Been patiently waiting for months for this stock to make a real move. It just does not want to do anything but go sideways. Looks like it may be trying to make $60 within the week as it heads into earnings. There was also some news yesterday that AMD "will" release the next version of Ryzen in 2020. If it does hit $60, then I doubt it will stay there. It just never seems to hold and AMD always seems to drop before earnings.
What I don't get is that AMD is beating the pants of of Intel in performance at both consumer and enterprise. I guess their lack luster graphics card business is holding them back. However, NVIDIA stock looks unstoppable right now. I am up 53% on that. The only problem is that I sunk most of my money into AMD and only a tiny amount into nvidia. Oh well.
Hope this helps.
What I don't get is that AMD is beating the pants of of Intel in performance at both consumer and enterprise. I guess their lack luster graphics card business is holding them back. However, NVIDIA stock looks unstoppable right now. I am up 53% on that. The only problem is that I sunk most of my money into AMD and only a tiny amount into nvidia. Oh well.
Hope this helps.
Trading ditutup: target tercapai:
What a strong rally at the end of the day. AMD finished at 57.80 in after market hours (5:25pm). A bit short of $60.
Turns out the proper price of the end of wave one was the $53.19 peak. I updated my wave analysis later in the day once it became clear that the high shadow at 10:37 was the end of wave 3. That reset the 2.0 level for wave 5 to be $57.96. I used that to take a nice profit today.
Could there be more upside, I doubt it. This rally was on pretty weak volume compared to the past, and it never holds these peaks.
Turns out the proper price of the end of wave one was the $53.19 peak. I updated my wave analysis later in the day once it became clear that the high shadow at 10:37 was the end of wave 3. That reset the 2.0 level for wave 5 to be $57.96. I used that to take a nice profit today.
Could there be more upside, I doubt it. This rally was on pretty weak volume compared to the past, and it never holds these peaks.
