Advanced Micro Devices (AMD) Stock Analysis
AMD, listed on NASDAQ, has generally been on an upward trend. However, last week, the stock experienced a brief flash downturn, dropping to around the $157 level.
Since then, it has recovered and is currently trading at approximately $172 per share.
Outlook:
I remain bullish on AMD and anticipate a potential move toward the $200 level, with a longer-term target around its all-time high near $226.
For my entry strategy, I have added positions at different levels, with an initial entry around $160 and another at the current level.
This gives me a total of three buy entries, positioning for a mid- to long-term hold.
Let’s see how it unfolds! If you have any insights or thoughts, please share them in the comments. I’d love to connect with you. Don’t forget to follow, share, and subscribe. Thank you.
AMD, listed on NASDAQ, has generally been on an upward trend. However, last week, the stock experienced a brief flash downturn, dropping to around the $157 level.
Since then, it has recovered and is currently trading at approximately $172 per share.
Outlook:
I remain bullish on AMD and anticipate a potential move toward the $200 level, with a longer-term target around its all-time high near $226.
For my entry strategy, I have added positions at different levels, with an initial entry around $160 and another at the current level.
This gives me a total of three buy entries, positioning for a mid- to long-term hold.
Let’s see how it unfolds! If you have any insights or thoughts, please share them in the comments. I’d love to connect with you. Don’t forget to follow, share, and subscribe. Thank you.
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Disclaimer
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.
Related publications
Disclaimer
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.