BULLISH on AMD -- here's why
Updated
Despite recent headlines we've seen between the tech sector / supply chains & AMD having security vulnerabilities in their old processors, mind you the coverage has it backwards IMHO & detecting security flaws on older model processors IS NOT negative coverage -- as opposed to what every journalist / financial analyst writing for Benzinga or Bloomberg would have you believe.
Let me put my forex targets in before I get into my explanation:
So I'm sticking with my guns ON AMD based on 3 separate yet concrete factors:
1) Fundamentals all seem to point in bullish mid-long term projection analysis, with BB/KC/VOL/RSI/MACD all pointing towards bullish priceaction
2) Supply chains for AMD / MSFT will not be as detrimental as that of
AAPL as we're lead to believe -- since these tech companies deal moreso in larger/more expensive hardware & software than a trillion iphones being made in sweatshops. Therefore, I am not concerned about supply chain impact.
3) Lastly, the indicator to confirm the fundamentals: a Bulkowski's double bottom as encircled by the yellow on the chart above.
For this reason I'm standing firm on my position for AMD & that's my two cents on this stock...I don't deal with policy advisory work pertaining to WallST nor forex markets -- strictly CRYPTOCURRENCIES therefore there's no need for an extended lengthy disclaimer and so I'll keep it short & sweet:
DISCLAIMER
This is not financial advise. Please conduct your own research & analysis before making any investment decisions, while also investing responsibly & not more than you can afford.
Cheers. Enjoy your evening.
-a1mtarabichi
Let me put my forex targets in before I get into my explanation:
- 41.00 STOP
- TP1 46.05
- TP2 52.62
- TP3 59.10
So I'm sticking with my guns ON AMD based on 3 separate yet concrete factors:
1) Fundamentals all seem to point in bullish mid-long term projection analysis, with BB/KC/VOL/RSI/MACD all pointing towards bullish priceaction
2) Supply chains for AMD / MSFT will not be as detrimental as that of
AAPL as we're lead to believe -- since these tech companies deal moreso in larger/more expensive hardware & software than a trillion iphones being made in sweatshops. Therefore, I am not concerned about supply chain impact.3) Lastly, the indicator to confirm the fundamentals: a Bulkowski's double bottom as encircled by the yellow on the chart above.
For this reason I'm standing firm on my position for AMD & that's my two cents on this stock...I don't deal with policy advisory work pertaining to WallST nor forex markets -- strictly CRYPTOCURRENCIES therefore there's no need for an extended lengthy disclaimer and so I'll keep it short & sweet:
DISCLAIMER
This is not financial advise. Please conduct your own research & analysis before making any investment decisions, while also investing responsibly & not more than you can afford.
Cheers. Enjoy your evening.
-a1mtarabichi
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