I'm officially closing my previous short position today and going LONG as AMD exits its short-term correction and ends its 7-day loss in what I believe is going to be the last time we'll see AMD trade at this low of a price level for years. The stock is setting up for a dramatic upswing over the next four weeks that surpasses its current bullish trendline and follows a significantly more aggressive trendline that will serve to catch it up with its historical trend all the way to ~$20 after which it should return to its historical trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.