What will happen with AMD stock?

B.N.F
2023-06-17

Due to the long holiday in US, stocks retraced a little on Friday. Vix  and vvix index are generally at a normal level. SPX pulled dropped a little, indicating this is just a normal pull back.


AMD has been dropping like flies post CES2023 as retail investors cashed in on the hype. Leaving the stock dropping from 130 to 119.6 as we speak.

So is it really over for this stock?   Let's look at the charts. Daily chart Is still trending upwards so post market 119.6 is decent price.

In the short term, it tested the trend line 3x. Post market 119.6 means it is currently below the trend line. 

will it bounce back up? My personal opinion would be a yes as there is no surprises from SPX or VIX or macro events in the near future. 

 Disclaimer: This is not a financial advice. Please do your own due diligence.

Modified in.2023-06-17
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Comments

  • nimbly
    2023-06-23
    nimbly

    As I predicted, gap closed at $109-$110. She will now test critical support at $100 as we go into earnings. My guess is she will go to $80 if the forecast is less than impressive.

  • cheerzy
    2023-06-23
    cheerzy

    差距缩小,底部向内。丽莎说下半年增长50%。MI300将于第四季度上市。贝拉加莫是赢家。正如她从年初就一直说的那样,这一切都发生在下半年!!你在听吗!?到今年年底,价格将在130-135美元之间。长而结实,不受每日/每周旋转的影响。

  • frosti
    2023-06-23
    frosti

    If "last fools in" were buying this overvalued stock when the P/E was 665 only a few days ago it must be a screaming buy now that the P/E is a modest 615. It is a steal especially considering the forward P/E for the S&P is around 19. When will people learn. I bet Lisa and the gang unloaded shares at 130 or so.

  • wigglyz
    2023-06-23
    wigglyz

    Both were in the early days of their business and considered growth companies.so nosebleed P/E's are somewhat normal. You may not know if but AMD has been around for a while.

  • vippy
    2023-06-23
    vippy

    If AMD rises you will loose lots of money dude. PUT goes up with fall of stock price!!

  • bubblyx
    2023-06-23
    bubblyx

    buy point is under $100

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