AMD - Good setup for upcoming earnings
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
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AMD upside potential is greater than its downside potential.
That holds true for the rest of 2024 and 2025, foreseeable future.
We have a good support level here. AMD will be in the mid to high $140’s by Wednesday of next week.
AMD is deeply undervalued and oversold here.
AMD better hope it not only beats estimates soundly next week, but it also (and most importantly) needs to raise forecast.
Way oversold. Back to all time high after earnings
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