$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ NOV20 545C in play.

Zone: $527.56 to $535.00

Invalidation: close under $514.01

Objectives: $556.79, then $568.62

The math works out to a 4.8% move to the first objective and 7.0% to the second, against 3.3% risk on the invalidation, so better than 2 to 1 to the second target.

This is a chip name that fell hard for weeks and then found its footing on Monday, climbing almost 3 percent to close near 531 dollars. The setup is a swing into the November 3 report after the close, and that report is the next big test of whether demand for its server chips is still growing the way buyers hope. If the bounce holds above the Monday low near 514 dollars, the path back runs first to 556 dollars and 79 cents, then to 568 dollars and 62 cents. A close under 514 dollars says the bounce failed.

Watching $533.50, the Monday high. A move over it shows buyers carrying the bounce into Tuesday.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":622785687212032,"tweetId":"622785687212032","gmtCreate":1793071975000,"gmtModify":1793089216738,"author":{"id":9000000000000191,"idStr":"9000000000000191","authorId":9000000000000191,"authorIdStr":"9000000000000191","name":"glimzy","avatar":"https://community-static.tradeup.com/news/87c8d3bdfe645629a2547efacdbcf71c","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":63,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a>NOV20 545C in play.\nZone: $527.56 to $535.00\nInvalidation: close under $514.01\nObjectives: $556.79, then $568.62\nThe math works out to a 4.8% move to the first objective and 7.0% to the second, against 3.3% risk on the invalidation, so better than 2 to 1 to the second target.\nThis is a chip name that fell hard for weeks and then found its footing on Monday, climbing almost 3 percent to close near 531 dollars. The setup is a swing into the November 3 report after the close, and that report is the next big test of whether demand for its server chips is still growing the way buyers hope. If the bounce holds above the Monday low near 514 dollars, the path back runs first to 556 dollars and 79 cents, then to 568 dollars and 62 cents. A close under 514 dollars says the bounce failed.\nWatching $533.50, the Monday high. A move over it shows buyers carrying the bounce into Tuesday.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a>NOV20 545C in play.\nZone: $527.56 to $535.00\nInvalidation: close under $514.01\nObjectives: $556.79, then $568.62\nThe math works out to a 4.8% move to the first objective and 7.0% to the second, against 3.3% risk on the invalidation, so better than 2 to 1 to the second target.\nThis is a chip name that fell hard for weeks and then found its footing on Monday, climbing almost 3 percent to close near 531 dollars. The setup is a swing into the November 3 report after the close, and that report is the next big test of whether demand for its server chips is still growing the way buyers hope. If the bounce holds above the Monday low near 514 dollars, the path back runs first to 556 dollars and 79 cents, then to 568 dollars and 62 cents. A close under 514 dollars says the bounce failed.\nWatching $533.50, the Monday high. A move over it shows buyers carrying the bounce into Tuesday.</body></html>","text":"$Advanced Micro Devices(AMD)$ NOV20 545C in play. Zone: $527.56 to $535.00 Invalidation: close under $514.01 Objectives: $556.79, then $568.62 The math works out to a 4.8% move to the first objective and 7.0% to the second, against 3.3% risk on the invalidation, so better than 2 to 1 to the second target. This is a chip name that fell hard for weeks and then found its footing on Monday, climbing almost 3 percent to close near 531 dollars. The setup is a swing into the November 3 report after the close, and that report is the next big test of whether demand for its server chips is still growing the way buyers hope. If the bounce holds above the Monday low near 514 dollars, the path back runs first to 556 dollars and 79 cents, then to 568 dollars and 62 cents. A close under 514 dollars says the bounce failed. Watching $533.50, the Monday high. A move over it shows buyers carrying the bounce into Tuesday.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/622785687212032","repostId":0,"isVote":1,"tweetType":1,"viewCount":58,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AMD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":749,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/622785687212032"}