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$AMD Support and Daily Potential Projection (Still Long)$AMD is trending down after a strong open. It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run. A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached. This remains a LONG LONG LONG, and nothing has failed in the trade channel, even with this potential midday pullback we might just see. GL, etc. -BDR Note: See attached idea Re: Support above 97 and also the original LONG call. Thanks!
NASDAQ:AMDLong
by BDRTrigger33
AMD Showing Bullish Signs of Major Potential Breakout$AMD ate a rough correction (outlined in the previous descending channel) before catching a wedge that shows all the signs of a major breakout. The downward trough also established a lot of relative strength in this stock. It refused to dip lower than its previous relative-low. This stock ranks a perfect 99 on Investor Business Daily's stock evaluation, and it gained well yesterday in a rougher day for the overall market. Its fundamental stats all scream good things: 0,75 EPS and a P/E of 52.12. The P/E seems somewhat high, but it is likely indicative of the upcoming earnings (on February 2nd) report anticipated to be a great one. Note the NEW strong (VERY STRONG) ascending trade channel. Next: Target take-profit points? We are tentatively eyeing 98.5 per share as a 1/2 profit snatch; the latter should loom around 100-102. That said, a mega-long-term hold of AMD also makes sense, if that's your cup of tea. Regardless of approach, this stock is showing all bullish indications of having a quite big week. GL etc etc -BDR
NASDAQ:AMDLong
by BDRTrigger33