Technical Analysis for AMD

Might be another rally going up to the 110 area making a new high in the next few days. But I expect a correction phase in the next month right after- back to the trendline for the daily chart.

My prediction is this rallies to $110-$115 range sometime next week, slowly pulls back to $95-$100, climbs back up to $110 by next earnings report and then blasts up to $140-$150 range by October. close the year at a new all time high and hit $200 sometime early next year.

It's critical for both longs & shorts now! 

Amd up over 4%, closed at $101.48. It has tested the big psychological resistance of $100 6 times in recent weeks with no success. 

If it has success this time, it could test 120 very soon. 

Imo, with the potential of AI market and its high growth rate, Amd could double from here in 1 year or so if Amd's upcoming AI chips and related software (platform) can match Nvda products! 

Possibly Amd may achieve Nvda's current market cap of 736B.

In this case, Amd pps may reach $450 in 2 to 3 years! 

$Advanced Micro Devices(AMD)$

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