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