AMD should trace back and consolidate before surpassing 42

٥ ديسمبر ٢٠١٩

Within a few weeks, before the New Year, company insiders will also sell some significant amount of stock, possibly causing a small chain reaction, triggering a lot of SL positions (hopefully in profit for most people) and the leveragers to get quite burned. Don't get me wrong, the team at AMD definitely did a very good job this year, and they deserve some rewards for their hard work, I am definitely long for AMD. But at the moment the stock is heavily overbought, and a correction is imminent in my opinion, probably a drop to around 33.5. At that time it will really be time to buy.