So may technical indicators all converging in one spot! Is AMD quietly consolidating before a big breakout? It has been kind of flat the last week or two while the rest of the market has been making ATHs. Is it AMD turns? Will it make another test of $50 and then bounce up, go to $50 and stay, or straight to $56 or higher?
40days to Earning call.Even last one was good,investors dont like,that AMD invest to the new products and this cause low pure earnings.Think that next ER will send this to 45...(i own long term shares and bullish)
georgeevil
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I am bullish on AMD. I'd order myself a cheaper gaming CPU PC over the quarantine.
Dr_Roboto
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@georgeevil, nice. I have a PCPartPicker.com watchlist since Feb based around a Ryzen 3600. The market crash and covid put that on the back burner. Used the cash to buy AMD stock instead! The 3600 is down to $167 but finding a HQ but reasonably priced mobo in stock is hard right now. I used to have AMD CPUs 10 years ago during the Athlon days, but Intel since. AMD is about to take over the CPU lead from Intel in the next few years. Now, if AMD can just take it to Nvidia, then AMD's stock price is going soar. Crossing my fingers that big navi can do it.