AMD will guaranteed runup to 110-115 easily. Anything more will be due to overboughtness and will be a bonus if you can cash it in fast enough. AMD gains are the sweetest gains because they're guaranteed gains by Lisa Su.
As usual, earnings will flop despite them being positive, people will be confused and will drop the stock. The more clever investors will buy in 1-2 weeks after the idiots have dropped it pumping it all the way to 105-110, retails wallstreetbets will fomo and overbuy the rest to 120+ which will quickly die back to 108-115.
The trading range for the many months after this will be between 98-118 until the xilnix deal nears and there AMD can hit 140+, but i haven't done much DD on this so 140 is the cap i'm setting for the Xilnix deal.
As usual, earnings will flop despite them being positive, people will be confused and will drop the stock. The more clever investors will buy in 1-2 weeks after the idiots have dropped it pumping it all the way to 105-110, retails wallstreetbets will fomo and overbuy the rest to 120+ which will quickly die back to 108-115.
The trading range for the many months after this will be between 98-118 until the xilnix deal nears and there AMD can hit 140+, but i haven't done much DD on this so 140 is the cap i'm setting for the Xilnix deal.
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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.