AMD UPDATE - $52.50 NEXT STOP

0. Notes to follow;

Comment:

0. AMD running nicely in the channel from early October;

1. Stock has consolidated and ran nicely along the way as predicted;

2. Stock heading towards another convergence and possible breakout point and/or consolidation at the $52.50 Level;

3. At some point we need to stop, as we run into earnings; maybe earnings day;

4. Stock hit around $51.75 today, as previously indicated, then headed for consolidation around the $51.05 level, also identified as re-entry and down toward $50.75, which acted as support;

5. Stock has strong support now in the $50 range and investors should be more comfortable with $50+ AMD;

6. I expect a run to $52.50, then consolidation in the $52.05 range;

7. Stock could also shoot right through to $53.50;

8. Looking to $60+ after earnings and Lisa Su "Magic Guidance".

- drchelsea

Comment:

Well that was easy wasn't it. Opening at $51.50 a this point and moving higher.

Comment:

Going to need AMD chips to DECODE the DNA on the Wutan Coranavirus...

Comment:

In Chinese Daily News, use of AMD supercomputer for Virus sequencing...

Comment:

Quick Update: Saw an alert about a triple top on AMD At $51.80 and a possible break below $51.35 / $51.25 / $51.11 and $51.05. All levels to watch into the close with XLNX, TXN, and LRCX reporting after the bell...

Comment:

From yesterday, wasn't really relevant until I saw the price action toward the end of the day:

09:00 AMD analyst commentary at Northland AMD shares 'in a bubble phase,' says Northland. Northland analyst Gus Richard said he believes AMD shares "are in a bubble phase" as although he admits the company is "in the best competitive position in its history," he doesn't expect significant upside to calendar 2020 consensus that would justify the current share price given his view that share gains will likely slow. He raised his price target on AMD shares to $42 from $36 and keeps a Market Perform rating on the stock.

We have collared our position (no losses or gains), for a small profit, for a week.

There may be some profit taking and a good entry for AMD in the next day or two, if we get a mild correction.

- drchelsea

Comment:

INTC flat to slightly up this morning,

AMD flat to slightly lower this morning.

Looks like positiveness to a possible INTC upside and the analyst comments, and just a little profit taking and sitting on the hands on the AMD side...

Trade active:

AMD at $51.25 and heading to the bottom of the channel pre-market.

INTC strong and holding nicely.

Something fishing a foot.

Comment:

UPDATE - AMD Back into all channels and looking good. AMD down as investors are concerned about INTC "aggressive price cuts", which may impact revenue, in the short term.

INTC strong.

AMD in consolidation in the $51.05 to $51.35 Area for now.

Comment:

Just got off the phone with Lisa SU, she says "AMD is always a strong buy." So I guess all is well ;)

Comment:

So still on track to $52.50. Maybe tomorrow after INTC knocks it out of the PARK.

Comment:

Unusual Options Activity:

2.5 Million in INTC June options. 70 Calls. All the semis are going to rocket tomorrow.

Comment:

Todays move to 29000 was a mini-correction to make all investors feel real good about launching higher. Trump team from Davos in full effect for affect.

Comment:

$52.25 After hours. Any questions?

We are the prediction company.

en.wikipedia.org/wik...i/Prediction_Company