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petesully18
Mar 24, 2024 4:27 PM

AMD is at a Key Level  Long

Advanced Micro Devices, Inc.NASDAQ

Description

With AMD's price sitting on a key technical support trendline, tomorrow we will see how AMD reacts to China's guideline's to block the use of US chips from AMD and INTC in government computers. With the way AMD has performed over the passed few weeks I wonder if this news is already priced in and does the stock get bought up if it opens red on 3/25 or does the AMD experience a bigger correction and see $160 or below? I'm in the camp that it gets bought up if it opens red tomorrow. I will look to buy the dip if we see weakness in AMD at open. I am Bullish on AMD and the CEO of AMD Lisa Su is one of the top CEO's in business! I think stock will be trading $200+ in the next few weeks.
Comments
amarjargal
Absolutely, AMD is super discounted right now.
petesully18
AMD will go higher and run up into earnings! I think AMD is trading at a discount price! Bullish!
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