Due to the long holiday in US, stocks retraced a little on Friday. Vix and vvix index are generally at a normal level. SPX pulled dropped a little, indicating this is just a normal pull back.
AMD has been dropping like flies post CES2023 as retail investors cashed in on the hype. Leaving the stock dropping from 130 to 119.6 as we speak.
So is it really over for this stock? Let's look at the charts. Daily chart Is still trending upwards so post market 119.6 is decent price.
In the short term, it tested the trend line 3x. Post market 119.6 means it is currently below the trend line.
will it bounce back up? My personal opinion would be a yes as there is no surprises from SPX or VIX or macro events in the near future.
Disclaimer: This is not a financial advice. Please do your own due diligence.
Comments
正如我预测的那样,gap收于109-110美元。她现在将测试100美元的关键支撑,因为我们进入收益。我的猜测是,如果预测不那么令人印象深刻,她会涨到80美元。
Gap closed, bottom in. Lisa said 50% increase in 2nd half. MI300 launches in Q4. Berragamo a winner. All happening in 2nd half, AS SHE HAS BEEN SAYING SINCE THE BEGINNING OF THE YEAR!! Are you listening!? By end of the year it will be between $130-135. Long and strong and not effected by daily/weekly gyrations.
If "last fools in" were buying this overvalued stock when the P/E was 665 only a few days ago it must be a screaming buy now that the P/E is a modest 615. It is a steal especially considering the forward P/E for the S&P is around 19. When will people learn. I bet Lisa and the gang unloaded shares at 130 or so.
Both were in the early days of their business and considered growth companies.so nosebleed P/E's are somewhat normal. You may not know if but AMD has been around for a while.
If AMD rises you will loose lots of money dude. PUT goes up with fall of stock price!!
buy point is under $100