This channel is wide, but that's not a problem, there is some hidden strength in this stock and especially when there are rumors like this:
www.macrumors.com/20...-amd-apu-references/
and since I follow the topic closely, I am almost certain that this is going to be true soon. Not to mention the new gaming consoles that are gonna be released at the end of the year. The company is doing great and compared to other stocks on the market it is not as severely overpriced (although it isn't cheap).
www.macrumors.com/20...-amd-apu-references/
and since I follow the topic closely, I am almost certain that this is going to be true soon. Not to mention the new gaming consoles that are gonna be released at the end of the year. The company is doing great and compared to other stocks on the market it is not as severely overpriced (although it isn't cheap).
So here's a couple of factors to consider. I listed a few in the chart, but;
- I think that the SP500 may start off Monday badly. Some mismay today smells like trouble tomorrow.
- Follow the Fib levels, although I don't think AMD can retest $50 any soon again.
- I forgot the 3rd one... Oh yeah, AMD has fucked up around in the GPU market - the drivers that they released for their newest 7nm cards cause troubles for users and there is substantial amount of returns and angry emojis.