AMD, similar to NVDA, has likely been hit by recent chip shortages. Their profits and market share only keep going higher. This is a fundamentally and technically strong play that could yield high returns if it hold.
Trade Ideas:
Shares: Long around $73.25-$76 for $83.25, $90 and hopefully $100+.
No great options trades due to very low IVR of 5%.
Trade Ideas:
Shares: Long around $73.25-$76 for $83.25, $90 and hopefully $100+.
No great options trades due to very low IVR of 5%.
Comment:
Price action is pointing to a potential gap fill to $71.63. Watch the $70-$72 level for potential entry after confirming reversal.
Comment:
Take Profits. First price target of $83.25 was hit earlier today for a 10% profit.