AMD - Good setup for upcoming earnings

Asphen
07-28


Good earnings response - Bottom of 133 is in and a move up and form the right shoulder off 153+ and go upwards ==> Good to look for the right shoulder!


Poor earnings response - My preferred (which would create a good opportunity) Will provide an excellent opportunity to load the truck at 121 down to 102!


Good setup for the future. Bullish next few years.

AMD Daily Chart - 28 July 2024

@macroB  @Deposit  @CaptainTiger  @TigerStars  @Melson  

$Advanced Micro Devices(AMD)$  

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Comments

  • glowzi
    07-28
    glowzi

    AMD upside potential is greater than its downside potential.

    That holds true for the rest of 2024 and 2025, foreseeable future.

  • snugglo
    07-28
    snugglo

    We have a good support level here. AMD will be in the mid to high $140’s by Wednesday of next week.

  • breezzi
    07-29
    breezzi
    Great analysis and insights! Looking forward to AMD's earnings. [Good][Thinking]
    • Asphen: 
      it has turned out positively.... congrats
  • dimpy
    07-28
    dimpy

    AMD is deeply undervalued and oversold here.

    • Asphen: 
      indeed. a positive reaction is expected.
  • vippy
    07-28
    vippy

    AMD better hope it not only beats estimates soundly next week, but it also (and most importantly) needs to raise forecast.

  • Smart juwi
    07-29
    Smart juwi
    Wow. {Ansa~Tolan in ln$ttta¡grrramm. I'm a little perplexed to see her mentioned here as well. I didn't know she had been nice to so many people as well. This is wonderful, I'm on my fifth exchange with her and it's been fantastic. 36.
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