This is an update to my last post on AMD
I don't see this stock breaking $60, but I'm holding my shares till $57/$58...i think it can inch a little bit higher until its earnings.
Moving forward I'll be looking how this stock moves and how big these candles get. I'm satisfied with what I've accumulated so far, so if i sell a little too late and lose $2 or if I sell to early and l miss out on $2-5 a share, well I can live with that since i bought in at ~ $38, and sell my shares.
This stock along with $NVDA are doing well with lock down orders, and i believe they have gained traction because of these lock-down orders actually. i wouldn't be surprised to see substantial earnings between February to today. But as economic uncertainty looms, more and more people will be tight with their money, and more and more investors will liquidate and take profits. I'll be looking to buy back in at around $30 for their next rally closer to the end of the year depending on how the uncertainties of this global economy reveals itself.
The chart depicts the $60 resistance line that I believe will hold until earnings, and then the general trend line for the stock to follow on it's way down.
What do yo guys think?
I don't see this stock breaking $60, but I'm holding my shares till $57/$58...i think it can inch a little bit higher until its earnings.
Moving forward I'll be looking how this stock moves and how big these candles get. I'm satisfied with what I've accumulated so far, so if i sell a little too late and lose $2 or if I sell to early and l miss out on $2-5 a share, well I can live with that since i bought in at ~ $38, and sell my shares.
This stock along with $NVDA are doing well with lock down orders, and i believe they have gained traction because of these lock-down orders actually. i wouldn't be surprised to see substantial earnings between February to today. But as economic uncertainty looms, more and more people will be tight with their money, and more and more investors will liquidate and take profits. I'll be looking to buy back in at around $30 for their next rally closer to the end of the year depending on how the uncertainties of this global economy reveals itself.
The chart depicts the $60 resistance line that I believe will hold until earnings, and then the general trend line for the stock to follow on it's way down.
What do yo guys think?
