Hello fellow traders and investors, here's another trade idea.
AMD has recently pulled back to the support area, if AMD makes a recovery to the take profit area it offers around a 25to 30% ROI .
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
There are two options on where to buy either right now since we are at a super strong support level it wouldn't be that bad of an idea to get in at these levels however if you are more conservative the I recommend waiting to buy when the EMA's crossover.
When To Sell:
I recommend selling at its previous high offering around a 25% ROI .
Fundamentals: Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. AMD has a P/E of 38, a sales growth Q/Q of 52.50%, an earnings per share growth of 972% Q/Q, an ROI of 40%, and a short float of 7%.
Rating: 100/100 the technicals are very good and so are the fundamentals I think this is a very good trade idea with a decent ROI potential.
NOTE: NVDA is also oversold however the technical setup in my opinion looks better on AMD and the fundamentals as well are better than NVDA, and if any of you don't know NVDA is AMD's competitor. I will be watching this stock closely and might buy a few shares.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
AMD has recently pulled back to the support area, if AMD makes a recovery to the take profit area it offers around a 25to 30% ROI .
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
There are two options on where to buy either right now since we are at a super strong support level it wouldn't be that bad of an idea to get in at these levels however if you are more conservative the I recommend waiting to buy when the EMA's crossover.
When To Sell:
I recommend selling at its previous high offering around a 25% ROI .
Fundamentals: Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. AMD has a P/E of 38, a sales growth Q/Q of 52.50%, an earnings per share growth of 972% Q/Q, an ROI of 40%, and a short float of 7%.
Rating: 100/100 the technicals are very good and so are the fundamentals I think this is a very good trade idea with a decent ROI potential.
NOTE: NVDA is also oversold however the technical setup in my opinion looks better on AMD and the fundamentals as well are better than NVDA, and if any of you don't know NVDA is AMD's competitor. I will be watching this stock closely and might buy a few shares.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
