Hello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by
AMD
going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards.
Position: Shares (added between 2018-2020); holding long-term.
Please let me know your thoughts and feedback and happy trading!
AMD
going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards. Position: Shares (added between 2018-2020); holding long-term.
Please let me know your thoughts and feedback and happy trading!
Comment:
Definitely still bullish here, looks like we are forming a nice wedge as of late. I think the breakout (or not) could have major dependence on Nvidia's earning 2/21.
Comment:
Well longer than expected, but top target and potential short-term bottom seem right in-line with expectations. This could be a good spot to lightly add.