AMD - Advanced Micro Devices is a leading chip manufacturer that is experiencing massive growth as they earn market share from INTC due to their 7nm chip competitive advantage (INTC supports 14nm and is delayed in production of 7nm). It has been punished after a sharp selloff from making all time highs, and is now coming into a major support zone. Earnings for AMD are on January 25th, and the company is forecasting strong growth for 2021. Looking for a nice bounce play on AMD at the 88 level, with a tight stop loss if price breaks below 86.61.
