With the big data center announcements AMD is back in channel after earnings showing slow adoption. The gas pedal is now to the floor. Long trade would put this at $60 by years end if everything known rolls off as planned. We have an Epyc lead in the data center computing which means government contracts, cloud companies and online game streaming from google (Stadia). Sales from 7nm will be showing their first real data next ER, and that will be a nice bottom line boost. Longer term (Year+) = $100+ Next gen gaming consoles won't launch till holiday 2020, so sales numbers won't affect things next year, but late year manufacturing for launch should boost things eoy 2020. The big event investors are hoping for is a game changer to compete with NVIDIA on GPUs the way Epyc does with cpus, and ditto for Ryzen on it's next performance bump. Next year could see a leap for both if the past performance of AMD under Lisa Su is any indicator.
it's fallen outside your green trend lines, is light pink your support line?
insanelycool1
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@HHSPN,
Pink is the rough average of the top, never truly became a new support tho it flirted with it.
Green lines mark the top/mid/bottom of long term momentum of the stock.
Grey is long term bottom support.
Bottom blue is my oh crap line. If we cross that the economy will most likely be going with it.
That's my take from my years of tech knowledge and watching this stock.