1
PRby u/priya97·15hAnalysis

$AMD - Could we see 550 again soon?

Watching $AMD's action today, hitting up to 550.88 before pulling back a bit. I'm thinking there's a good chance, maybe 60-65% odds, we revisit that 550 level and consolidate there, or even breach it, by next week. The volume was decent on the push, and the overall tech sentiment seems to be holding up. The range for today shows some strength, bouncing off 507.01, which is a good sign.

My reasoning here is largely based on the broader narrative around AI chips and the upcoming quarterly reports from major players. Any positive news flow, even if not directly from $AMD, could easily carry it back up. The dip in $SMCI today (-2.37%) might be seen as some profit-taking, but it doesn't seem to indicate a broader shift against AI infrastructure yet. It feels more like a pause before the next leg up, especially if the underlying market maintains its momentum.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this