AMD - BREAKOUT FROM $49, HEADING TO $54.25

1. Notes to follow;

Comment:

2. Light notes tonight;

3. Currently still in same channel since October. Currently corrected to the bottom of the channel at $46. It hit this level a couple of times, but each time, higher lows. Looks like we will consolidate through $48 and up to $49.

4. Not sure on the timeframe here, but $48.75 should be a breakout with about a $5-$6 run if we go hard.

5. Would expect to pass the $52.75 top, and head to $55 or so, and probably consolidate back into the lower $50 range;

6. Stay tuned.

7. Virus impact minimal. Just another flu folks. Move along. Nothing to see here...

- drchelsea

Trade active:

Futures through the roof. All ideas from last week and especially Friday, wow, great results once again.

AMD $48.90, just as predicted. Once again

Looks like the breaking to $54.25 has begun.

So watch the $48.75 level, then $49.11, $50, then launch...

Comment:

When AMD runs:

When AMD runs hard, it will usually do this:

1. Gap up $.50

2. Run at least $0.50 the next day, and from the open;

3. When you have established a day or two of this, AMD can and does run for 3 to five days, at $1 / day.

4. Best to hold a non-hedged long position, and let it run to your target or near;

5. I would be looking to exit at $53.75 for Swing Traders;

6. Investors - Hold forever.

Trade active:

4:38EST, AMD already at $49.11 in the pre-market.

Next stop, $49.75;

Comment:

Wow. I am impressed with AMD once again. Great job Lisa Su.

Look at this guy:

seekingalpha.com/art...n-is-not-sustainable

I am seeing a lot of negative stories on AMD from Seeking Alpha lately. We are cancelling our subscription.

Your analysis are constantly inaccurate, and your AMD calls are mathematically... sub par and just down right pathetic.

Now this guy, knows:

AMD - DO NOT CONFUSE A BUBBLE WITH A FOUNDATION:

seekingalpha.com/art...se-bubble-foundation

Comment:

AMD - "NOT SUSTAINABLE". They analyze the bubble of 00 and think they know the future of AMD. Fools. Wake up please, and study the company please.

This is irresponsible and dangerous opinion. Absolutely no fact!:

seekingalpha.com/art...n-is-not-sustainable

Comment:

I hope that person is short, and losses his shirt.