AMD 11/13/24 Evening Analysis: *AMD on a downtrend seemingly forming a symmetrical triangle pattern -If it bounces off $131-133 trend support, $160 will fall as first target with $187-$214 following -In terms of indicators, MDA and MACD both show it is likely *Though AMD lack NVDA in GPU comparison, they have been exceptionally performing world in the terms of their CPU -INTC has been struggling in terms of stock performance, and there has been occasional mention of AMD potentially buying the company. Although this is unlikely due to the competition between the two companies, it's not entirely impossible if AMD continues to strengthen its market position. *Levels to Watch: $133, $130 *Time to watch: $160 target expected in a month Good Luck to All Traders!
AMD Lisa Su has blessed this stock to pre 2021 level !!! Trading at $139 level.....How can one achieve such a great feat? Amazing accomplishment. While others have climbed over 1000% she has managed to put this stock into a grave.
AMD Sorry for letting this community down through the week. I was too focused on the recent news and signals forgetting about the overall trend. Those who went to $151 with me had a fun ride. Will be back tomorrow with a new analysis of AMD. For now, I will say $133 is a support level for the stock. Till then, good luck with your trades