BULLISH on AMD -- here's why

NASDAQ:AMD   Advanced Micro Devices Inc
Despite recent headlines we've seen between the tech sector / supply chains & AMD having security vulnerabilities in their old processors, mind you the coverage has it backwards IMHO & detecting security flaws on older model processors IS NOT negative coverage -- as opposed to what every journalist / financial analyst writing for Benzinga or Bloomberg would have you believe.

Let me put my forex targets in before I get into my explanation:

  • 41.00 STOP
  • TP1 46.05
  • TP2 52.62
  • TP3 59.10
So I'm sticking with my guns ON AMD based on 3 separate yet concrete factors:

1) Fundamentals all seem to point in $bullish mid-long term projection analysis, with BB/KC/VOL/ RSI / MACD all pointing towards bullish priceaction

2) Supply chains for AMD / MSFT will not be as detrimental as that of $AAPL as we're lead to believe -- since these tech companies deal moreso in larger/more expensive hardware & software than a trillion iphones being made in sweatshops. Therefore, I am not concerned about supply chain impact .

3) Lastly, the indicator to confirm the fundamentals: a Bulkowski's double bottom as encircled by the yellow on the chart above.

For this reason I'm standing firm on my position for AMD & that's my two cents on this stock...I don't deal with policy advisory work pertaining to WallST nor forex markets -- strictly CRYPTOCURRENCIES therefore there's no need for an extended lengthy disclaimer and so I'll keep it short & sweet:

This is not financial advise. Please conduct your own research & analysis before making any investment decisions, while also investing responsibly & not more than you can afford.

Cheers. Enjoy your evening.

Trade active: =D
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