For $AMD Bulls, This Is A Big Price Level...

NASDAQ:AMD   超微半導體公司
1085 4
Shares of Advanced Micro Devices , Inc. (NASDAQ:AMD) corrected over the last two weeks (finally). The stock had been on a one way track from $2 in January 2016 to over $12 in December 2016. There had only been minimal pull backs all year long. That changed in January 2017. The stock fell from $12.40 to a low today of $9.81. This is a corrective move of 17.5%. More importantly, the stock finally hit a major support level as seen in the stock chart below. This now becomes a big level for the stock to hold and likely bounce trade. Advanced Micro Devices will likely see a near-term bounce off this level up into earnings on January 31st. For bullish investors, a buy at the current price is not a bad trade but make sure to exit prior to earnings .

View all of my trades here:
Not to toot my own horn but toooot toooooooot!! Great trade there, the charts tell all! :)

#amd will be a huge hit in 2017! 200% return, or more, WILL happen!
Nice chart, but I never like to gamble on earnings.
Nice, i was waiting for 9.00 but defintetly can scale in.
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