Pleasing a market on steroids!-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Ultrahisham
01-31

Pleasing a market on steroids!

AMD had to really wow the markets. And for a market already pumped up on handy earning beats and voracious guidance ahead, what might be wow a few months back is just a meh now.

To be fair, AMD posted fantastic results especially if you are looking for the correct information. I believe the markets are not looking in the right place. Yes computing is weak but AI is on track and fantastic considering M300 just released. As such, the markets being what they are, they don't make sense when they don't seem to see what you see.

I am taking the weakness as an opportunity. However, the markets are ripe for a pullback and that is the inherent risk. Technically, AMD is still looking like it is in the middle of a third wave. However the pivot at 160 must hold. Below that and the likelihood of the third wave to 200 plus will be on hold in place of a deeper pullback.

At the moment, pre market, AMD looks set to open lower but still holding just above that pivot. If the bulls can defend that level and repel the bears enough to mount another rally, it might just be enough to reignite another push to qualify this as a deep fourth wave towards completing that fifth wave into the 200 dollars level.

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe! 😊

$Semiconductor Bull 3X Shares(SOXL)$

$Nasdaq100 Bull 3X ETF(TQQQ)$

$NVIDIA Corp(NVDA)$

$Advanced Micro Devices(AMD)$

# AMD Plunge: Chip Stocks Start to Pull Back?

Modify on 2024-01-31 19:01

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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catandbull
·01-31
Nice analysis, but watch out for the pullback. 📉💸
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And for a market already pumped up on handy earning beats and voracious guidance ahead, what might be wow a few months back is just a meh now.</p>\n<p>To be fair, AMD posted fantastic results especially if you are looking for the correct information. I believe the markets are not looking in the right place. Yes computing is weak but AI is on track and fantastic considering M300 just released. As such, the markets being what they are, they don't make sense when they don't seem to see what you see.</p>\n<p>I am taking the weakness as an opportunity. However, the markets are ripe for a pullback and that is the inherent risk. Technically, AMD is still looking like it is in the middle of a third wave. However the pivot at 160 must hold. Below that and the likelihood of the third wave to 200 plus will be on hold in place of a deeper pullback.&nbsp;</p>\n<p>At the moment, pre market, AMD looks set to open lower but still holding just above that pivot. If the bulls can defend that level and repel the bears enough to mount another rally, it might just be enough to reignite another push to qualify this as a deep fourth wave towards completing that fifth wave into the 200 dollars level.</p>\n<p>Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.</p>\n<p>Thanks for reading my commentary. Hope it helps!</p>\n<p>Stay safe! 😊</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v></p>\n<p><br></p>\n<p>&nbsp;</p>\n<p><br></p></body></html>","htmlText":"<html><head></head><body><p>Pleasing a market on steroids!</p>\n<p>AMD had to really wow the markets. And for a market already pumped up on handy earning beats and voracious guidance ahead, what might be wow a few months back is just a meh now.</p>\n<p>To be fair, AMD posted fantastic results especially if you are looking for the correct information. I believe the markets are not looking in the right place. Yes computing is weak but AI is on track and fantastic considering M300 just released. As such, the markets being what they are, they don't make sense when they don't seem to see what you see.</p>\n<p>I am taking the weakness as an opportunity. However, the markets are ripe for a pullback and that is the inherent risk. Technically, AMD is still looking like it is in the middle of a third wave. However the pivot at 160 must hold. Below that and the likelihood of the third wave to 200 plus will be on hold in place of a deeper pullback.&nbsp;</p>\n<p>At the moment, pre market, AMD looks set to open lower but still holding just above that pivot. If the bulls can defend that level and repel the bears enough to mount another rally, it might just be enough to reignite another push to qualify this as a deep fourth wave towards completing that fifth wave into the 200 dollars level.</p>\n<p>Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.</p>\n<p>Thanks for reading my commentary. Hope it helps!</p>\n<p>Stay safe! 😊</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v></p>\n<p><br></p>\n<p>&nbsp;</p>\n<p><br></p></body></html>","text":"Pleasing a market on steroids! AMD had to really wow the markets. And for a market already pumped up on handy earning beats and voracious guidance ahead, what might be wow a few months back is just a meh now. To be fair, AMD posted fantastic results especially if you are looking for the correct information. I believe the markets are not looking in the right place. Yes computing is weak but AI is on track and fantastic considering M300 just released. As such, the markets being what they are, they don't make sense when they don't seem to see what you see. I am taking the weakness as an opportunity. However, the markets are ripe for a pullback and that is the inherent risk. Technically, AMD is still looking like it is in the middle of a third wave. However the pivot at 160 must hold. Below that and the likelihood of the third wave to 200 plus will be on hold in place of a deeper pullback. At the moment, pre market, AMD looks set to open lower but still holding just above that pivot. If the bulls can defend that level and repel the bears enough to mount another rally, it might just be enough to reignite another push to qualify this as a deep fourth wave towards completing that fifth wave into the 200 dollars level. 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