Advanced Micro Devices (AMD) Stock Analysis
AMD, listed on NASDAQ, has generally been on an upward trend. However, the last 2 weeks, the stock experienced a brief flash downturn, dropping to around the $157 level and witnessed a good recovery last week, reaching $186 zone.
Since then, it has pulled back and is currently trading at approximately $176 share.
Outlook:
I remain bullish on AMD with entries from $176 - $172 and anticipate a potential move toward the $200 level, with a longer-term target around its all-time high near $226.
For my entry strategy, I am adding positions at different levels, with an initial entry around $176 and another if it drops further
Position (s) are for a mid- to long-term hold.
Let’s see how it unfolds! If you have any insights or thoughts, please share them in the comments. I’d love to connect with you. Don’t forget to follow, share, and subscribe. Thank you.
AMD, listed on NASDAQ, has generally been on an upward trend. However, the last 2 weeks, the stock experienced a brief flash downturn, dropping to around the $157 level and witnessed a good recovery last week, reaching $186 zone.
Since then, it has pulled back and is currently trading at approximately $176 share.
Outlook:
I remain bullish on AMD with entries from $176 - $172 and anticipate a potential move toward the $200 level, with a longer-term target around its all-time high near $226.
For my entry strategy, I am adding positions at different levels, with an initial entry around $176 and another if it drops further
Position (s) are for a mid- to long-term hold.
Let’s see how it unfolds! If you have any insights or thoughts, please share them in the comments. I’d love to connect with you. Don’t forget to follow, share, and subscribe. Thank you.
Transakcja zakończona: osiągnięto poziom stop
Hit SLI am still holding my buy positions
Uwaga
Who held on to this stock till today?I am happy I did. I sold off after today's big positive move.
GOOD patience is key
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