPPORT AND BUY LINES - JUST IN CASE...
0. As outlined in chart.
- drchelsea
- drchelsea
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That just hit at 7:05AM January 21 2020
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I LOVE DEUTSCHE BANK, WILL WE SKYROCKET TODAY. THANKS IDIOTS.
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What you should have done with that quote was upgrade to BUY and $75 TARGET. You are not at Davos are you? Are are a sub par analyst.
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Oh TIME TO SHORT GOLD!
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We were short hard at $147. See our other post for verification of this...
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GLD Puts
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NEWS
AMD AMD $50.91 1.16 (2.33%) 07:49 AMD analyst commentary at Cowen AMD price target raised to $60 from $47 at Cowen. Cowen analyst Matthew Ramsay raised his price target on AMD to $60 from $47 as he is increasingly more confident in fundamentals. He still sees a sizable upside to Street estimates driven by share gains across server/DT/NB markets and an under-model console cycle. Ramsay reiterated his Outperform rating on AMD shares.
COWAN UPGRADE TARGET $60
AMD AMD $50.91 1.16 (2.33%) 07:49 AMD analyst commentary at Cowen AMD price target raised to $60 from $47 at Cowen. Cowen analyst Matthew Ramsay raised his price target on AMD to $60 from $47 as he is increasingly more confident in fundamentals. He still sees a sizable upside to Street estimates driven by share gains across server/DT/NB markets and an under-model console cycle. Ramsay reiterated his Outperform rating on AMD shares.
COWAN UPGRADE TARGET $60
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UPDATE
AMD SHOWING HEAD AND SHOULDERS AT $51.30 AREA. CAUTION ADVISED...
AMD SHOWING HEAD AND SHOULDERS AT $51.30 AREA. CAUTION ADVISED...
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RSI heading down, keep an eye...
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$51.25 support
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Need a bounce here...
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$51.30 Resistance now...
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So if you are a day trader, you should think about taking profits. If you are long, all is well. Probability states we have been rejected at the $51.75 level, and we are now in distribution and consolidation.
This the the time for covered calls, if you own stock.
These are the "noise" areas in AMD, where you can never figure out where it is going. Consolidation.
This the the time for covered calls, if you own stock.
These are the "noise" areas in AMD, where you can never figure out where it is going. Consolidation.
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So models show, we cannot break $51.75 without additional catalysts, or consolidation and distribution.
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$51.11 - Nice re-entry point, or even $51.05. May just hold $51.25 and consolidate from here...
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RSI heading to neutral so we say consolidation in the $51.11 and $51.29 zone. Bouncing ball. No trading unless you are a HFT.
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We recommend of course holding AMD for the $100 run. But if you are itching for profits right now, while AMD is in consolidation? I would suggest MU for the breakout!!
Trade active:
Anybody that purchased under $51. At the suggested points! Congratulations! Nice trade, now hold it for a new days, and wait for INTC, XLNX, TXN and something else lol
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Very nice strength at $50.75 today, nicely anticipated. Coranavirus. Don't worry, until it is time to worry.
AMD analyst commentary at Deutsche Bank Deutsche says AMD valuation 'stretched' despite likely strong guidance. Deutsche Bank analyst Ross Seymore expects AMD to guide to "very strong" 2020 growth of 27% when reporting Q4 results on January 28. However, while the analyst's analysis yields upside to his revenue and earnings estimates, he continues to believe much of this upside is already reflected in AMD's share price following the stock's 60% rise over the past three months. He keeps a Hold rating on the shares with a $40 price target on the belief that AMD's valuation is "still stretched."