To The Moon

both stocks are making all time highs as ai is the next big thing. they manufacture the processors required for ai work. before ai was announced as the new big thing, nvda and amd suffered a great sell off from dec 2021 to oct 2022 due to oversupply and interest rate hikes. the chinese market is experiencing the same sell off as nvda and amd did. *hint hint*

let's take a look at pnf charts of both stocks. it can be observed that nvda is leading the charge. it has neatly made a new all time high while amd is just reaching its previous all time high. 

both stocks are clearly on an uptrend. 

if you really want to buy now, at least wait for a dip. unless you want to get burnt buying high. amd would be good to buy it retraces to 126. nvda 480.

what might cause a dip

1. profit taking

2. fed officials indicating mar rate cut is impossible

3. higher than estimated cpi, ppi or stronger than expected employment and other economic data

4. red sea global supply chain disruption worsening, us-china trade war worsening, etc

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@Asphen for sharing insights

merci beaucou@koolgal for interesting reads

merci beaucoup@TigerWire for this interesting topic

merci beaucoup@TigerStars for the award and reviewing our posts