AMD has left the descending channel and close above the 50 daily MA. Now with BoC signaling interest rates cut in the next meetings, Fed will certainly not keep the same hawkishness after the positive US economic data too. Let's see what we get for Q4,2022 earnings report, 31 January 2023. Will update this by then. SL: below $60 should be fine TP: $[90-100]
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We really enjoyed AMD & NVDA rally! take profits now and follow for more.