barnabygraham

AMD - Great earnings; iron balls?

Long
NASDAQ:AMD   Advanced Micro Devices Inc
Bullish:
Huge revenue growth
Reclaimed 500 day MA
Testing to break above $100 psychological
Lowest PE/PS for years (reasonable yet?)
Rejection of 1 year+ Darvas box ("should" test bottom of the box at $70)
Apparently no 75bps comings from J-Pow
Didn't touch the lower trend line from 2019
Very bullish candle yesterday

Bearish:
Just looking for a daily lower high, trend change needed
Share dilution continues
Upper nearer term trend lines overhead

Expect this to outperform on bullish market moves.

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