Speaking specifically about AMD I am bullish short term. The medium - long term is where things may look bleak.
From a macro perspective, a lot of cyclical stocks out there are showing signs of vulnerability in their cycle, which may hint at the trajectory of the bigger picture.
In 1980 the price of silver peaked at around 50 per ounce. 7 years later the price found a temporary bottom and rose about 75% from the low to its new high. In 2011 silver peaked at about 50 per ounce. 7 years later (where we presently are) silver may have printed a firm temporary bottom. I am not implying that same 75% move is in store for silver, but for now, ...
Be mindful of the fact that this breakout is happening on the first day of the last week of September and the last week of the quarter. There may be a retest one of these days this week. The end of this weeks close accounts for the end of the 3month charts, so this is extremely bullish in my view. Make sure you have ammo to add dips (speaking to myself).
I view CRSP as one of the most interesting biotechnology stocks out there. DYOR. If it works, it will be huge. I am happy to see there will be opportunities to accumulate some stock, after I short it into my ideal entry levels.
I´ve been following BOX ever since I´ve watched the presentation by Chamath Palihapitiya at the Sohn Conference (on youtube). We now have a clear buy signal from a technical perspective.
Disclosure - Chamath Palihapitiya is probably my favorite tech analyst out there.