Incredibly Rare Pattern on AMD
I try to avoid being too enthusiastic about how I view a market. But AMD has one of the most interesting price journey's I've seen.
The price action displayed in AMD indicates a secular bull market in the stock. I have never seen price history with such a wide range, to the extent of price and time like AMD has - 2300% increase from the bottom of the range to the top of the range, during a 30 year period, with both the top and bottom range revisited 6 times in three decades). IMO, this is the type of technical scenario (price history) that could justify the possibility for a 10x or more opportunity within 5 years. The risk is also very well defined with the 20 year range-high now acting as support.
Bigger picture:
My former analysis is below; Related Ideas
The price action displayed in AMD indicates a secular bull market in the stock. I have never seen price history with such a wide range, to the extent of price and time like AMD has - 2300% increase from the bottom of the range to the top of the range, during a 30 year period, with both the top and bottom range revisited 6 times in three decades). IMO, this is the type of technical scenario (price history) that could justify the possibility for a 10x or more opportunity within 5 years. The risk is also very well defined with the 20 year range-high now acting as support.
Bigger picture:
My former analysis is below; Related Ideas
ملاحظة
Weekly - Looking at the executionملاحظة
Q1 follow up - Looking at the execution: Price touched both trend line and 50 week moving average at about $38 per share. Price also held its horizontal $43 support (2000 and 2006 highs).
ملاحظة
Big breakout on the daily in AMD today
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.